4 days Ago By ABMN Staff
Eastman Chemical ( NYSE:EMN – Get Free Report ) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $100.
92. Several equities analysts have commented on EMN shares. StockNews.
com cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research report on Monday. Barclays cut their price target on shares of Eastman Chemical from $111.00 to $108.
00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group dropped their price target on shares of Eastman Chemical from $112.00 to $87.
00 and set a “neutral” rating on the stock in a research note on Monday. UBS Group dropped their price target on Eastman Chemical from $123.00 to $115.
00 and set a “buy” rating for the company in a research note on Monday, April 7th. Finally, Piper Sandler dropped their price objective on shares of Eastman Chemical from $105.00 to $99.
00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Read Our Latest Research Report on Eastman Chemical Hedge Funds Weigh In On Eastman Chemical Eastman Chemical Price Performance Shares of NYSE:EMN opened at $75.69 on Tuesday.
Eastman Chemical has a twelve month low of $70.90 and a twelve month high of $114.50.
The stock’s 50 day moving average is $86.87 and its 200-day moving average is $94.64.
The company has a quick ratio of 0.78, a current ratio of 1.51 and a debt-to-equity ratio of 0.
78. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 9.
86, a PEG ratio of 1.22 and a beta of 1.38.
Eastman Chemical ( NYSE:EMN – Get Free Report ) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
89 by $0.02. The business had revenue of $2.
29 billion during the quarter, compared to the consensus estimate of $2.35 billion. Eastman Chemical had a return on equity of 16.
27% and a net margin of 9.65%. Eastman Chemical’s revenue was down .
9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share.
Sell-side analysts forecast that Eastman Chemical will post 8.55 EPS for the current fiscal year. Eastman Chemical Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th.
Shareholders of record on Friday, March 14th were given a $0.83 dividend. The ex-dividend date was Friday, March 14th.
This represents a $3.32 annualized dividend and a yield of 4.39%.
Eastman Chemical’s dividend payout ratio (DPR) is 42.24%. Eastman Chemical Company Profile ( Get Free Report 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. See Also Receive News & Ratings for Eastman Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastman Chemical and related companies with MarketBeat.com's FREE daily email newsletter .
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