Zacks Research Expects Lower Earnings for Eastman Chemical

Eastman Chemical Company (NYSE:EMN) – Analysts at Zacks Research decreased their Q1 2028 earnings per share estimates for Eastman Chemical in a report issued on Wednesday, May 13th. Zacks Research analyst Team now forecasts that the basic materials company will earn $1.54 per share for the quarter, down from their previous forecast of $1.68. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $6.33 per share. Zacks Research also issued estimates for Eastman Chemical’s FY2028 earnings at $7.09 EPS.

A number of other analysts have also commented on EMN. JPMorgan Chase & Co. lifted their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Evercore set a $75.00 price objective on Eastman Chemical in a research note on Wednesday, February 18th. Morgan Stanley raised their target price on Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. UBS Group upped their price target on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Citigroup lifted their price objective on shares of Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

Eastman Chemical Stock Down 1.7%

Shares of NYSE:EMN opened at $72.57 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 0.94 and a beta of 1.04. The company has a 50 day moving average of $72.33 and a 200-day moving average of $68.84. Eastman Chemical has a one year low of $56.11 and a one year high of $83.47.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the business posted $1.91 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS.

Hedge Funds Weigh In On Eastman Chemical

Several institutional investors have recently modified their holdings of the business. Lido Advisors LLC raised its holdings in Eastman Chemical by 0.6% during the 4th quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock worth $1,297,000 after buying an additional 125 shares during the period. Generali Asset Management SPA SGR increased its position in shares of Eastman Chemical by 9.6% during the fourth quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 149 shares in the last quarter. UMB Bank n.a. increased its position in shares of Eastman Chemical by 6.2% during the fourth quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 150 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in shares of Eastman Chemical by 3.2% during the fourth quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock worth $318,000 after acquiring an additional 153 shares during the period. Finally, QRG Capital Management Inc. lifted its position in Eastman Chemical by 0.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock valued at $1,472,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio is 97.39%.

About Eastman Chemical

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.