Q1 EPS Estimate for Eastman Chemical Boosted by Analyst

Eastman Chemical (NYSE:EMN - Free Report) - Equities research analysts at Zacks Research upped their Q1 2025 earnings per share estimates for shares of Eastman Chemical in a research report issued to clients and investors on Wednesday, February 12th. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings of $1.91 per share for the quarter, up from their previous forecast of $1.84. The consensus estimate for Eastman Chemical's current full-year earnings is $8.55 per share. Zacks Research also issued estimates for Eastman Chemical's Q1 2026 earnings at $2.14 EPS.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.60 by $0.27. Eastman Chemical had a net margin of 9.65% and a return on equity of 16.40%.

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Eastman Chemical from $115.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company raised Eastman Chemical from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $110.00 to $125.00 in a research report on Tuesday, November 26th. KeyCorp upped their target price on shares of Eastman Chemical from $121.00 to $128.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their target price on Eastman Chemical from $101.00 to $103.00 and gave the company a "sector perform" rating in a report on Tuesday, February 4th. Finally, UBS Group lowered their price target on Eastman Chemical from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Eastman Chemical currently has an average rating of "Moderate Buy" and an average price target of $114.08.

Eastman Chemical Stock Down 0.7 %

EMN stock traded down $0.68 during trading on Monday, hitting $100.58. 678,929 shares of the company's stock were exchanged, compared to its average volume of 1,126,656. The company has a current ratio of 1.52, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. Eastman Chemical has a 52-week low of $83.83 and a 52-week high of $114.50. The business has a 50-day moving average price of $94.40 and a two-hundred day moving average price of $100.17. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.26 and a beta of 1.44.

Hedge Funds Weigh In On Eastman Chemical

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Eastman Chemical in the fourth quarter valued at about $150,537,000. Capital World Investors purchased a new stake in shares of Eastman Chemical during the 4th quarter valued at about $137,848,000. Norges Bank acquired a new position in Eastman Chemical during the 4th quarter worth approximately $137,416,000. Assenagon Asset Management S.A. boosted its holdings in Eastman Chemical by 1,104.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 933,984 shares of the basic materials company's stock worth $104,560,000 after acquiring an additional 856,432 shares during the period. Finally, Wealthfront Advisers LLC grew its position in Eastman Chemical by 3,136.8% in the fourth quarter. Wealthfront Advisers LLC now owns 736,011 shares of the basic materials company's stock valued at $67,213,000 after acquiring an additional 713,272 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Transactions at Eastman Chemical

In related news, EVP Stephen Glenn Crawford sold 10,504 shares of Eastman Chemical stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $105.00, for a total value of $1,102,920.00. Following the transaction, the executive vice president now owns 47,287 shares in the company, valued at approximately $4,965,135. This trade represents a 18.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Mcalindon sold 4,456 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $105.84, for a total value of $471,623.04. Following the sale, the senior vice president now directly owns 4,403 shares of the company's stock, valued at approximately $466,013.52. This trade represents a 50.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.93% of the company's stock.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Friday, March 14th. Eastman Chemical's dividend payout ratio is currently 43.23%.

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.