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Tuesday, January 31, 2023

Are Things Looking Up For Eastman Chemical Company (NYSE: EMN)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Eastman Chemical Company (EMN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.34, or -0.39%, to $86.68. The Eastman Chemical Company has recorded 16,612 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Eastman coalescent receives prestigious Green Seal® verification.


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Stocks Info

The company is listed on the NYSE and operates within the Chemicals industry segment. At the end of the last regular session, the stock closed at $87.02 and fluctuated between $87.65 as its day high and $85.35 as its day low. The current market capitalization of Eastman Chemical Company is $10.43B. A total of 0.68 million shares were traded on the day, compared to an average of 943.93K shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, EMN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 21 SELLs from insiders. Insiders purchased 217,189 shares during that period but sold 100,840.

In the most recent transaction, COX MARK K sold 4,858 shares of EMN for 120.79 per share on Feb 25. After the transaction, the SVP, Chf Mfg & Eng Ofc now owns 3,509 company shares. In a previous transaction on Feb 10, Killian Christopher Moore sold 14,738 shares at 122.75 per share. EMN shares that SVP & CTO owns now total 2,249.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Eastman Chemical Company pays an annual dividend of $3.16, resulting in a dividend yield of 3.63%, and it has a price to earnings (P/E) ratio of 9.59. EMN’s most recent ex-dividend date was 12/14/2022 when it declared a $0.79 quarterly dividend that was paid in cash on 1/6/2023. Previously, the company paid the dividend on 10/7/2022 with an ex-dividend date of 9/14/2022. The EMN stock dividend was $0.76 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for EMN in the last 3 months, the mean price target is $93.38 with high estimates of $115.00 and low estimates of $79.00. In terms of 52-week highs and lows, EMN has a high of $129.48 and a low of $69.91.

As of this writing, EMN has an earnings estimate of $1.82 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $2.56 per share and a lower estimate of $1.47. The company reported an EPS of $2.83 in the last quarter, which was 4.80% higher than expectations of $2.7.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EMN is Sell with a score of 3.75. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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