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

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

Eastman Chemical declared a quarterly dividend on Wednesday, February 12th. Shareholders 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 yield of 3.59%. The ex-dividend date is Friday, March 13th. View Eastman Chemical's Dividend History.

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 the consensus estimate of $2.20 billion. Eastman Chemical had a net margin of 8.19% and a return on equity of 16.50%. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 EPS. View Eastman Chemical's Earnings History.

Eastman Chemical is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Eastman Chemical.

Eastman Chemical issued an update on 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 earnings per share estimate of $7.78.

12 brokers have issued 12 month target prices for Eastman Chemical's stock. Their forecasts range from $74.00 to $94.00. On average, they expect Eastman Chemical's share price to reach $82.33 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets for Eastman Chemical.

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

Media coverage about EMN stock has trended very negative this week, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Eastman Chemical earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news articles about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Eastman Chemical.

Eastman Chemical saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,900,000 shares, an increase of 18.0% from the January 15th total of 1,610,000 shares. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.4% of the shares of the stock are short sold. View Eastman Chemical's Current Options Chain.

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

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

Eastman Chemical's stock is owned by a number of of institutional and retail 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, Curtis E Espeland, Damon Cary Warmack, David A Golden, David W Raisbeck, Gary E Anderson, Lucian Boldea, Mark J Costa, Mark K Cox, Scott V King and Votava Jan. View Institutional Ownership Trends for Eastman Chemical.

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 for Eastman Chemical.

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

One share of EMN stock can currently be purchased for approximately $73.60.

Eastman Chemical has a market capitalization of $10.01 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.

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

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]