Eastman Chemical (EMN) Projected to Post Earnings on Thursday

Eastman Chemical (NYSE:EMN - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $1.91 per share and revenue of $2.35 billion for the quarter. Eastman Chemical has set its FY 2025 guidance at 8.000-8.750 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.27. Eastman Chemical had a net margin of 9.65% and a return on equity of 16.27%. On average, analysts expect Eastman Chemical to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Eastman Chemical Stock Down 0.2 %

Shares of EMN traded down $0.18 on Friday, reaching $76.61. The stock had a trading volume of 1,628,810 shares, compared to its average volume of 1,021,936. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.78 and a current ratio of 1.51. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. The company has a 50-day simple moving average of $89.72 and a 200-day simple moving average of $96.05. Eastman Chemical has a 12-month low of $70.90 and a 12-month high of $114.50.

Eastman Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Friday, March 14th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Friday, March 14th. Eastman Chemical's payout ratio is currently 43.23%.

Analysts Set New Price Targets

EMN has been the subject of several recent analyst reports. KeyCorp lowered their price target on Eastman Chemical from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. raised their price objective on shares of Eastman Chemical from $110.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. UBS Group decreased their price objective on Eastman Chemical from $123.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company dropped their target price on shares of Eastman Chemical from $125.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America raised shares of Eastman Chemical from a "neutral" rating to a "buy" rating and cut their price objective for the company from $115.00 to $109.00 in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Eastman Chemical has an average rating of "Moderate Buy" and an average price target of $107.08.

Hedge Funds Weigh In On Eastman Chemical

A hedge fund recently bought a new stake in Eastman Chemical stock. Brighton Jones LLC bought a new stake in shares of Eastman Chemical (NYSE:EMN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,214 shares of the basic materials company's stock, valued at approximately $202,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

About Eastman Chemical

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.