Eastman Chemical (NYSE:EMN) Issues FY 2025 Earnings Guidance

Eastman Chemical (NYSE:EMN) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 5.400-5.65 for the period, compared to the consensus EPS estimate of 5.800. The company issued revenue guidance of -.

Eastman Chemical Price Performance

Eastman Chemical stock opened at $60.77 on Wednesday. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 6.16 and a beta of 1.29. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. Eastman Chemical has a 12 month low of $56.75 and a 12 month high of $107.50. The stock’s 50 day moving average is $63.94 and its 200-day moving average is $71.54.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.04). Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business earned $2.26 EPS. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. Eastman Chemical has set its FY 2025 guidance at 5.400-5.65 EPS. Equities research analysts expect that Eastman Chemical will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, September 15th. Eastman Chemical’s payout ratio is presently 46.63%.

Analysts Set New Price Targets

Several equities analysts have weighed in on EMN shares. Weiss Ratings raised Eastman Chemical from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Bank of America lowered their price objective on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. KeyCorp set a $79.00 target price on Eastman Chemical and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup boosted their price target on Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Wells Fargo & Company raised their price objective on Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Eastman Chemical by 2.6% during the 1st 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. MUFG Securities EMEA plc bought a new position in shares of Eastman Chemical during the second quarter worth about $25,000. Smartleaf Asset Management LLC boosted its holdings in Eastman Chemical by 21.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,386 shares of the basic materials company’s stock valued at $258,000 after acquiring an additional 598 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Eastman Chemical by 181.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 958 shares of the basic materials company’s stock worth $72,000 after purchasing an additional 618 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Eastman Chemical by 2.1% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,322 shares of the basic materials company’s stock worth $3,769,000 after purchasing an additional 1,043 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

About Eastman Chemical

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.