Zacks Research Issues Pessimistic Outlook for EMN Earnings

Eastman Chemical (NYSE:EMN) – Research analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for shares of Eastman Chemical in a research report issued to clients and investors on Wednesday, January 22nd. Zacks Research analyst R. Department now forecasts that the basic materials company will post earnings of $1.84 per share for the quarter, down from their prior estimate of $1.86. The consensus estimate for Eastman Chemical’s current full-year earnings is $7.60 per share. Zacks Research also issued estimates for Eastman Chemical’s Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.29 EPS and Q1 2026 earnings at $2.01 EPS.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.12. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Eastman Chemical had a return on equity of 15.37% and a net margin of 9.47%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 EPS.

Several other research firms have also issued reports on EMN. Piper Sandler reduced their target price on Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 target price on shares of Eastman Chemical in a report on Friday, November 22nd. Wells Fargo & Company raised Eastman Chemical from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $110.00 to $125.00 in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Eastman Chemical from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Citigroup lowered Eastman Chemical from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $118.00 to $104.00 in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.92.

Eastman Chemical Stock Performance

EMN opened at $93.13 on Friday. The firm has a market cap of $10.79 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. Eastman Chemical has a 52-week low of $80.71 and a 52-week high of $114.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.52. The business’s fifty day moving average is $95.89 and its 200-day moving average is $100.15.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EMN. UMB Bank n.a. boosted its position in Eastman Chemical by 4.3% in the third quarter. UMB Bank n.a. now owns 2,343 shares of the basic materials company’s stock worth $262,000 after purchasing an additional 96 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Eastman Chemical by 3.8% in the third quarter. V Square Quantitative Management LLC now owns 2,683 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 98 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its position in Eastman Chemical by 3.3% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 3,434 shares of the basic materials company’s stock worth $384,000 after purchasing an additional 111 shares during the last quarter. RKL Wealth Management LLC boosted its position in Eastman Chemical by 0.9% in the third quarter. RKL Wealth Management LLC now owns 13,576 shares of the basic materials company’s stock worth $1,520,000 after purchasing an additional 123 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Eastman Chemical by 2.0% in the third quarter. Greenleaf Trust now owns 6,645 shares of the basic materials company’s stock worth $744,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Transactions at Eastman Chemical

In other news, SVP Julie A. Mcalindon sold 4,456 shares of the business’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 completion of the sale, the senior vice president now owns 4,403 shares in the company, valued at $466,013.52. The trade was a 50.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Glenn Crawford sold 10,504 shares of Eastman Chemical stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 47,287 shares in the company, valued at approximately $4,965,135. The trade was a 18.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,021 shares of company stock worth $1,895,948 over the last ninety days. 1.93% of the stock is owned by insiders.

Eastman Chemical Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 16th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.56%. This is an increase from Eastman Chemical’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, December 16th. Eastman Chemical’s dividend payout ratio (DPR) is 44.44%.

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.