Eastman Chemical (NYSE:EMN) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Eastman Chemical (NYSE:EMN) released its quarterly earnings results on Thursday. The basic materials company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15, FiscalAI reports. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm earned $1.60 EPS. Eastman Chemical’s revenue for the quarter was up 9.9% on a year-over-year basis. Eastman Chemical updated its Q3 2026 guidance to 1.970-1.970 EPS.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock traded up $2.74 during trading on Thursday, reaching $70.02. The company’s stock had a trading volume of 2,269,424 shares, compared to its average volume of 1,127,505. Eastman Chemical has a one year low of $56.11 and a one year high of $83.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07. The business’s fifty day moving average price is $70.86 and its 200-day moving average price is $72.15.

Eastman Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were paid 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 payout ratio is presently 97.39%.

Institutional Trading of Eastman Chemical

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Eastman Chemical in the fourth quarter worth $202,000. United Capital Financial Advisors LLC grew its position in Eastman Chemical by 70.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 7,373 shares of the basic materials company’s stock worth $465,000 after purchasing an additional 3,049 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Eastman Chemical during the 4th quarter worth about $400,000. Blair William & Co. IL raised its position in shares of Eastman Chemical by 10.1% during the fourth quarter. Blair William & Co. IL now owns 5,024 shares of the basic materials company’s stock valued at $321,000 after buying an additional 459 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in shares of Eastman Chemical in the fourth quarter valued at about $304,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EMN. UBS Group increased their target price on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a research note on Thursday, July 16th. Morgan Stanley decreased their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Finally, Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.50.

Eastman Chemical Company Profile

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.