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NYSE:EMNEastman Chemical Stock Price, Forecast & News

$68.08
-0.37 (-0.54 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$67.15
Now: $68.08
$68.63
50-Day Range
$52.00
MA: $60.19
$69.75
52-Week Range
$34.44
Now: $68.08
$83.99
Volume2.49 million shs
Average Volume1.33 million shs
Market Capitalization$9.25 billion
P/E Ratio11.62
Dividend Yield3.86%
Beta1.61
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.40 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.27 billion
Cash Flow$11.70 per share
Book Value$45.56 per share

Profitability

Net Income$759 million

Miscellaneous

Employees14,500
Market Cap$9.25 billion
Next Earnings Date7/23/2020 (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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EMN shares have increased by 43.3% and is now trading at $68.08. View which stocks have been most 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 5 hold ratings and 13 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, July 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, April, 30th. The basic materials company reported $2.03 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.72 by $0.31. The basic materials company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.26 billion. Eastman Chemical had a return on equity of 16.76% and a net margin of 8.85%. The company's revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 earnings per share. 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 Thursday, May 7th. Shareholders of record on Monday, June 15th will be given a dividend of $0.66 per share on Friday, July 10th. This represents a $2.64 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, June 12th. View Eastman Chemical's dividend history.

What price target have analysts set for EMN?

18 brokerages have issued twelve-month price objectives for Eastman Chemical's shares. Their forecasts range from $52.00 to $85.00. On average, they expect Eastman Chemical's share price to reach $70.41 in the next twelve months. This suggests a possible upside of 3.4% from the stock's current price. View analysts' price targets for Eastman Chemical.

Has Eastman Chemical been receiving favorable news coverage?

News headlines about EMN stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Eastman Chemical earned a news sentiment score of -3.5 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutEastman Chemical.

Are investors shorting Eastman Chemical?

Eastman Chemical saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,000,000 shares, an increase of 50.8% from the April 30th total of 1,990,000 shares. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.2% of the company's shares are short sold. 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). 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), Verizon Communications (VZ), Intel (INTC), QUALCOMM (QCOM), Johnson & Johnson (JNJ), CVS Health (CVS), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and Chevron (CVX).

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.20%), JPMorgan Chase & Co. (6.37%), State Street Corp (4.39%), Victory Capital Management Inc. (2.89%), Victory Capital Management Inc. (2.89%) and Invesco Ltd. (2.25%). Company insiders that own Eastman Chemical stock include David W Raisbeck, Lucian Boldea, Mark J Costa, Scott V King 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 Russell Investments Group Ltd., FinTrust Capital Advisors LLC, State Street Corp, BNP Paribas Arbitrage SA, Balyasny Asset Management LLC, Hexavest Inc., AQR Capital Management LLC, and Deutsche Bank AG. 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 JPMorgan Chase & Co., Miller Howard Investments Inc. NY, APG Asset Management N.V., Invesco Ltd., Scopus Asset Management L.P., Morgan Stanley, Morgan Stanley, and Squarepoint Ops LLC. 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 $68.08.

How big of a company is Eastman Chemical?

Eastman Chemical has a market capitalization of $9.25 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 5/30/2020 by MarketBeat.com Staff

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