After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Eastman Schedules Fourth-Quarter and Full-Year 2023 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information.
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Stocks Info
EMN belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $85.71 and fluctuated between $85.87 as its day high and $84.90 as its day low. The current market capitalization of Eastman Chemical Co is $10.16B. A total of 0.83 million shares were traded on the day, compared to an average of 905.50K shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. 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 17 BUYs and 12 SELLs from insiders. Insiders purchased 185,612 shares during that period but sold 62,901.
In the most recent transaction, Holt Adrian James sold 1,935 shares of EMN for 85.64 per share on Aug 01. After the transaction, the SVP, Chf HR Ofcr now owns 0 company shares. In a previous transaction on Feb 17, McAlindon Julie A. sold 1,900 shares at 86.89 per share. EMN shares that SVP, Regions & Chf SupChn Ofcr owns now total 2,877.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Eastman Chemical Co pays an annual dividend of $3.17, resulting in a dividend yield of 3.70%, and it has a price to earnings (P/E) ratio of 17.50. EMN’s most recent ex-dividend date was 12/15/2023 when it declared a $0.81 quarterly dividend that was paid in cash on 1/5/2024. Previously, the company paid the dividend on 10/6/2023 with an ex-dividend date of 9/14/2023. The EMN stock dividend was $0.79 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EMN in the last 3 months, the mean price target is $93.68 with high estimates of $115.00 and low estimates of $78.00. In terms of 52-week highs and lows, EMN has a high of $92.21 and a low of $68.89.
As of this writing, EMN has an earnings estimate of $1.3 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.42 per share and a lower estimate of $1.21. The company reported an EPS of $1.99 in the last quarter, which was 3.10% higher than expectations of $1.93.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EMN’s latest balance sheet shows that the firm has $459.00M in Cash & Short Term Investments as of fiscal 2021. There were $5.16B in debt and $2.97B in liabilities at the time. Its Book Value Per Share was $45.16, while its Total Shareholder’s Equity was $5.79B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.73.
