Eastman Chemical (NYSE:EMN) Issues Earnings Results

Eastman Chemical (NYSE:EMN) issued its quarterly earnings results on Thursday. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15, FiscalAI reports. Eastman Chemical had a return on equity of 9.53% and a net margin of 4.99%.The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company earned $1.60 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Eastman Chemical updated its Q3 2026 guidance to 1.970-1.970 EPS.

Eastman Chemical Stock Down 0.0%

Eastman Chemical stock traded down $0.03 during trading on Friday, reaching $70.04. 1,803,065 shares of the company’s stock were exchanged, compared to its average volume of 1,184,657. Eastman Chemical has a 52-week low of $56.11 and a 52-week high of $83.47. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.90 and a beta of 1.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. The company’s 50-day moving average is $70.72 and its two-hundred day moving average is $72.15.

Eastman Chemical Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on EMN. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 target price on shares of Eastman Chemical in a research report on Tuesday, May 5th. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada boosted their price objective on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Eastman Chemical in a research report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in shares of Eastman Chemical by 24.3% in the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after buying an additional 1,112,391 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Eastman Chemical by 576.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 707,304 shares of the basic materials company’s stock worth $44,596,000 after acquiring an additional 602,677 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Eastman Chemical by 13.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,597,875 shares of the basic materials company’s stock worth $293,486,000 after acquiring an additional 545,219 shares during the period. Two Sigma Investments LP grew its position in Eastman Chemical by 244.5% in the third quarter. Two Sigma Investments LP now owns 604,783 shares of the basic materials company’s stock valued at $38,132,000 after acquiring an additional 429,247 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Eastman Chemical by 1,491.4% during the fourth quarter. Public Sector Pension Investment Board now owns 394,836 shares of the basic materials company’s stock worth $25,202,000 after purchasing an additional 370,026 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Key Stories Impacting Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Eastman reported adjusted earnings of $1.97 per share, above the $1.82 consensus estimate, while revenue reached $2.51 billion versus expectations of $2.40 billion. Earnings increased from $1.60 per share in the year-ago quarter. Eastman Chemical Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher sales volumes and mix contributed roughly 5% growth, while pricing added about 4%. Reported EBIT rose to $311 million from $222 million, demonstrating meaningful operating leverage. EMN Q2 Earnings Beat on Volume Growth and Higher Pricing
• Positive Sentiment: Management set third-quarter 2026 EPS guidance at approximately $1.97, above the $1.92 consensus estimate, and expects full-year operating cash flow to approach $900 million. Eastman Chemical Earnings Report
• Neutral Sentiment: Performance was uneven by segment: Chemical Intermediates sales surged 39%, while Advanced Materials and Additives & Functional Products each rose 5%; Fibers sales declined 11%. Eastman Chemical Q2 Earnings Snapshot
• Negative Sentiment: Operating cash flow was $224 million, slightly below the prior-year figure of $233 million, and the company remains exposed to geopolitical, raw-material and demand volatility. Commentary suggesting benefits from the Iran conflict may reflect temporary pricing or supply effects rather than durable growth. Eastman Chemical Benefits From Iran Conflict

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.