Eastman Chemical (EMN) Set to Announce Earnings on Thursday

Eastman Chemical (NYSE:EMN) will issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $2.12 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Eastman Chemical Stock Up 1.2 %

Eastman Chemical stock opened at $106.70 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.40 and a debt-to-equity ratio of 0.76. The firm has a market cap of $12.55 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.81 and a beta of 1.44. The business has a fifty day moving average of $105.39 and a two-hundred day moving average of $100.84. Eastman Chemical has a twelve month low of $72.87 and a twelve month high of $114.50.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 16th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Monday, September 16th. Eastman Chemical’s payout ratio is 41.75%.

Analyst Ratings Changes

EMN has been the topic of several analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $105.00 target price on shares of Eastman Chemical in a research note on Tuesday, July 30th. Bank of America lowered shares of Eastman Chemical from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $114.00 to $119.00 in a research note on Wednesday, October 16th. Mizuho raised their target price on shares of Eastman Chemical from $102.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Barclays upped their price target on Eastman Chemical from $103.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada raised their price objective on Eastman Chemical from $100.00 to $107.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.20.

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.