Eastman Chemical (NYSE:EMN) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

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

Eastman Chemical Trading Down 0.1 %

NYSE:EMN traded down $0.08 during midday trading on Thursday, hitting $92.62. 1,380,090 shares of the company traded hands, compared to its average volume of 1,043,554. The firm has a market capitalization of $10.74 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.67 and a beta of 1.44. Eastman Chemical has a 12-month low of $80.71 and a 12-month high of $114.50. The firm’s fifty day moving average is $95.14 and its 200-day moving average is $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.

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 paid a $0.83 dividend. This is an increase from Eastman Chemical’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.32 dividend on an annualized basis and a yield of 3.58%. Eastman Chemical’s payout ratio is presently 44.44%.

Insider Transactions at Eastman Chemical

In related news, SVP Julie A. Mcalindon sold 4,456 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $105.84, for a total value of $471,623.04. Following the transaction, the senior vice president now owns 4,403 shares in the company, valued at approximately $466,013.52. This represents a 50.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher Moore Killian sold 3,061 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $105.00, for a total transaction 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 $1,298,430. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,021 shares of company stock worth $1,895,948. 1.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on EMN. Piper Sandler decreased their target price on Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Eastman Chemical from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Mizuho raised their price objective on shares of Eastman Chemical from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Bank of America upgraded Eastman Chemical from a “neutral” rating to a “buy” rating and cut their price target for the stock from $115.00 to $109.00 in a report on Tuesday, January 14th. Finally, Wells Fargo & Company raised shares of Eastman Chemical from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $110.00 to $125.00 in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.