Zacks Research Analysts Increase Earnings Estimates for EMN

Eastman Chemical Company (NYSE:EMN) – Equities researchers at Zacks Research increased their Q3 2026 earnings estimates for Eastman Chemical in a note issued to investors on Thursday, August 13th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $1.95 for the quarter, up from their prior estimate of $1.69. The consensus estimate for Eastman Chemical’s current full-year earnings is $6.43 per share. Zacks Research also issued estimates for Eastman Chemical’s Q4 2026 earnings at $1.38 EPS, Q1 2027 earnings at $1.61 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.77 EPS, Q4 2027 earnings at $1.65 EPS, FY2027 earnings at $6.76 EPS, Q1 2028 earnings at $1.55 EPS, Q2 2028 earnings at $1.78 EPS and FY2028 earnings at $6.93 EPS.

Eastman Chemical (NYSE:EMN) last issued its 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 business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS.

EMN has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 price objective on shares of Eastman Chemical in a report on Monday, August 3rd. Morgan Stanley decreased their target price 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. Citigroup dropped their price target 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada lifted their target price on shares of Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.17.

Eastman Chemical Price Performance

Shares of EMN opened at $73.76 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. 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 $8.44 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.06. The firm has a fifty day moving average price of $70.41 and a 200 day moving average price of $72.49.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.6%. Eastman Chemical’s payout ratio is 87.50%.

Institutional Investors Weigh In On Eastman Chemical

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new stake in shares of Eastman Chemical in the fourth quarter valued at about $202,000. Integrated Wealth Concepts LLC boosted its stake in shares of Eastman Chemical by 185.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock worth $589,000 after acquiring an additional 4,345 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock worth $17,098,000 after acquiring an additional 79,376 shares during the period. NewEdge Advisors LLC raised its holdings in Eastman Chemical by 2.6% during the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after purchasing an additional 183 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Eastman Chemical in the first quarter valued at $252,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Eastman Chemical

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

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $1.95 from $1.69, a significant improvement that could indicate stronger-than-expected near-term operating performance. Eastman Chemical analyst estimate report
• Positive Sentiment: Estimates were also increased for Q4 2026 to $1.38 from $1.33, Q1 2027 to $1.61 from $1.52, Q2 2027 to $1.73 from $1.69, and Q3 2027 to $1.77 from $1.70.
• Positive Sentiment: Zacks lifted its FY2027 EPS forecast to $6.76 from $6.59, which is above the current full-year consensus estimate of $6.43 and may strengthen the earnings-growth case for EMN.
• Positive Sentiment: The separate Zacks value-stock commentary identifies Eastman Chemical as an attractive value candidate, potentially supporting investor interest given its $8.44 billion market capitalization and price-to-earnings ratio near 19. Here’s Why Eastman Chemical is a Strong Value Stock
• Neutral Sentiment: FY2028 EPS remains forecast at $6.93, but the estimate is below the prior $7.09 forecast, indicating longer-term expectations have softened despite the FY2027 upgrade.
• Negative Sentiment: Zacks reduced Q4 2027 EPS to $1.65 from $1.67 and Q2 2028 EPS to $1.78 from $1.84, modest downgrades that temper the otherwise positive revision trend.

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.