Eastman Chemical (NYSE:EMN) Posts Earnings Results

Eastman Chemical (NYSE:EMN) announced its quarterly earnings data on Thursday. The basic materials company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.27, Zacks reports. Eastman Chemical had a return on equity of 15.37% and a net margin of 9.47%. Eastman Chemical updated its FY 2025 guidance to 8.000-8.750 EPS.

Eastman Chemical Stock Up 7.4 %

Shares of Eastman Chemical stock opened at $99.52 on Friday. Eastman Chemical has a 1-year low of $80.71 and a 1-year high of $114.50. The company has a market capitalization of $11.54 billion, a PE ratio of 13.32, a P/E/G ratio of 0.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.78. The business has a 50-day moving average of $94.80 and a 200-day moving average of $100.03.

Eastman Chemical Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 16th were given a $0.83 dividend. This is a boost from Eastman Chemical’s previous quarterly dividend of $0.81. This represents a $3.32 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Monday, December 16th. Eastman Chemical’s dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EMN shares. Bank of America raised shares of Eastman Chemical from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $115.00 to $109.00 in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price target on shares of Eastman Chemical in a research note on Friday, November 22nd. Piper Sandler lowered their price objective on shares of Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Eastman Chemical from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, Citigroup lowered Eastman Chemical from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $118.00 to $104.00 in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.54.

Insider Buying and Selling at Eastman Chemical

In other Eastman Chemical news, EVP Stephen Glenn Crawford sold 10,504 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were 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 of the company’s stock, valued at $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 SEC, which is available at this link. Also, SVP Christopher Moore Killian sold 3,061 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $105.00, for a total value of $321,405.00. Following the completion of the sale, the senior vice president now directly owns 12,366 shares in the company, valued at approximately $1,298,430. This trade represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,021 shares of company stock valued at $1,895,948 in the last three months. Corporate insiders own 1.93% 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.