Is Eastman Chemical Co (NYSE: EMN) No Longer A Good Investment?

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.

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Stocks Info

EMN belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. The current market capitalization of Eastman Chemical Co is $11.85B. A total of 0.72 million shares were traded on the day, compared to an average of 1.02M shares.

In the most recent transaction, Costa Mark J sold 102,390 shares of EMN for 100.78 per share on May 07 ’24. After the transaction, the CEO & Board Chair now owns 395,699 company shares. In a previous transaction on Mar 06 ’24, Holt Adrian James sold 4,735 shares at 87.75 per share. EMN shares that SVP, Chf HR Ofcr owns now total 0.

Among the insiders who sold shares, Costa Mark J disposed of 12,000 shares on Mar 01 ’24 at a per-share price of $87.60. This resulted in the CEO & Board Chair holding 395,699 shares of EMN after the transaction. In another insider transaction, Holt Adrian James sold 1,935 shares at $85.64 per share on Aug 01 ’23. Company shares held by the SVP, Chf HR Ofcr now total 0.

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 $3.20, resulting in a dividend yield of 3.18%, and it has a price to earnings (P/E) ratio of 12.96. EMN’s most recent ex-dividend date was 6/17/2024 when it declared a $0.81 quarterly dividend that was paid in cash on 7/9/2024. Previously, the company paid the dividend on 4/5/2024 with an ex-dividend date of 3/14/2024. The EMN stock dividend was $0.81 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. 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 $2.02 per share for the current quarter. EPS was calculated based on a consensus of 18.0 estimates, with a high estimate of $2.11 per share and a lower estimate of $1.95. The company reported an EPS of $1.99 in the last quarter

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 $47.09, 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 3.94.

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