Eastman Chemical Company (EMN)

NYSE: EMN · IEX Real-Time Price · USD
76.72
-0.17 (-0.22%)
Sep 29, 2023, 4:02 PM EDT - Market closed
-0.22%
Market Cap 9.10B
Revenue (ttm) 9.82B
Net Income (ttm) 708.00M
Shares Out 118.56M
EPS (ttm) 5.94
PE Ratio 12.92
Forward PE 10.58
Dividend $3.16 (4.12%)
Ex-Dividend Date Sep 14, 2023
Volume 468,846
Open 77.40
Previous Close 76.89
Day's Range 76.16 - 77.65
52-Week Range 70.09 - 92.21
Beta 1.52
Analysts Buy
Price Target 93.25 (+21.55%)
Earnings Date Oct 26, 2023

About EMN

Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performa... [Read more]

Sector Materials
IPO Date Oct 10, 1993
Employees 14,500
Stock Exchange NYSE
Ticker Symbol EMN
Full Company Profile

Financial Performance

In 2022, EMN's revenue was $10.58 billion, an increase of 0.99% compared to the previous year's $10.48 billion. Earnings were $793.00 million, a decrease of -7.47%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for EMN stock is "Buy." The 12-month stock price forecast is $93.25, which is an increase of 21.55% from the latest price.

Price Target
$93.25
(21.55% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Eastman Named to Fortune's Change the World List

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman (NYSE: EMN) today announced it has been recognized as part of Fortune's Change the World list highlighting the companies that embrace corporate purpose and r...

2 days ago - Business Wire

Eastman Board Declares Dividend

KINGSPORT, Tenn.--(BUSINESS WIRE)--The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.79 per share on the company's common stock.

2 months ago - Business Wire

Eastman Announces Second-Quarter 2023 Financial Results

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its second-quarter 2023 financial results.

2 months ago - Business Wire

Eastman Schedules Second-Quarter 2023 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

--(BUSINESS WIRE)--Eastman has scheduled its second-quarter 2023 financial results news release and SEC Form 8-K filing, teleconference and webcast.

3 months ago - Business Wire

Eastman Named to Forbes' Net Zero Leaders List

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman (NYSE: EMN) announced it has been recognized as part of Forbes' first-ever Net Zero Leaders list.

3 months ago - Business Wire

Eastman Secures Significant Feedstock Agreements for Molecular Recycling Facility in France

KINGSPORT, Tenn. , May 11, 2023 /PRNewswire/ -- Eastman (NYSE: EMN) today announced it has secured a significant amount of feedstock needed for its planned molecular recycling facility in Port Jerome ...

5 months ago - PRNewsWire

Eastman Announces 2023 Annual Meeting Stockholder Vote Results

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its 2023 Annual Meeting stockholder vote results.

5 months ago - Business Wire

Eastman Announces First-Quarter 2023 Financial Results

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2023 financial results.

5 months ago - Business Wire

Eastman Schedules First-Quarter 2023 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

--(BUSINESS WIRE)--Eastman has scheduled its first-quarter 2023 financial results news release and SEC Form 8-K filing, teleconference and webcast.

6 months ago - Business Wire

High-Growth, High-Yield Value Stocks Nearing Trigger Points

A screen looking for growth in high-yielding dividend stocks turned up 3 interesting names. These blue-chip stocks trade for less than 20X their earnings outlook, have at least a 5% expected earnings ...

Other symbols: GLWMS
6 months ago - MarketBeat

Eastman Board Elects New Director

KINGSPORT, Tenn.--(BUSINESS WIRE)--The Board of Directors of Eastman Chemical Company (NYSE:EMN) on February 3, 2023 elected Ms. Linnie M. Haynesworth as a director. Haynesworth was most recently th...

8 months ago - Business Wire

Eastman Announces Fourth-Quarter and Full-Year 2022 Financial Results

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced its fourth-quarter and full-year 2022 financial results.

8 months ago - Business Wire

Three value-stock investors favor these six picks for a rocky 2023

Analysts expect value stocks to maintain outperformance over growth stocks as interest rates rise and the economy falters.

Other symbols: GTESLRCXTGTVODWABC
9 months ago - Market Watch

Eastman Increases Dividend for 13th Consecutive Year

KINGSPORT, Tenn.--(BUSINESS WIRE)--The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared a quarterly cash dividend of $0.79 per share on the company's common stock, a 4 percent...

10 months ago - Business Wire

Eastman Announces Third-Quarter 2022 Financial Results

KINGSPORT, Tenn.

1 year ago - Business Wire

Eastman Schedules Third-Quarter 2022 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information

--(BUSINESS WIRE)--Eastman has scheduled its third-quarter 2022 financial results news release and SEC Form 8-K filing, teleconference and webcast.

1 year ago - Business Wire

3 Dividend Stocks for October 2022

#Morningstar  #DividendInvesting #DividendStocks Here are the dividend prospects of three names that are popular with income investors. 0:00 Introduction 0:15 Duke Energy (DUK) 0:56 Citigroup (C) 1:47...

Other symbols: CDUK
1 year ago - Morningstar

2 Deep Value Industrial Stocks Offering High Yields

Investors looking to take advantage of market volatility may want to look for stocks that are trading at significant discounts to their GF Value, a unique intrinsic value calculation from GuruFocus wh...

Other symbols: AVNT
1 year ago - GuruFocus

Interzero and Eastman Reach Long-Term Supply Agreement for Planned Molecular Recycling Facility in France

KINGSPORT, Tenn. , Sept. 22, 2022 /PRNewswire/ -- Interzero and Eastman (NYSE: EMN) today announced a long-term supply agreement for Eastman's previously announced molecular recycling facility in Norm...

1 year ago - PRNewsWire

Eastman Announces New Executive Leadership Appointment

KINGSPORT, Tenn.--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN) announced that Travis Smith has been named Senior Vice President, Additives & Functional Products (AFP).

1 year ago - Business Wire

Eastman to advance a circular future for healthcare packaging with key collaboration

Ethicon to source Eastman Renew materials in industry-leading move to help reduce plastic waste in healthcare KINGSPORT, Tenn. , Sept. 20, 2022 /PRNewswire/ -- Eastman (NYSE: EMN) has announced an agr...

1 year ago - PRNewsWire

Eastman Chemical stock drops after profit outlook slashed on demand slowdown, challenging logistics

Shares of Eastman Chemical Co. EMN, +1.30% slumped 3.0% in premarket trading Tuesday, after the specialty chemicals company cut its third-quarter earnings outlook, citing a slowdown in demand and chal...

1 year ago - Market Watch

Eastman Provides Update on Third-Quarter 2022 Financial Results

KINGSPORT, Tenn.--(BUSINESS WIRE)--Third-quarter 2022 adjusted earnings per share (EPS) are expected to be approximately $2.00.

1 year ago - Business Wire

Eastman CFO Willie McLain to address Credit Suisse Specialties & Basics Conference

--(BUSINESS WIRE)--Willie McLain, SVP and CFO, Eastman Chemical Company (NYSE:EMN), will address the Credit Suisse Specialties & Basics Conference on September 13, 2022.

1 year ago - Business Wire