Q3 Earnings Forecast for EMN Issued By KeyCorp

Eastman Chemical Company (NYSE:EMN) – KeyCorp issued their Q3 2026 earnings estimates for shares of Eastman Chemical in a note issued to investors on Thursday, September 10th. KeyCorp analyst S. Tiano anticipates that the basic materials company will post earnings per share of $1.94 for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $6.50 per share. KeyCorp also issued estimates for Eastman Chemical’s Q4 2026 earnings at $1.30 EPS, FY2026 earnings at $6.30 EPS, FY2027 earnings at $6.70 EPS and FY2028 earnings at $7.90 EPS.

EMN has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research report on Thursday, August 13th. Citigroup cut their target price on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Morgan Stanley reduced their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a report on Thursday, July 16th. Finally, UBS Group increased their target price on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Eastman Chemical has an average rating of “Hold” and a consensus target price of $79.17.

Eastman Chemical Price Performance

EMN stock opened at $68.33 on Friday. The stock has a 50-day moving average price of $70.76 and a two-hundred day moving average price of $71.93. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $83.47. The stock has a market cap of $7.82 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS.

Institutional Investors Weigh In On Eastman Chemical

A number of institutional investors and hedge funds have recently modified their holdings of EMN. BlackRock Inc. bought a new stake in Eastman Chemical in the 2nd quarter valued at $1,134,421,000. California State Teachers Retirement System boosted its position in Eastman Chemical by 6,459.7% during the second quarter. California State Teachers Retirement System now owns 8,871,367 shares of the basic materials company’s stock worth $594,204,000 after purchasing an additional 8,736,126 shares during the period. HighTower Advisors LLC increased its holdings in shares of Eastman Chemical by 3,448.7% in the fourth quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock valued at $108,246,000 after purchasing an additional 1,648,054 shares during the last quarter. Norges Bank bought a new position in shares of Eastman Chemical in the fourth quarter valued at about $95,621,000. Finally, Legal & General Group Plc bought a new position in shares of Eastman Chemical in the second quarter valued at about $87,583,000. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical’s dividend payout ratio (DPR) is 87.50%.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.