What Are The Chances Of Eastman Chemical Co (NYSE: EMN) Becoming A Clear Buy?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Eastman Naia(TM) Showcased at Première Vision Paris.

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Stocks Info

As a NYSE listed company, EMN falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $100.43 and fluctuated between $100.75 as its day high and $99.51 as its day low. The current market capitalization of Eastman Chemical Co is $11.81B. A total of 0.91 million shares were traded on the day, compared to an average of 1.14M shares.

In the most recent transaction, Holt Adrian James sold 4,735 shares of EMN for 87.75 per share on Mar 06 ’24. After the transaction, the SVP, Chf HR Ofcr now owns 0 company shares. In a previous transaction on Mar 01 ’24, Costa Mark J sold 12,000 shares at 87.60 per share. EMN shares that CEO & Board Chair owns now total 395,699.

Among the insiders who sold shares, Holt Adrian James disposed of 1,935 shares on Aug 01 ’23 at a per-share price of $85.64. This resulted in the SVP, Chf HR Ofcr holding 0 shares of EMN after the transaction.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Eastman Chemical Co pays an annual dividend of $3.20, resulting in a dividend yield of 3.19%, and it has a price to earnings (P/E) ratio of 13.39. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, EMN has a high of $100.61 and a low of $68.89.

As of this writing, EMN has an earnings estimate of $1.42 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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.

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