Eastman Chemical (NYSE:EMN) Releases FY 2025 Earnings Guidance

Eastman Chemical (NYSE:EMN) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 8.000-8.750 for the period, compared to the consensus estimate of 8.460. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EMN. Piper Sandler reduced their price target on shares of Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company upgraded Eastman Chemical from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $110.00 to $125.00 in a research note on Tuesday, November 26th. Bank of America upgraded Eastman Chemical from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $115.00 to $109.00 in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft decreased their price target on Eastman Chemical from $115.00 to $110.00 and set a “hold” rating for the company in a report on Monday, November 4th. Finally, StockNews.com raised shares of Eastman Chemical from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.92.

Eastman Chemical Price Performance

Shares of NYSE:EMN traded up $7.64 during trading on Friday, reaching $100.31. The stock had a trading volume of 887,378 shares, compared to its average volume of 1,028,652. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.52. Eastman Chemical has a 1-year low of $80.71 and a 1-year high of $114.50. The stock has a market cap of $11.63 billion, a PE ratio of 13.40, a PEG ratio of 0.68 and a beta of 1.44. The business has a fifty day moving average price of $94.92 and a 200-day moving average price of $100.01.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.27. Eastman Chemical had a net margin of 9.47% and a return on equity of 15.37%. On average, equities analysts forecast that Eastman Chemical will post 7.6 earnings per share for the current fiscal year.

Eastman Chemical Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Monday, December 16th were issued a $0.83 dividend. This is an increase from Eastman Chemical’s previous quarterly dividend of $0.81. The ex-dividend date was Monday, December 16th. This represents a $3.32 dividend on an annualized basis and a yield of 3.31%. Eastman Chemical’s dividend payout ratio is presently 44.44%.

Insider Activity

In other Eastman Chemical news, SVP Julie A. Mcalindon sold 4,456 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $105.84, for a total transaction of $471,623.04. Following the completion of the sale, the senior vice president now owns 4,403 shares of the company’s stock, valued at $466,013.52. This trade represents a 50.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Glenn Crawford sold 10,504 shares of Eastman Chemical stock in a transaction on 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 completion of the sale, the executive vice president now owns 47,287 shares in the company, valued at $4,965,135. This represents a 18.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,021 shares of company stock worth $1,895,948 over the last ninety days. 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.