Eastman Chemical (EMN) Projected to Post Earnings on Thursday

Eastman Chemical (NYSE:EMN) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $2.32 billion for the quarter. Eastman Chemical has set its Q2 2025 guidance at 1.700-1.900 EPS.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, April 24th. The basic materials company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.89 by $0.02. Eastman Chemical had a return on equity of 16.59% and a net margin of 9.85%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. On average, analysts expect Eastman Chemical to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Eastman Chemical Stock Performance

Shares of EMN stock opened at $77.51 on Thursday. The business’s 50 day simple moving average is $79.06 and its 200 day simple moving average is $85.73. Eastman Chemical has a one year low of $70.90 and a one year high of $114.50. The stock has a market capitalization of $8.95 billion, a PE ratio of 9.86, a PEG ratio of 1.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.72 and a quick ratio of 0.79.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Friday, June 13th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.28%. The ex-dividend date was Friday, June 13th. Eastman Chemical’s payout ratio is presently 42.24%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays cut their price target on Eastman Chemical from $108.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Wall Street Zen cut Eastman Chemical from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Morgan Stanley cut their price target on Eastman Chemical from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Wells Fargo & Company cut their price target on Eastman Chemical from $125.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, KeyCorp cut their price target on Eastman Chemical from $106.00 to $93.00 and set an “overweight” rating on the stock in a report on Monday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.08.

Hedge Funds Weigh In On Eastman Chemical

A number of institutional investors have recently modified their holdings of the company. Focus Partners Wealth raised its position in shares of Eastman Chemical by 28.4% during the first quarter. Focus Partners Wealth now owns 6,403 shares of the basic materials company’s stock worth $564,000 after purchasing an additional 1,415 shares during the period. Woodline Partners LP raised its position in shares of Eastman Chemical by 39.8% during the first quarter. Woodline Partners LP now owns 9,730 shares of the basic materials company’s stock worth $857,000 after purchasing an additional 2,769 shares during the period. United Services Automobile Association acquired a new position in shares of Eastman Chemical during the first quarter worth approximately $252,000. NewEdge Advisors LLC raised its position in shares of Eastman Chemical by 2.6% during the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after purchasing an additional 183 shares during the period. Finally, Millennium Management LLC raised its position in Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after buying an additional 79,376 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

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.