Eastman Chemical (EMN) Set to Announce Earnings on Friday
Eastman Chemical (NYSE:EMN) is scheduled to be posting its Q413 quarterly earnings results on Friday, January 31st. Analysts expect Eastman Chemical to post earnings of $1.25 per share and revenue of $2.22 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Shares of Eastman Chemical (NYSE:EMN) opened at 74.69 on Thursday. Eastman Chemical has a one year low of $63.48 and a one year high of $82.96. The stock has a 50-day moving average of $77.51 and a 200-day moving average of $77.79. The company has a market cap of $11.492 billion and a price-to-earnings ratio of 15.43.
Several analysts have recently commented on the stock. Analysts at UBS AG initiated coverage on shares of Eastman Chemical in a research note to investors on Tuesday, December 17th. They set a “buy” rating and a $92.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. upgraded shares of Eastman Chemical from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, November 8th. They now have a $83.00 price target on the stock, up previously from $82.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Eastman Chemical in a research note to investors on Monday, November 4th. They now have a $82.00 price target on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $87.00.
Eastman Chemical Company (NYSE:EMN) is a global specialty chemicals company that produces a range of advanced materials, chemicals and fibers that are found in products people use every day.
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