Eastman Chemical (NYSE:EMN) will be releasing its earnings data after the market closes on Wednesday, January 24th. Analysts expect Eastman Chemical to post earnings of $1.51 per share for the quarter.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.16. Eastman Chemical had a return on equity of 22.77% and a net margin of 10.89%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect Eastman Chemical to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Eastman Chemical (NYSE:EMN) opened at $96.81 on Wednesday. Eastman Chemical has a 1 year low of $74.78 and a 1 year high of $98.24. The stock has a market capitalization of $13,910.00, a price-to-earnings ratio of 14.05, a PEG ratio of 1.44 and a beta of 1.31. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 1.83.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Monday, December 18th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 15th. This is a boost from Eastman Chemical’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 2.31%. Eastman Chemical’s dividend payout ratio (DPR) is 32.51%.

In other news, SVP Perry Stuckey sold 5,200 shares of Eastman Chemical stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $92.12, for a total transaction of $479,024.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.14% of the company’s stock.

EMN has been the topic of a number of recent research reports. Jefferies Group restated a “buy” rating and issued a $96.00 target price on shares of Eastman Chemical in a report on Tuesday, October 3rd. Nomura cut Eastman Chemical from a “buy” rating to a “neutral” rating and set a $91.00 target price on the stock. in a report on Tuesday, October 10th. Wells Fargo & Co restated an “outperform” rating and issued a $102.00 target price (up from $94.00) on shares of Eastman Chemical in a report on Monday, October 30th. They noted that the move was a valuation call. Cowen restated an “outperform” rating and issued a $106.00 target price (up from $92.00) on shares of Eastman Chemical in a report on Friday, December 8th. Finally, Goldman Sachs Group upgraded Eastman Chemical from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $101.00 in a report on Thursday, September 28th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $98.60.

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About Eastman Chemical

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.

Earnings History for Eastman Chemical (NYSE:EMN)

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