Eastman Chemical (NYSE:EMN) Issues Quarterly Earnings Results

Eastman Chemical (NYSE:EMN) posted its quarterly earnings data on Thursday. The basic materials company reported $1.87 EPS for the quarter, topping 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 Price Performance

EMN traded down $0.08 during midday trading on Thursday, hitting $92.62. 1,381,205 shares of the company traded hands, compared to its average volume of 1,043,554. Eastman Chemical has a 52-week low of $80.71 and a 52-week high of $114.50. The business has a 50 day simple moving average of $95.14 and a two-hundred day simple moving average of $100.07. The company has a current ratio of 1.52, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.67 and a beta of 1.44.

Eastman Chemical Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 16th were paid a dividend of $0.83 per share. This is a positive change from Eastman Chemical’s previous quarterly dividend of $0.81. This represents a $3.32 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Monday, December 16th. Eastman Chemical’s dividend payout ratio is presently 44.44%.

Insiders Place Their Bets

In other Eastman Chemical news, EVP Stephen Glenn Crawford sold 10,504 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,102,920.00. Following the sale, the executive vice president now owns 47,287 shares of the company’s stock, valued at approximately $4,965,135. This trade represents a 18.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Moore Killian sold 3,061 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $1,298,430. The trade was a 19.84 % decrease in their ownership of the stock. 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 90 days. 1.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EMN shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Eastman Chemical from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Citigroup cut Eastman Chemical from a “buy” rating to a “neutral” rating and lowered their price target for the company from $118.00 to $104.00 in a report on Wednesday, December 18th. Wells Fargo & Company upgraded Eastman Chemical from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $110.00 to $125.00 in a research report on Tuesday, November 26th. Piper Sandler decreased their price objective on Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho upped their price target on shares of Eastman Chemical from $113.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.92.

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.