Eastman Chemical (NYSE:EMN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Eastman Chemical (NYSE:EMN) issued its earnings results on Thursday. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02, FiscalAI reports. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a net margin of 5.42% and a return on equity of 10.57%. The business’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.91 earnings per share. Eastman Chemical updated its Q2 2026 guidance to 1.700-1.900 EPS.

Eastman Chemical Price Performance

Shares of NYSE EMN traded up $2.13 during midday trading on Friday, reaching $75.22. The stock had a trading volume of 213,298 shares, compared to its average volume of 1,625,646. The stock has a 50-day moving average of $72.58 and a 200-day moving average of $68.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.37. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16. Eastman Chemical has a 12-month low of $56.11 and a 12-month high of $84.18.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th were paid a $0.84 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.5%. Eastman Chemical’s dividend payout ratio is 82.15%.

Institutional Trading of Eastman Chemical

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Eastman Chemical by 6.2% in the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock valued at $164,000 after buying an additional 150 shares during the period. Jacobi Capital Management LLC grew its holdings in Eastman Chemical by 3.2% in the 4th quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock valued at $318,000 after buying an additional 153 shares during the period. NewEdge Advisors LLC grew its holdings in Eastman Chemical by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after buying an additional 183 shares during the period. Captrust Financial Advisors grew its holdings in Eastman Chemical by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 32,372 shares of the basic materials company’s stock valued at $2,066,000 after buying an additional 245 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Eastman Chemical by 7.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,503 shares of the basic materials company’s stock valued at $221,000 after buying an additional 249 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Evercore set a $75.00 target price on shares of Eastman Chemical in a research report on Wednesday, February 18th. KeyCorp reaffirmed an “overweight” rating on shares of Eastman Chemical in a research report on Monday, February 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $79.00 target price on shares of Eastman Chemical in a research report on Wednesday, February 4th. Finally, Weiss Ratings raised shares of Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $76.36.

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.