Eastman Chemical to Post FY2025 Earnings of $11.33 Per Share, Jefferies Financial Group Forecasts (NYSE:EMN)

Eastman Chemical (NYSE:EMNGet Rating) – Analysts at Jefferies Financial Group lowered their FY2025 earnings per share (EPS) estimates for shares of Eastman Chemical in a note issued to investors on Tuesday, September 13th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings of $11.33 per share for the year, down from their prior estimate of $11.80. Jefferies Financial Group has a “Hold” rating and a $87.00 price objective on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $9.70 per share.

Several other equities research analysts have also commented on EMN. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Eastman Chemical from $115.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com downgraded shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp reduced their price objective on Eastman Chemical from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday. Bank of America lowered their target price on Eastman Chemical from $123.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 13th. Finally, Barclays reduced their price target on Eastman Chemical from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 2nd. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.20.

Eastman Chemical Stock Down 1.0 %

Eastman Chemical stock opened at $81.30 on Thursday. Eastman Chemical has a one year low of $79.51 and a one year high of $129.48. The stock has a fifty day moving average of $93.37 and a 200 day moving average of $100.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.69 and a current ratio of 1.27. The stock has a market cap of $9.98 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.43.

Eastman Chemical (NYSE:EMNGet Rating) last posted its earnings results on Thursday, July 28th. The basic materials company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.14. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.79 billion. Eastman Chemical had a net margin of 11.18% and a return on equity of 20.67%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 EPS.

Institutional Trading of Eastman Chemical

A number of large investors have recently made changes to their positions in the business. Citigroup Inc. raised its position in Eastman Chemical by 16.0% during the fourth quarter. Citigroup Inc. now owns 102,129 shares of the basic materials company’s stock valued at $12,349,000 after purchasing an additional 14,098 shares during the period. Confluence Wealth Services Inc. purchased a new position in Eastman Chemical during the fourth quarter worth $25,000. Equitable Holdings Inc. bought a new position in Eastman Chemical during the fourth quarter valued at $232,000. Donoghue Forlines LLC purchased a new stake in shares of Eastman Chemical in the fourth quarter valued at $797,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Eastman Chemical by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,021,449 shares of the basic materials company’s stock valued at $123,503,000 after acquiring an additional 22,189 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 15th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, September 14th. Eastman Chemical’s dividend payout ratio (DPR) is presently 33.01%.

About Eastman Chemical

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Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins.

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Earnings History and Estimates for Eastman Chemical (NYSE:EMN)

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