Eastman Chemical Co (NYSE: EMN) updated its FY13 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.30-6.40 for the period, compared to the Thomson Reuters consensus estimate of $6.41, AnalystRatingsNetwork.com reports.
Several analysts have also recently commented on the stock. Analysts at SunTrust reiterated a buy rating on shares of Eastman Chemical in a research note to investors on Thursday, March 28th. They now have a $80.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Eastman Chemical in a research note to investors on Friday, February 8th. They now have a $76.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Eastman Chemical from $71.00 to $79.00 in a research note to investors on Friday, February 8th. They now have a hold rating on the stock.
Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $76.44.
Eastman Chemical Co (NYSE: EMN) traded up 1.11% on Thursday, hitting $72.65. Eastman Chemical Co has a 1-year low of $41.54 and a 1-year high of $75.18. The stock’s 50-day moving average is currently $69.87. The company has a market cap of $11.180 billion and a price-to-earnings ratio of 24.55.
Eastman Chemical (NYSE: EMN) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.05. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. Eastman Chemical has set its FY13 guidance at $6.30-6.40 EPS. Analysts expect that Eastman Chemical Co will post $6.41 EPS for the current fiscal year.
Eastman Chemical Company (NYSE: EMN) is a global chemical company, which manufactures and sells a portfolio of chemicals, plastics, and fibers.
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