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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NYSE:EMN

Eastman Chemical Stock Forecast, Price & News

$109.26
-0.90 (-0.82 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$107.16
Now: $109.26
$110.45
50-Day Range
$98.35
MA: $106.18
$113.41
52-Week Range
$34.44
Now: $109.26
$114.41
Volume956,195 shs
Average Volume894,020 shs
Market Capitalization$14.84 billion
P/E Ratio31.58
Dividend Yield2.51%
Beta1.53
Eastman Chemical Company operates as a specialty materials company worldwide. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. 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 methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers 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, acetic acid, 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.
Eastman Chemical logo

Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustryDiversified Chemicals
CUSIP27743210
Phone423-229-2000
Employees14,500
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.27 billion
Cash Flow$12.05 per share
Book Value$44.35 per share

Profitability

Net Income$759 million

Miscellaneous

Market Cap$14.84 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.31 out of 5 stars

Basic Materials Sector

19th out of 832 stocks

Plastics Materials & Resins Industry

2nd out of 18 stocks

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$109.26
-0.90 (-0.82 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Eastman Chemical (NYSE:EMN) Frequently Asked Questions

Is Eastman Chemical a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Eastman Chemical stock.
View analyst ratings for Eastman Chemical
or view top-rated stocks.

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 past winning trading ideas 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.

Are investors shorting Eastman Chemical?

Eastman Chemical saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,820,000 shares, an increase of 16.7% from the December 31st total of 1,560,000 shares. Based on an average daily volume of 886,200 shares, the short-interest ratio is currently 2.1 days. Currently, 1.4% of the shares of the stock are short sold.
View Eastman Chemical's Short Interest
.

When is Eastman Chemical's next earnings date?

Eastman Chemical is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Eastman Chemical
.

How were Eastman Chemical's earnings last quarter?

Eastman Chemical (NYSE:EMN) announced its quarterly earnings results on Thursday, January, 28th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.50 by $0.19. The basic materials company earned $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. Eastman Chemical had a net margin of 5.56% and a trailing twelve-month return on equity of 13.12%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 earnings per share.
View Eastman Chemical's earnings history
.

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 (WHO). Since then, EMN shares have increased by 130.0% and is now trading at $109.26.
View which stocks have been most impacted by COVID-19
.

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

Eastman Chemical declared a quarterly dividend on Thursday, February 18th. Stockholders of record on Monday, March 15th will be paid a dividend of $0.69 per share on Monday, April 5th. This represents a $2.76 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, March 12th.
View Eastman Chemical's dividend history
.

Is Eastman Chemical a good dividend stock?

Eastman Chemical pays an annual dividend of $2.76 per share and currently has a dividend yield of 2.51%. Eastman Chemical does not yet have a strock track record of dividend growth. The dividend payout ratio of Eastman Chemical is 38.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Eastman Chemical will have a dividend payout ratio of 38.02% next year. This indicates that Eastman Chemical will be able to sustain or increase its dividend.
View Eastman Chemical's dividend history.

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

Eastman Chemical updated its FY 2021 After-Hours earnings guidance on Thursday, January, 28th. The company provided EPS guidance of 7.38-8.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.19.

What price target have analysts set for EMN?

15 equities research analysts have issued 1 year target prices for Eastman Chemical's stock. Their forecasts range from $52.00 to $122.00. On average, they anticipate Eastman Chemical's stock price to reach $84.71 in the next twelve months. This suggests that the stock has a possible downside of 22.5%.
View analysts' price targets for Eastman Chemical
or view top-rated stocks among Wall Street analysts.

Who are Eastman Chemical's key executives?

Eastman Chemical's management team includes the following people:
  • Mr. Mark J. Costa, Chairman & CEO (Age 55, Pay $2.01M)
  • Mr. Stephen Glenn Crawford, Sr. VP and Chief Technology & Sustainability Officer (Age 56, Pay $696.34k)
  • Mr. Brad A. Lich, Exec. VP & Chief Commercial Officer (Age 53, Pay $944.48k)
  • Dr. Lucian Boldea Ph.D., Exec. VP of Chemical Intermediates, Additives & Functional Products (Age 49, Pay $800.73k)
  • Mr. William Thomas McLain Jr., CFO & Sr. VP (Age 48)
  • Mr. Scott V. King, Chief Accounting Officer, VP & Corp. Controller (Age 52)
  • Mr. Gregory A. Riddle, VP of Investor Relations & Communications (Age 52)
  • Ms. Kellye L. Walker, Exec. VP & Chief Legal Officer (Age 54)
  • Mr. Perry Stuckey III, Chief HR Officer & Sr. VP (Age 62)
  • Mr. J. P. Kuijpers, MD of EMEA Region & Global Procurement Director

What is Mark J. Costa's approval rating as Eastman Chemical's CEO?

742 employees have rated Eastman Chemical CEO Mark J. Costa on Glassdoor.com. Mark J. Costa has an approval rating of 74% among Eastman Chemical's employees.

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 of EMN's 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).

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 institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (9.54%), BlackRock Inc. (6.81%), Victory Capital Management Inc. (1.89%), Dimensional Fund Advisors LP (1.76%), Charles Schwab Investment Management Inc. (1.69%) and Ninety One UK Ltd (1.42%). Company insiders that own Eastman Chemical stock include Brad A Lich, Lucian Boldea, Mark J Costa, Mark K Cox, Perry Stuckey, Scott V King, Stephen Glenn Crawford 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 Bank of New York Mellon Corp, Victory Capital Management Inc., State of Wisconsin Investment Board, Clark Capital Management Group Inc., GMT Capital Corp, Letko Brosseau & Associates Inc., Brandywine Global Investment Management LLC, and Cibc World Markets Corp. Company insiders that have sold Eastman Chemical company stock in the last year include Brad A Lich, Lucian Boldea, Mark J Costa, Mark K Cox, Perry Stuckey, Scott V King, and Stephen Glenn Crawford.
View insider buying and selling activity for Eastman Chemical
or view top insider-selling stocks.

Which major investors are buying Eastman Chemical stock?

EMN stock was bought by a variety of institutional investors in the last quarter, including Ninety One UK Ltd, Principal Financial Group Inc., JPMorgan Chase & Co., National Pension Service, Morgan Stanley, Charles Schwab Investment Management Inc., Panagora Asset Management Inc., and Stack Financial Management Inc.
View insider buying and selling activity for Eastman Chemical
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Eastman Chemical's stock price today?

One share of EMN stock can currently be purchased for approximately $109.26.

How much money does Eastman Chemical make?

Eastman Chemical has a market capitalization of $14.84 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.

How many employees does Eastman Chemical have?

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.

Where are Eastman Chemical's headquarters?

Eastman Chemical is headquartered at PO BOX 511 200 SOUTH WILCOX DRIVE, KINGSPORT TN, 37662.

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 2/28/2021 by MarketBeat.com Staff

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