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

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

Eastman Chemical Stock Up 8.2 %

Eastman Chemical stock traded up $7.64 during mid-day trading on Friday, reaching $100.31. 887,378 shares of the company’s stock were exchanged, compared to its average volume of 1,028,652. The company has a fifty day moving average of $94.92 and a 200-day moving average of $100.01. The company has a market cap of $11.63 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.68 and a beta of 1.44. The company has a quick ratio of 0.78, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. Eastman Chemical has a twelve month low of $80.71 and a twelve month high of $114.50.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.27. Eastman Chemical had a return on equity of 15.37% and a net margin of 9.47%. Sell-side analysts expect that Eastman Chemical will post 7.6 EPS for the current year.

Eastman Chemical Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. 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 report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Eastman Chemical from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Citigroup cut Eastman Chemical from a “buy” rating to a “neutral” rating and cut their target price for the stock from $118.00 to $104.00 in a research report on Wednesday, December 18th. Piper Sandler decreased their target price on Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Bank of America raised 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 research report on Tuesday, January 14th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.92.

Insider Transactions at Eastman Chemical

In other Eastman Chemical news, EVP Stephen Glenn Crawford sold 10,504 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 47,287 shares of the company’s stock, valued at $4,965,135. This represents a 18.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Julie A. Mcalindon sold 4,456 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 4,403 shares of the company’s stock, valued at approximately $466,013.52. This trade represents a 50.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,021 shares of company stock valued at $1,895,948 in the last ninety days. 1.93% of the stock is currently owned by company insiders.

Eastman Chemical Company Profile

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.