Q3 Earnings Estimate for EMN Issued By KeyCorp

Eastman Chemical Company (NYSE:EMN) – Analysts at KeyCorp issued their Q3 2026 earnings per share (EPS) estimates for Eastman Chemical in a research report issued on Thursday, September 10th. KeyCorp analyst S. Tiano anticipates that the basic materials company will post earnings per share of $1.94 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $6.50 per share. KeyCorp also issued estimates for Eastman Chemical’s Q4 2026 earnings at $1.30 EPS, FY2026 earnings at $6.30 EPS, FY2027 earnings at $6.70 EPS and FY2028 earnings at $7.90 EPS.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS.

Several other equities analysts also recently commented on EMN. Royal Bank Of Canada upped their price target on shares of Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Eastman Chemical from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Citigroup lowered their target price on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. UBS Group lifted their price target on shares of Eastman Chemical from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Eastman Chemical currently has an average rating of “Hold” and an average target price of $79.17.

Eastman Chemical Stock Down 0.0%

EMN opened at $68.33 on Friday. The stock has a fifty day moving average of $70.76 and a 200-day moving average of $71.93. The company has a market capitalization of $7.82 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.84 and a beta of 1.07. Eastman Chemical has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EMN. BlackRock Inc. bought a new position in shares of Eastman Chemical in the 2nd quarter valued at $1,134,421,000. California State Teachers Retirement System grew its position in Eastman Chemical by 6,459.7% in the second quarter. California State Teachers Retirement System now owns 8,871,367 shares of the basic materials company’s stock valued at $594,204,000 after acquiring an additional 8,736,126 shares during the last quarter. State Street Corp raised its stake in Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Eastman Chemical by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,936,789 shares of the basic materials company’s stock worth $376,747,000 after acquiring an additional 338,914 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Eastman Chemical by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company’s stock worth $237,637,000 after acquiring an additional 20,634 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be given a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.9%. Eastman Chemical’s dividend payout ratio (DPR) is currently 87.50%.

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.