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Eastman Chemical (EMN) Stock Price, News & Analysis

Eastman Chemical logo
$91.76 +1.73 (+1.92%)
(As of 12/20/2024 05:31 PM ET)

About Eastman Chemical Stock (NYSE:EMN)

Key Stats

Today's Range
$88.88
$92.17
50-Day Range
$90.03
$110.41
52-Week Range
$80.71
$114.50
Volume
2.48 million shs
Average Volume
979,611 shs
Market Capitalization
$10.64 billion
P/E Ratio
12.28
Dividend Yield
3.62%
Price Target
$113.92
Consensus Rating
Hold

Company Overview

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. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral sheets, and window and protective films for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non-phthalate plasticizers for industrial chemicals and processing, building and construction, health and wellness, and food and feed. 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, and staple fiber 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, and aerospace markets. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.

Eastman Chemical Stock Analysis - MarketRank™

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99th Percentile Overall Score

EMN MarketRank™: 

Eastman Chemical scored higher than 99% of companies evaluated by MarketBeat, and ranked 7th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Eastman Chemical has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Eastman Chemical has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Eastman Chemical's stock forecast and price target.
  • Earnings Growth

    Earnings for Eastman Chemical are expected to grow by 16.91% in the coming year, from $7.63 to $8.92 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Eastman Chemical is 12.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.45.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Eastman Chemical is 12.28, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.91.

  • Price to Earnings Growth Ratio

    Eastman Chemical has a PEG Ratio of 0.79. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Eastman Chemical has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.78% of the float of Eastman Chemical has been sold short.
  • Short Interest Ratio / Days to Cover

    Eastman Chemical has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Eastman Chemical has recently decreased by 0.49%, indicating that investor sentiment is improving.
  • Dividend Yield

    Eastman Chemical pays a meaningful dividend of 3.48%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Eastman Chemical has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of Eastman Chemical is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Eastman Chemical will have a dividend payout ratio of 37.22% next year. This indicates that Eastman Chemical will be able to sustain or increase its dividend.

  • Read more about Eastman Chemical's dividend.
  • Percentage of Shares Shorted

    1.78% of the float of Eastman Chemical has been sold short.
  • Short Interest Ratio / Days to Cover

    Eastman Chemical has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Eastman Chemical has recently decreased by 0.49%, indicating that investor sentiment is improving.
  • News Sentiment

    Eastman Chemical has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Eastman Chemical this week, compared to 9 articles on an average week.
  • Search Interest

    8 people have searched for EMN on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.
  • MarketBeat Follows

    9 people have added Eastman Chemical to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Eastman Chemical insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,895,948.00 in company stock.

  • Percentage Held by Insiders

    Only 1.93% of the stock of Eastman Chemical is held by insiders.

  • Percentage Held by Institutions

    83.65% of the stock of Eastman Chemical is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Eastman Chemical's insider trading history.
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EMN Stock News Headlines

Citigroup Downgrades Eastman Chemical (EMN)
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Eastman Chemical downgraded to Neutral from Buy at Citi
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Jefferies Reaffirms Their Buy Rating on Eastman Chemical (EMN)
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See More Headlines

EMN Stock Analysis - Frequently Asked Questions

Eastman Chemical's stock was trading at $89.82 at the beginning of the year. Since then, EMN shares have increased by 2.2% and is now trading at $91.76.
View the best growth stocks for 2024 here
.

Eastman Chemical (NYSE:EMN) posted its quarterly earnings data on Thursday, October, 31st. The basic materials company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. The company's revenue was up 8.7% on a year-over-year basis.
Read the conference call transcript
.

Eastman Chemical subsidiaries include Commonwealth Laminating & Coating Inc, Taminco Corporation, Knowlton Technologies LLC, BP - Aviation Turbine Oil Business, Solutia Inc., TetraVitae Bioscience, Scandiflex do Brasil Ltda., and others.

Eastman Chemical's top institutional shareholders include State Street Corp (4.56%), Franklin Resources Inc. (4.50%), Geode Capital Management LLC (2.40%) and Massachusetts Financial Services Co. MA (2.36%). Insiders that own company stock include Mark J Costa, Stephen Glenn Crawford, Christopher Moore Killian, Julie A Mcalindon, Adrian James Holt and Mark K Cox.
View institutional ownership trends
.

Shares of EMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Eastman Chemical investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), McKesson (MCK), Charles Schwab (SCHW), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

Ex-Dividend for 10/7 Dividend
9/16/2024
Dividend Payable
10/07/2024
Last Earnings
10/31/2024
Ex-Dividend for 1/8 Dividend
12/16/2024
Today
12/21/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/08/2025

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
Diversified Chemicals
CUSIP
27743210
Employees
14,000
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$113.92
High Stock Price Target
$128.00
Low Stock Price Target
$101.00
Potential Upside/Downside
+24.2%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$894 million
Pretax Margin
12.91%

Debt

Sales & Book Value

Annual Sales
$9.34 billion
Cash Flow
$9.93 per share
Book Value
$47.13 per share

Miscellaneous

Free Float
113,676,000
Market Cap
$10.64 billion
Optionable
Optionable
Beta
1.42

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This page (NYSE:EMN) was last updated on 12/21/2024 by MarketBeat.com Staff
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