Eastman Chemical (EMN) to Release Earnings on Thursday
Eastman Chemical (NYSE:EMN) is scheduled to release its Q114 earnings data on Thursday, April 24th. Analysts expect Eastman Chemical to post earnings of $1.58 per share and revenue of $2.40 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Eastman Chemical (NYSE:EMN) last released its earnings data on Friday, January 31st. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.09. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.22 billion. On average, analysts expect Eastman Chemical to post $6.90 EPS for the current fiscal year and $7.65 EPS for the next fiscal year.
Eastman Chemical (NYSE:EMN) opened at 88.56 on Wednesday. Eastman Chemical has a 1-year low of $63.48 and a 1-year high of $89.09. The stock’s 50-day moving average is $86.0 and its 200-day moving average is $80.50. The company has a market cap of $13.498 billion and a P/E ratio of 11.78.
A number of analysts have recently weighed in on EMN shares. Analysts at Cowen and Company raised their price target on shares of Eastman Chemical from $88.00 to $96.00 in a research note on Tuesday, April 15th. They now have an “outperform” rating on the stock. On a related note, analysts at Wells Fargo & Co. upgraded shares of Eastman Chemical to a “market weight” rating in a research note on Monday, March 31st. Finally, analysts at Ned Davis Research upgraded shares of Eastman Chemical from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Eastman Chemical presently has a consensus rating of “Buy” and a consensus target price of $88.25.
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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