Eastman Chemical (NYSE:EMN) Releases Earnings Results, Beats Estimates By $0.27 EPS

Eastman Chemical (NYSE:EMN) posted its quarterly earnings results on Thursday. The basic materials company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.27, Zacks reports. Eastman Chemical had a return on equity of 15.37% and a net margin of 9.47%. Eastman Chemical updated its FY 2025 guidance to 8.000-8.750 EPS.

Eastman Chemical Stock Down 0.1 %

Shares of EMN stock traded down $0.08 during trading hours on Thursday, reaching $92.62. The company had a trading volume of 1,380,090 shares, compared to its average volume of 1,043,554. The stock’s fifty day simple moving average is $95.14 and its 200 day simple moving average is $100.07. The company has a market capitalization of $10.74 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.52. Eastman Chemical has a twelve month low of $80.71 and a twelve month high of $114.50.

Eastman Chemical Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 16th were given a $0.83 dividend. This is an increase from Eastman Chemical’s previous quarterly dividend of $0.81. The ex-dividend date was Monday, December 16th. This represents a $3.32 annualized dividend and a dividend yield of 3.58%. Eastman Chemical’s dividend payout ratio is presently 44.44%.

Insiders Place Their Bets

In other news, EVP Stephen Glenn Crawford sold 10,504 shares of the business’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 completion of the sale, the executive vice president now owns 47,287 shares of the company’s stock, valued at approximately $4,965,135. The trade was a 18.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Julie A. Mcalindon sold 4,456 shares of the stock in a transaction dated 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 in the company, valued at $466,013.52. The trade was a 50.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,021 shares of company stock worth $1,895,948 in the last 90 days. 1.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EMN has been the topic of several research reports. Wells Fargo & Company raised Eastman Chemical from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $110.00 to $125.00 in a report on Tuesday, November 26th. Royal Bank of Canada restated a “sector perform” rating and set a $105.00 target price on shares of Eastman Chemical in a research report on Friday, November 22nd. Piper Sandler decreased their price objective on Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Eastman Chemical from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, Mizuho increased their target price on Eastman Chemical from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.92.

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.