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NYSE:EMN - Eastman Chemical Stock Price, Forecast & News

$45.38
-0.13 (-0.29 %)
(As of 04/3/2020 06:13 AM ET)
Today's Range
$44.81
Now: $45.38
$48.13
50-Day Range
$38.39
MA: $56.54
$75.68
52-Week Range
$34.44
Now: $45.38
$86.18
Volume1.94 million shs
Average Volume1.95 million shs
Market Capitalization$6.17 billion
P/E Ratio8.31
Dividend Yield5.80%
Beta1.47
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. The company's Additives & Functional Products segment offers specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and anti-degradant rubber additives; performance resins; amine derivative-based building blocks; heat transfer and aviation fluids; organic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. It serves the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. Its Advanced Materials segment provides co-polyesters, cellulose esters, polyvinyl butyral (PVB) sheets, specialty PVB intermediates, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, consumables, building and construction, durable goods, and health and wellness markets. The company's Chemical Intermediates segment offers Olefin and acetyl derivatives, ethylene, and commodity solvents; primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers; and methylamines and salts higher amines and solvents to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, aerospace, personal hygiene, and consumables markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.
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Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustryDiversified Chemicals
SectorBasic Materials
CUSIP27743210
Phone423-229-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.27 billion
Cash Flow$11.73 per share
Book Value$44.35 per share

Profitability

Net Income$759 million

Miscellaneous

Employees14,500
Market Cap$6.17 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Eastman Chemical (NYSE:EMN) Frequently Asked Questions

How has Eastman Chemical's stock been impacted by COVID-19 (Coronavirus)?

Eastman Chemical's stock was trading at $47.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EMN shares have decreased by 4.5% and is now trading at $45.38. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Eastman Chemical?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Eastman Chemical.

When is Eastman Chemical's next earnings date?

Eastman Chemical is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Eastman Chemical.

How were Eastman Chemical's earnings last quarter?

Eastman Chemical (NYSE:EMN) released its earnings results on Thursday, January, 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.33 by $0.09. The basic materials company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.20 billion. Eastman Chemical had a return on equity of 16.47% and a net margin of 8.19%. The firm's revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 EPS. View Eastman Chemical's earnings history.

How often does Eastman Chemical pay dividends? What is the dividend yield for Eastman Chemical?

Eastman Chemical announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.66 per share on Friday, April 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Friday, March 13th. View Eastman Chemical's dividend history.

What guidance has Eastman Chemical issued on next quarter's earnings?

Eastman Chemical updated its FY20 earnings guidance on Thursday, January, 30th. The company provided earnings per share guidance of $7.20-7.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.78.

What price target have analysts set for EMN?

18 brokerages have issued 1-year price objectives for Eastman Chemical's stock. Their forecasts range from $50.00 to $85.00. On average, they expect Eastman Chemical's stock price to reach $68.82 in the next year. This suggests a possible upside of 51.7% from the stock's current price. View analysts' price targets for Eastman Chemical.

Has Eastman Chemical been receiving favorable news coverage?

Press coverage about EMN stock has been trending very negative on Friday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Eastman Chemical earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news articles about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutEastman Chemical.

Are investors shorting Eastman Chemical?

Eastman Chemical saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,731,100 shares, a decline of 8.9% from the February 27th total of 1,900,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is presently 1.4 days. Currently, 1.3% of the shares of the stock are sold short. View Eastman Chemical's Current Options Chain.

Who are some of Eastman Chemical's key competitors?

Some companies that are related to Eastman Chemical include PPG Industries (PPG), FMC (FMC), Huntsman (HUN), Olin (OLN) and LSB Industries (LXU).

What other stocks do shareholders of Eastman Chemical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastman Chemical investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), QUALCOMM (QCOM), Intel (INTC), Enterprise Products Partners (EPD), Exxon Mobil (XOM), Cisco Systems (CSCO), Johnson & Johnson (JNJ) and Broadcom (AVGO).

Who are Eastman Chemical's key executives?

Eastman Chemical's management team includes the following people:
  • Mr. Mark J. Costa, Chairman & CEO (Age 53)
  • Mr. Curtis E. Espeland, Exec. VP & CFO (Age 54)
  • Mr. David A. Golden, Chief Legal & Sustainability Officer, Sr. VP and Corp. Sec. (Age 53)
  • Mr. Brad A. Lich, Exec. VP & Chief Commercial Officer (Age 51)
  • Mr. Lucian Boldea Ph.D., Exec. VP of Chemical Intermediates, Additives & Functional Products (Age 47)

What is Eastman Chemical's stock symbol?

Eastman Chemical trades on the New York Stock Exchange (NYSE) under the ticker symbol "EMN."

How do I buy shares of Eastman Chemical?

Shares of EMN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Eastman Chemical's stock price today?

One share of EMN stock can currently be purchased for approximately $45.38.

How big of a company is Eastman Chemical?

Eastman Chemical has a market capitalization of $6.17 billion and generates $9.27 billion in revenue each year. The basic materials company earns $759 million in net income (profit) each year or $7.13 on an earnings per share basis. Eastman Chemical employs 14,500 workers across the globe. View additional information about Eastman Chemical.

What is Eastman Chemical's official website?

The official website for Eastman Chemical is http://www.eastman.com/.

How can I contact Eastman Chemical?

Eastman Chemical's mailing address is PO BOX 511 200 SOUTH WILCOX DRIVE, KINGSPORT TN, 37662. The basic materials company can be reached via phone at 423-229-2000 or via email at [email protected]


MarketBeat Community Rating for Eastman Chemical (NYSE EMN)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  627 (Vote Outperform)
Underperform Votes:  574 (Vote Underperform)
Total Votes:  1,201
MarketBeat's community ratings are surveys of what our community members think about Eastman Chemical and other stocks. Vote "Outperform" if you believe EMN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EMN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/3/2020 by MarketBeat.com Staff

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