Zacks Research Expects Lower Earnings for Eastman Chemical

Eastman Chemical Company (NYSE:EMN) – Equities research analysts at Zacks Research cut their Q3 2026 earnings estimates for Eastman Chemical in a research report issued to clients and investors on Friday, March 6th. Zacks Research analyst Team now anticipates that the basic materials company will earn $1.64 per share for the quarter, down from their previous forecast of $1.68. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $8.55 per share. Zacks Research also issued estimates for Eastman Chemical’s Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $5.61 EPS, Q2 2027 earnings at $1.59 EPS, Q3 2027 earnings at $1.64 EPS, Q4 2027 earnings at $1.66 EPS, FY2027 earnings at $6.56 EPS and FY2028 earnings at $7.18 EPS.

EMN has been the topic of several other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $79.00 price objective on shares of Eastman Chemical in a research note on Wednesday, February 4th. Bank of America raised their target price on shares of Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $70.00 price target on shares of Eastman Chemical in a report on Friday, December 19th. Evercore set a $75.00 price objective on Eastman Chemical in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on Eastman Chemical from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.21.

Eastman Chemical Price Performance

Shares of Eastman Chemical stock opened at $70.38 on Monday. Eastman Chemical has a 52 week low of $56.11 and a 52 week high of $99.89. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.03 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company’s 50-day moving average price is $72.20 and its two-hundred day moving average price is $66.32.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Eastman Chemical had a net margin of 5.42% and a return on equity of 10.57%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business posted $1.87 earnings per share. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year.

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 13th. Eastman Chemical’s payout ratio is 82.15%.

Institutional Trading of Eastman Chemical

Hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC increased its stake in Eastman Chemical by 3,448.7% in the 4th quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock valued at $108,246,000 after buying an additional 1,648,054 shares during the period. Norges Bank acquired a new stake in shares of Eastman Chemical during the 2nd quarter valued at $121,060,000. State Street Corp grew its holdings in shares of Eastman Chemical by 24.3% during the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Eastman Chemical by 97.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock valued at $119,672,000 after acquiring an additional 916,023 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Eastman Chemical by 101.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock worth $91,009,000 after acquiring an additional 718,502 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.