Zacks Research Forecasts Lower Earnings for Eastman Chemical

Eastman Chemical (NYSE:EMN) – Equities researchers at Zacks Research dropped their Q1 2025 earnings per share estimates for Eastman Chemical in a report released on Wednesday, January 22nd. Zacks Research analyst R. Department now forecasts that the basic materials company will post earnings per share of $1.84 for the quarter, down from their prior estimate of $1.86. The consensus estimate for Eastman Chemical’s current full-year earnings is $7.60 per share. Zacks Research also issued estimates for Eastman Chemical’s Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.29 EPS and Q1 2026 earnings at $2.01 EPS.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, October 31st. The basic materials company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.38 billion. Eastman Chemical had a return on equity of 15.37% and a net margin of 9.47%. Eastman Chemical’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share.

A number of other analysts also recently issued reports on EMN. Bank of America raised Eastman Chemical from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $115.00 to $109.00 in a report on Tuesday, January 14th. StockNews.com raised Eastman Chemical from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. Piper Sandler decreased their price target on Eastman Chemical from $105.00 to $102.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Mizuho lifted their target price on Eastman Chemical from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Eastman Chemical from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.92.

Eastman Chemical Stock Down 1.1 %

Shares of NYSE EMN opened at $92.10 on Friday. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.78. The business has a 50-day moving average of $95.70 and a two-hundred day moving average of $100.17. Eastman Chemical has a 1 year low of $80.71 and a 1 year high of $114.50.

Hedge Funds Weigh In On Eastman Chemical

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Eastman Chemical by 30.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 610 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 144 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Eastman Chemical during the 2nd quarter worth approximately $470,000. AE Wealth Management LLC acquired a new stake in Eastman Chemical during the 2nd quarter valued at $240,000. Ensign Peak Advisors Inc increased its position in Eastman Chemical by 21.0% during the second quarter. Ensign Peak Advisors Inc now owns 46,288 shares of the basic materials company’s stock worth $4,535,000 after buying an additional 8,035 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Eastman Chemical by 65.0% in the second quarter. Public Sector Pension Investment Board now owns 4,451 shares of the basic materials company’s stock valued at $436,000 after acquiring an additional 1,753 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity at Eastman Chemical

In other Eastman Chemical news, EVP Stephen Glenn Crawford sold 10,504 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $105.00, for a total transaction of $1,102,920.00. Following the transaction, the executive vice president now owns 47,287 shares in the company, valued at approximately $4,965,135. The trade was a 18.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Christopher Moore Killian sold 3,061 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $105.00, for a total value of $321,405.00. Following the transaction, the senior vice president now owns 12,366 shares in the company, valued at $1,298,430. The trade was a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,021 shares of company stock worth $1,895,948 in the last quarter. Company insiders own 1.93% of the company’s stock.

Eastman Chemical Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 16th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.60%. The ex-dividend date was Monday, December 16th. This is a boost from Eastman Chemical’s previous quarterly dividend of $0.81. Eastman Chemical’s payout ratio is 44.44%.

About Eastman Chemical

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.