This Is Too Hot For Eastman Chemical Co (NYSE: EMN), Let’s Take A Closer Look

After Hours

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Stocks Info

Eastman Chemical Co is listed on the NYSE as a member of the Basic Materials sector and is a part of the Specialty Chemicals industry. The current market capitalization of Eastman Chemical Co is $11.99B. A total of 0.79 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.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Eastman Chemical Co pays an annual dividend of $3.20, resulting in a dividend yield of 3.14%, and it has a price to earnings (P/E) ratio of 13.59. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, EMN has a high of $102.71 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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