Eastman Chemical (EMN) Projected to Post Quarterly Earnings on Thursday

Eastman Chemical (NYSE:EMN) is projected to issue its quarterly earnings data before the market opens 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, January 30th. The basic materials company reported $1.87 earnings per share 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 1.0 %

EMN stock opened at $76.89 on Thursday. Eastman Chemical has a one year low of $70.90 and a one year high of $114.50. 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’s fifty day moving average is $90.65 and its 200 day moving average is $96.63. The firm has a market cap of $8.86 billion, a PE ratio of 10.01, a P/E/G ratio of 1.22 and a beta of 1.38.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Friday, March 14th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Friday, March 14th. Eastman Chemical’s dividend payout ratio (DPR) is presently 43.23%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMN. Piper Sandler lowered their price target on Eastman Chemical from $105.00 to $99.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Bank of America raised shares of Eastman Chemical from a “neutral” rating to a “buy” rating and dropped their price target for the company from $115.00 to $109.00 in a research note on Tuesday, January 14th. Barclays reduced their price objective on shares of Eastman Chemical from $111.00 to $108.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. KeyCorp cut their target price on shares of Eastman Chemical from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Royal Bank of Canada raised shares of Eastman Chemical from a “sector perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eastman Chemical has a consensus rating of “Moderate Buy” and an average price target of $107.08.

Institutional Inflows and Outflows

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

Eastman Chemical Company Profile

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.