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Eastman Chemical Stock Forecast, Price & News

-3.38 (-3.27 %)
(As of 11/25/2020 12:00 AM ET)
Today's Range
Now: $99.84
50-Day Range
MA: $88.18
52-Week Range
Now: $99.84
Volume804,639 shs
Average Volume1.22 million shs
Market Capitalization$13.53 billion
P/E Ratio28.86
Dividend Yield2.56%
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 copolyesters, cellulose esters, polyvinyl butyral (PVB) sheets, 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars

Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustryDiversified Chemicals



Sales & Book Value

Annual Sales$9.27 billion
Cash Flow$11.99 per share
Book Value$45.44 per share


Net Income$759 million


Market Cap$13.53 billion
Next Earnings Date2/4/2021 (Estimated)
-3.38 (-3.27 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Eastman Chemical (NYSE:EMN) Frequently Asked Questions

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

Eastman Chemical's stock was trading at $47.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EMN stock has increased by 110.1% and is now trading at $99.84.
View which stocks have been most impacted by COVID-19

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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Eastman Chemical

What stocks does MarketBeat like better than Eastman Chemical?

Wall Street analysts have given Eastman Chemical a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Eastman Chemical wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Eastman Chemical's next earnings date?

Eastman Chemical is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
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, October, 29th. The basic materials company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.37 by $0.20. The basic materials company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.07 billion. Eastman Chemical had a net margin of 5.56% and a return on equity of 13.12%. Eastman Chemical's revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS.
View Eastman Chemical's earnings history

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

Eastman Chemical declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.66 per share on Friday, October 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, September 14th.
View Eastman Chemical's dividend history

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

Eastman Chemical updated its fourth quarter earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $1.42 for the period, compared to the Thomson Reuters consensus estimate of $1.41.

What price target have analysts set for EMN?

16 Wall Street analysts have issued 1-year price objectives for Eastman Chemical's stock. Their forecasts range from $52.00 to $96.00. On average, they anticipate Eastman Chemical's stock price to reach $77.47 in the next twelve months. This suggests that the stock has a possible downside of 22.4%.
View analysts' price targets for Eastman Chemical

Are investors shorting Eastman Chemical?

Eastman Chemical saw a decline in short interest in October. As of October 15th, there was short interest totaling 2,200,000 shares, a decline of 17.9% from the September 30th total of 2,680,000 shares. Based on an average daily trading volume, of 936,000 shares, the short-interest ratio is presently 2.4 days. Approximately 1.6% of the shares of the stock are short sold.
View Eastman Chemical's Short Interest

Who are some of Eastman Chemical's key competitors?

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

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), Intel (INTC), QUALCOMM (QCOM), CVS Health (CVS), Verizon Communications (VZ), Pfizer (PFE), 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 54, Pay $2.01M)
  • Mr. Stephen Glenn Crawford, Sr. VP and Chief Technology & Sustainability Officer (Age 55, Pay $696.34k)
  • Mr. Brad A. Lich, Exec. VP & Chief Commercial Officer (Age 52, Pay $944.48k)
  • Mr. Lucian Boldea Ph.D., Exec. VP of Chemical Intermediates, Additives & Functional Products (Age 48, Pay $800.73k)
  • Mr. William Thomas McLain Jr., CFO & Sr. VP
  • Mr. Scott V. King, Chief Accounting Officer, VP & Corp. Controller (Age 51)
  • Mr. Gregory A. Riddle, VP of Investor Relations & Communications (Age 51)
  • Ms. Kellye L. Walker, Exec. VP & Chief Legal Officer (Age 53)
  • Mr. Perry Stuckey III, Chief HR Officer & Sr. VP (Age 61)
  • Mr. J. P. Kuijpers, MD of EMEA Region & Global Procurement Director

What is Eastman Chemical's stock symbol?

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

Who are Eastman Chemical's major shareholders?

Eastman Chemical's stock is owned by a number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (9.07%), Great West Life Assurance Co. Can (8.04%), BlackRock Inc. (6.74%), State Street Corp (4.51%), LSV Asset Management (3.22%) and Victory Capital Management Inc. (2.29%). Company insiders that own Eastman Chemical stock include David W Raisbeck, Lucian Boldea, Mark J Costa, Mark K Cox, Scott V King, Stephen Glenn Crawford and Votava Jan.
View institutional ownership trends for Eastman Chemical

Which institutional investors are selling Eastman Chemical stock?

EMN stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., BlackRock Inc., Miller Howard Investments Inc. NY, AQR Capital Management LLC, Letko Brosseau & Associates Inc., LSV Asset Management, Retirement Systems of Alabama, and Wells Fargo & Company MN. Company insiders that have sold Eastman Chemical company stock in the last year include Lucian Boldea, Mark J Costa, Mark K Cox, Scott V King, and Stephen Glenn Crawford.
View insider buying and selling activity for Eastman Chemical

Which institutional investors are buying Eastman Chemical stock?

EMN stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, JPMorgan Chase & Co., Morgan Stanley, CHURCHILL MANAGEMENT Corp, Scopus Asset Management L.P., Cibc World Markets Corp, Private Capital Advisors Inc., and State of Tennessee Treasury Department. Company insiders that have bought Eastman Chemical stock in the last two years include David W Raisbeck, and Votava Jan.
View insider buying and selling activity for Eastman Chemical

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 $99.84.

How big of a company is Eastman Chemical?

Eastman Chemical has a market capitalization of $13.53 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.

What is Eastman Chemical's official website?

The official website for Eastman Chemical is 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]

This page was last updated on 11/26/2020 by MarketBeat.com Staff

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