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

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.

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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. The current market capitalization of Eastman Chemical Co is $11.88B. A total of 0.81 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

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 3.17%, and it has a price to earnings (P/E) ratio of 12.99. 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.

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 $102.71 and a low of $68.89.

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 $47.09, 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 3.94.

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