Eastman Chemical Co (EMN) Releases FY12 Earnings Guidance
Eastman Chemical Co (EMN) issued an update on its FY12 earnings guidance on Thursday morning. The company provided EPS guidance of $5.30-5.40 for the period.
Shares of Eastman Chemical Co (EMN) traded down 1.49% during mid-day trading on Thursday, hitting $53.65. Eastman Chemical Co (EMN) has a 52 week low of $35.40 and a 52 week high of $59.56. The company has a market cap of $7.416 billion and a P/E ratio of 13.40.
Eastman Chemical last announced its earnings results on Thursday, October 25th. The company reported $1.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.15. Eastman Chemical’s revenue was up 24.7% compared to the same quarter last year. On average, analysts predict that Eastman Chemical Co (EMN) will post $5.26 earnings per share for the current fiscal year.
EMN has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a hold rating on shares of Eastman Chemical in a research note to investors on Wednesday, October 17th. They now have a $61.00 price target on the stock. On a related note, analysts at RBC Capital reiterated a sector perform rating on shares of Eastman Chemical in a research note to investors on Monday, October 8th. They now have a $66.00 price target on the stock. Finally, analysts at Gilford Securities downgraded shares of Eastman Chemical from a buy rating to a hold rating in a research note to investors on Monday, October 8th.
Eastman Chemical Company (Eastman) is a global chemical company, which manufactures and sells a portfolio of chemicals, plastics, and fibers.
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