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

$46.47
-1.48 (-3.09 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$45.01
Now: $46.47
$47.71
50-Day Range
$38.39
MA: $59.75
$75.68
52-Week Range
$34.44
Now: $46.47
$86.18
Volume991,328 shs
Average Volume2.04 million shs
Market Capitalization$6.32 billion
P/E Ratio8.51
Dividend Yield5.51%
Beta1.41
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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Eastman Chemical logo

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$11.39 per share
Book Value$44.35 per share

Profitability

Net Income$759 million

Miscellaneous

Employees14,500
Market Cap$6.32 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EMN shares have decreased by 2.2% and is now trading at $46.47. View which stocks have been mosted impacted by Coronavirus.

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 5 hold ratings and 11 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 Zacks' consensus estimate of $1.33 by $0.09. The basic materials company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.20 billion. Eastman Chemical had a return on equity of 16.47% and a net margin of 8.19%. The business's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm 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 declared a quarterly dividend on Wednesday, February 12th. Stockholders of record on Monday, March 16th will be given 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 5.68%. The ex-dividend date of this dividend 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 EPS 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?

16 brokers have issued 12 month price targets for Eastman Chemical's stock. Their forecasts range from $50.00 to $85.00. On average, they anticipate Eastman Chemical's share price to reach $69.60 in the next year. This suggests a possible upside of 49.8% from the stock's current price. View analysts' price targets for Eastman Chemical.

Has Eastman Chemical been receiving favorable news coverage?

Media coverage about EMN stock has been trending extremely negative on Sunday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Eastman Chemical earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutEastman Chemical.

Are investors shorting Eastman Chemical?

Eastman Chemical saw a decrease in short interest in March. As of March 13th, there was short interest totaling 1,731,100 shares, a decrease of 8.9% from the February 27th total of 1,900,000 shares. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.3% of the shares of the company 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), Broadcom (AVGO), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

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."

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 State Street Corp (4.65%), LSV Asset Management (3.90%), Victory Capital Management Inc. (2.92%), Victory Capital Management Inc. (2.91%), Geode Capital Management LLC (1.92%) and Bank of New York Mellon Corp (1.74%). Company insiders that own Eastman Chemical stock include Brad A Lich, David A Golden, David W Raisbeck, Lucian Boldea, Mark J Costa, Mark K Cox, Scott V King and Votava Jan. View institutional ownership trends for Eastman Chemical.

Which major 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., Victory Capital Management Inc., Russell Investments Group Ltd., Schroder Investment Management Group, National Pension Service, State Street Corp, PGGM Investments, and LSV Asset Management. View insider buying and selling activity for Eastman Chemical.

Which major investors are buying Eastman Chemical stock?

EMN stock was acquired by a variety of institutional investors in the last quarter, including OLD Republic International Corp, Bank of New York Mellon Corp, Norges Bank, Panagora Asset Management Inc., FMR LLC, Marshall Wace LLP, Goldman Sachs Group Inc., and Clark Capital Management Group Inc.. 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 $46.47.

How big of a company is Eastman Chemical?

Eastman Chemical has a market capitalization of $6.32 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:  625 (Vote Outperform)
Underperform Votes:  572 (Vote Underperform)
Total Votes:  1,197
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 3/29/2020 by MarketBeat.com Staff

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