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. Most recently, Yahoo Finance reported about the stock as it publicized that Eastman CEO Mark Costa to address the Barclays Industrial Select Conference.
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Stocks Info
The company is listed on the NYSE and operates within the Specialty Chemicals industry segment. The current market capitalization of Eastman Chemical Co is $10.06B. A total of 0.7 million shares were traded on the day, compared to an average of 1.03M 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 9 BUYs and 3 SELLs from insiders. Insiders purchased 29,677 shares during that period but sold 7,696.
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.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Eastman Chemical Co pays an annual dividend of $3.18, resulting in a dividend yield of 3.71%, and it has a price to earnings (P/E) ratio of 11.43. EMN’s most recent ex-dividend date was 3/14/2024 when it declared a $0.81 quarterly dividend that was paid in cash on 4/5/2024. Previously, the company paid the dividend on 1/5/2024 with an ex-dividend date of 12/15/2023. The EMN stock dividend was $0.81 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 $93.93 with high estimates of $110.00 and low estimates of $84.00. In terms of 52-week highs and lows, EMN has a high of $91.38 and a low of $68.89.
As of this writing, EMN has an earnings estimate of $1.41 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.64 per share and a lower estimate of $1.31. The company reported an EPS of $1.47 in the last quarter, which was 2.10% higher than expectations of $1.44.
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. 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 $46.53, while its Total Shareholder’s Equity was $5.79B.
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, 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 3.81.
