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

Eastman Chemical (NYSE:EMN) updated its third quarter 2026 earnings guidance on Thursday. 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 Trading Down 0.0%

Shares of NYSE EMN traded down $0.03 during mid-day trading on Friday, hitting $70.04. The company’s stock had a trading volume of 1,803,065 shares, compared to its average volume of 1,184,657. Eastman Chemical has a one year low of $56.11 and a one year high of $83.47. The company’s fifty day simple moving average is $70.72 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. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.53%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. Eastman Chemical’s revenue for the quarter was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, sell-side analysts anticipate that Eastman Chemical will post 6.3 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 15th were given a $0.84 dividend. 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 dividend payout ratio is currently 97.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EMN shares. Morgan Stanley dropped their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday, May 1st. Wall Street Zen upgraded Eastman Chemical from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $82.00 target price on shares of Eastman Chemical in a research note on Tuesday, May 5th. Finally, Citigroup cut their price objective on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Eastman Chemical presently has an average rating of “Moderate Buy” and an average target price of $80.50.

More Eastman Chemical News

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp increased 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 during the period. Arrowstreet Capital Limited Partnership grew its holdings 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Eastman Chemical by 13.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,597,875 shares of the basic materials company’s stock worth $293,486,000 after purchasing an additional 545,219 shares during the period. Two Sigma Investments LP increased its holdings 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 purchasing an additional 429,247 shares during the period. Finally, Public Sector Pension Investment Board grew its position in shares of Eastman Chemical by 1,491.4% in the 4th quarter. Public Sector Pension Investment Board now owns 394,836 shares of the basic materials company’s stock valued at $25,202,000 after buying an additional 370,026 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.