Zacks Research Issues Pessimistic Estimate for EMN Earnings

Eastman Chemical Company (NYSE:EMN) – Zacks Research lowered their Q3 2026 EPS estimates for shares of Eastman Chemical in a note issued to investors on Friday, March 6th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $1.64 for the quarter, down from their previous forecast of $1.68. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $8.55 per share. Zacks Research also issued estimates for Eastman Chemical’s Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $5.61 EPS, Q2 2027 earnings at $1.59 EPS, Q3 2027 earnings at $1.64 EPS, Q4 2027 earnings at $1.66 EPS, FY2027 earnings at $6.56 EPS and FY2028 earnings at $7.18 EPS.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.03 billion. Eastman Chemical had a net margin of 5.42% and a return on equity of 10.57%. The company’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.87 earnings per share.

Several other brokerages have also issued reports on EMN. Bank of America raised their target price on Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Citigroup upped their price target on Eastman Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Evercore set a $75.00 price objective on Eastman Chemical in a research report on Wednesday, February 18th. KeyCorp reaffirmed an “overweight” rating on shares of Eastman Chemical in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. upped their target price on Eastman Chemical from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $79.21.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock opened at $69.49 on Monday. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 1.56 and a beta of 1.20. Eastman Chemical has a twelve month low of $56.11 and a twelve month high of $99.89. The company’s fifty day moving average is $72.31 and its 200 day moving average is $66.35. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.70.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, March 13th. Eastman Chemical’s dividend payout ratio (DPR) is presently 82.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EMN. Vanguard Group Inc. grew its stake in Eastman Chemical by 0.5% during the second quarter. Vanguard Group Inc. now owns 14,659,591 shares of the basic materials company’s stock worth $1,094,485,000 after purchasing an additional 79,988 shares during the period. State Street Corp lifted its stake in Eastman Chemical by 24.3% in the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after buying an additional 1,112,391 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Eastman Chemical by 13.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,597,875 shares of the basic materials company’s stock worth $293,486,000 after buying an additional 545,219 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Eastman Chemical by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company’s stock worth $237,637,000 after buying an additional 20,634 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Eastman Chemical by 6.8% during the 2nd quarter. Invesco Ltd. now owns 2,993,687 shares of the basic materials company’s stock worth $223,509,000 after buying an additional 191,461 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

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.