Eastman Chemical (NYSE:EMN) Updates Q3 2026 Earnings Guidance

Eastman Chemical (NYSE:EMN) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.970-1.970 for the period, compared to the consensus earnings per share estimate of 1.920. The company issued revenue guidance of -.

Eastman Chemical Stock Performance

Shares of NYSE EMN traded up $2.74 during mid-day trading on Thursday, hitting $70.02. The company had a trading volume of 2,269,424 shares, compared to its average volume of 1,467,700. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The firm has a market cap of $8.01 billion, a P/E ratio of 20.30, a PEG ratio of 0.88 and a beta of 1.07. The business’s 50-day simple moving average is $70.86 and its 200-day simple moving average is $72.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, analysts predict that Eastman Chemical will post 6.3 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were given a dividend of $0.84 per share. The ex-dividend date was Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.8%. Eastman Chemical’s payout ratio is currently 97.39%.

Analyst Upgrades and Downgrades

EMN has been the subject of a number of recent research reports. Royal Bank Of Canada upped their target price on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research note on Friday, May 1st. UBS Group boosted their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $82.00 price objective on shares of Eastman Chemical in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.50.

Hedge Funds Weigh In On Eastman Chemical

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Eastman Chemical in the 4th quarter worth approximately $202,000. Occudo Quantitative Strategies LP increased its stake in shares of Eastman Chemical by 42.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 6,840 shares of the basic materials company’s stock valued at $511,000 after buying an additional 2,037 shares during the period. Blair William & Co. IL increased its position in Eastman Chemical by 10.1% in the fourth quarter. Blair William & Co. IL now owns 5,024 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 459 shares during the period. Jump Financial LLC raised its holdings in Eastman Chemical by 12.3% during the 4th quarter. Jump Financial LLC now owns 4,956 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 544 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Eastman Chemical by 15.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 4,320 shares of the basic materials company’s stock worth $276,000 after purchasing an additional 589 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.