Eastman Chemical (NYSE:EMN) – Research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Eastman Chemical in a report released on Tuesday. Jefferies Group analyst L. Alexander forecasts that the basic materials company will post earnings per share of $2.12 for the quarter. Jefferies Group also issued estimates for Eastman Chemical’s Q2 2018 earnings at $2.15 EPS, Q3 2018 earnings at $2.20 EPS and Q4 2018 earnings at $2.03 EPS.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.56. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.24 billion. Eastman Chemical had a return on equity of 22.67% and a net margin of 15.44%. Eastman Chemical’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 EPS.

EMN has been the subject of a number of other reports. Zacks Investment Research lowered Eastman Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. JPMorgan Chase & Co. increased their price target on Eastman Chemical from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Cowen reaffirmed an “outperform” rating and set a $106.00 target price (up from $92.00) on shares of Eastman Chemical in a research report on Friday, December 8th. KeyCorp reaffirmed a “buy” rating and set a $118.00 target price (up from $108.00) on shares of Eastman Chemical in a research report on Monday, January 8th. Finally, Tudor Pickering started coverage on Eastman Chemical in a research report on Tuesday, November 14th. They set a “hold” rating for the company. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $101.73.

Shares of Eastman Chemical (NYSE EMN) opened at $93.50 on Wednesday. The company has a market capitalization of $14,154.14, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.42 and a beta of 1.33. Eastman Chemical has a 12-month low of $76.02 and a 12-month high of $104.08. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.83 and a quick ratio of 0.94.

In other news, insider Damon Cary Warmack sold 4,417 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $98.60, for a total transaction of $435,516.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.14% of the company’s stock.

Several hedge funds have recently bought and sold shares of EMN. Steward Partners Investment Advisory LLC bought a new position in shares of Eastman Chemical during the 3rd quarter worth $113,000. Balter Liquid Alternatives LLC bought a new position in shares of Eastman Chemical during the 4th quarter worth $115,000. NuWave Investment Management LLC bought a new position in shares of Eastman Chemical during the 4th quarter worth $123,000. Vigilant Capital Management LLC bought a new position in shares of Eastman Chemical during the 4th quarter worth $126,000. Finally, Psagot Investment House Ltd. grew its stake in shares of Eastman Chemical by 60.0% during the 3rd quarter. Psagot Investment House Ltd. now owns 1,600 shares of the basic materials company’s stock worth $145,000 after acquiring an additional 600 shares during the period. Institutional investors own 82.30% of the company’s stock.

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Eastman Chemical Company Profile

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.

Earnings History and Estimates for Eastman Chemical (NYSE:EMN)

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