Eastman Chemical Company operates as a specialty materials company in the United States and internationally The company’s Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins.
infoEastman Chemical Company is a mid cap stock with a total market cap of 9.73B.
infoThey trade on the NYSE and had their IPO 29 years and 8 months ago.
infoEastman Chemical Company currently employs 14500 people.
infoAs of Wednesday, Aug 23 2023, Eastman Chemical Company’s share price is $82.06.
News Relating to Eastman Chemical Company
Zacks Investment Research
Here’s Why You Should Hold Onto Eastman Chemical (EMN) for Now
Wednesday Aug 23 2023 at 09:01
While Eastman Chemical (EMN) faces headwinds from soft demand and customer inventory de-stocking, it benefits from cost-management and pricing actions and innovation.
Seeking Alpha
Eastman Chemical Company (EMN) Q2 2023 Earnings Call Transcript
Friday Jul 28 2023 at 13:30
Eastman Chemical Company (NYSE:EMN ) Q2 2023 Earnings Conference Call July 28, 2023 8:00 AM ET Company Participants Greg Riddle – IR Mark Costa – CEO William McLain – CFO Conference Call Participants Josh Spector – UBS Vincent Andrews – Morgan Stanley Frank Mitsch – Fermium Research Aleksey Yefremov – KeyBanc Capital Markets Mike Sison – Wells Fargo David Begleiter – Deutsche Bank John Roberts – Credit Suisse Kevin McCarthy – Vertical Research Partners Matthew DeYoe – Bank of America Patrick Cunningham – Citigroup Laurence Alexander – Jefferies Arun Viswanathan – RBC Capital Markets Operator Good day everyone and welcome to the Second Quarter 2023 Eastman Conference Call. Today’s conference is being recorded.
Zacks Investment Research
Eastman Chemical (EMN) Q2 Earnings Beat Estimates, Sales Miss
Friday Jul 28 2023 at 09:30
Revenues of Eastman Chemical (EMN) are hurt by lower sales volumes due to weak demand and destocking in Q2.
Zacks Investment Research
Eastman Chemical (EMN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Thursday Jul 27 2023 at 20:43
While the top- and bottom-line numbers for Eastman Chemical (EMN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Zacks Investment Research
Eastman Chemical (EMN) to Post Q2 Earnings: What’s in Store?
Monday Jul 24 2023 at 08:35
Eastman’s (EMN) Q2 earnings are expected to have benefited from its cost-cutting and productivity measures, and its growth model.
Zacks Investment Research
Eastman Chemical (EMN) Launches Advantis Adhesion Promoters
Monday Jul 17 2023 at 08:17
Advantis adhesion promoters by Eastman (EMN) will allow formulators and end users to meet regulatory changes involving the use of materials of concern.
Seeking Alpha
Eastman Chemical Benefits From Reversal In Gas And NGL Costs
Monday Jul 03 2023 at 16:38
Eastman Chemical is a $10.0 billion market cap specialty chemicals company offering a 3.8% dividend. With now-lower feedstock and energy costs, its results are expected to improve. The company has been able to hold the line on product prices despite customer destocking. To improve efficiency it is implementing a $200 million cost reduction program. Eastman’s second-largest number of plants are in high-cost Europe (nine). However, it is geographically diversified with 16 US plants and several in Asia and Latin America.
Zacks Investment Research
Why Eastman Chemical (EMN) is a Great Dividend Stock Right Now
Wednesday Jun 07 2023 at 12:49
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eastman Chemical (EMN) have what it takes?
Zacks Investment Research
Eastman Chemical (EMN) Gains on Cost Actions and Innovation
Wednesday May 31 2023 at 07:30
While Eastman Chemical (EMN) faces headwinds from customer inventory de-stocking, it benefits from cost-management actions, innovation and strategic acquisitions.
Seeking Alpha
3 Reasons To Consider Eastman Chemical Company
Tuesday May 30 2023 at 17:23
Eastman Chemical Company’s forward valuations don’t capture the degree of superior operating leverage that is poised to come through over the next 2 years. EMN’s dividend narrative is underappreciated. We like the risk-reward on the charts and are also encouraged with recent insider positioning.
Zacks Investment Research
Why Eastman Chemical (EMN) is a Top Dividend Stock for Your Portfolio
Monday May 22 2023 at 12:50
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eastman Chemical (EMN) have what it takes?
Zacks Investment Research
Eastman (EMN) Signs Agreements for France Recycling Facility
Thursday May 18 2023 at 10:44
The planned facility by Eastman (EMN), which would cost $1 billion, will be the world’s largest material-to-material molecular recycling plant.
Zacks Investment Research
Eastman Chemical (EMN) Could Be a Great Choice
Thursday May 04 2023 at 13:41
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eastman Chemical (EMN) have what it takes?
InvestorPlace
Stocks to Buy: 7 Earnings Winners to Load Up on in May
Monday May 01 2023 at 12:57
While the meat of the financial disclosure season didn’t quite get off to an auspicious start, a few notable enterprises produced strong results, making them earnings winners stocks. Facing tough headwinds such as geopolitical dynamics, monetary policy concerns, and an economy that could still suffer a recession, investors should at least consider adding proven winners to their portfolios.
Zacks Investment Research
DOW Selects Linde for Ethylene Cracker and Derivatives Site
Monday May 01 2023 at 11:25
The ethylene cracker and derivatives complex will decarbonize roughly 20% of Dow’s (DOW) global ethylene capacity while increasing its global polyethylene supply by around 15%.
Zacks Investment Research
Eastman Chemical’s (EMN) Q1 Earnings & Sales Surpass Estimates
Friday Apr 28 2023 at 09:52
The top line of Eastman Chemical (EMN) declines due to the challenging global economic environment owing to higher-than-normal customer inventory destocking in Q1.
Zacks Investment Research
Here’s What Key Metrics Tell Us About Eastman Chemical (EMN) Q1 Earnings
Thursday Apr 27 2023 at 21:15
The headline numbers for Eastman Chemical (EMN) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research
Eastman Chemical (EMN) Q1 Earnings and Revenues Beat Estimates
Thursday Apr 27 2023 at 19:00
Eastman Chemical (EMN) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $2.06 per share a year ago.
Zacks Investment Research
Eastman Chemical (EMN) to Report Q1 Earnings: What’s in Store?
Wednesday Apr 19 2023 at 07:39
Eastman Chemical’s (EMN) earnings are expected to have gained from sustained innovation & cost control measures amid headwinds from adverse currency movements & consumer de-stocking in Q1.
Zacks Investment Research
EMN vs. AIQUY: Which Stock Should Value Investors Buy Now?
Tuesday Apr 11 2023 at 13:02
Investors looking for stocks in the Chemical – Diversified sector might want to consider either Eastman Chemical (EMN) or Air Liquide (AIQUY). But which of these two stocks is more attractive to value investors?
Zacks Investment Research
Are Investors Undervaluing Eastman Chemical (EMN) Right Now?
Tuesday Apr 11 2023 at 10:44
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Business Wire
Eastman Schedules First-Quarter 2023 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast, and Release of Additional Information
Thursday Apr 06 2023 at 10:00
–(BUSINESS WIRE)–Eastman has scheduled its first-quarter 2023 financial results news release and SEC Form 8-K filing, teleconference and webcast.
MarketBeat
High-Growth, High-Yield Value Stocks Nearing Trigger Points
Wednesday Apr 05 2023 at 07:03
A screen looking for growth in high-yielding dividend stocks turned up 3 interesting names. These blue-chip stocks trade for less than 20X their earnings outlook, have at least a 5% expected earnings CAGR for the next 2 years and pay more than 3.0%.
Seeking Alpha
Dividend Champion, Contender, And Challenger Highlights: Week Of April 2
Sunday Apr 02 2023 at 00:11
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
Zacks Investment Research
Here’s Why You Should Retain Eastman (EMN) in Your Portfolio
Monday Mar 20 2023 at 08:28
Eastman (EMN) will gain from cost-cutting and productivity actions, synergies of strategic acquisitions and sustained innovation. However, it is expected to face headwinds from unfavorable currency translations.
Seeking Alpha
Eastman Chemical: An ESG Power-Play
Monday Mar 20 2023 at 01:29
Extremely focused on sustainability and a “Circular Economy”. Focus on Specialty and Performance Materials and Chemicals.
InvestorPlace
7 Stocks to Buy at a Discount Now
Tuesday Feb 28 2023 at 15:32
The stock market has rallied meaningfully in recent weeks. And while the macroeconomic outlook remains challenging, investors have started 2023 with a more optimistic posture.
Seeking Alpha
Eastman Chemical’s Huge Cash Flows And Buyback Support Much Higher Stock Price
Tuesday Feb 28 2023 at 00:32
Eastman Chemical has a higher-quality business than your average chemical industry company. Management treats shareholders well. The company is eating up tons of its own stock and pays a healthy 3.7% dividend yield on top.
Seeking Alpha
Eastman Chemical: A Sporty Valuation But A Bearish Chart Post-Earnings
Sunday Feb 26 2023 at 02:01
The Chemicals industry has been ho-hum to start this year after a relatively strong 2022. Eastman Chemical features an attractive P/E even after an earnings miss and light guide.
Zacks Investment Research
Bear of the Day: Eastman Chemical (EMN)
Thursday Feb 02 2023 at 08:17
Chemical stocks had their day in the sun, are earnings saying the best is over?
Eastman Chemical Company Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Eastman Chemical Company’s Altman Z-score is 2.41 which is in the gray zone. This indicates a level of ambiguity where further analyses are needed to evaluate the company’s financial stability accurately.
Derived from SEC.GOV filing dataopen_in_new
Eastman Chemical Company Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has sold $165.71K of common stock in Eastman Chemical Company on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Eastman Chemical Company’s Income Quality of 1.58 is greater than its Industry Group of 0.87 (81.6% greater)
Eastman Chemical Company’s Income Quality of 1.58 is greater than its Major Industry Group of 0.71 (122.5% greater)
Eastman Chemical Company’s Income Quality of 1.58 is greater than its Sector of 0.75 (110.7% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Eastman Chemical Company’s Current Ratio of 1.34 is lower than its Industry Group of 1.74 (-23.0% lower)
Eastman Chemical Company’s Current Ratio of 1.34 is lower than its Major Industry Group of 4.32 (-69.0% lower)
Eastman Chemical Company’s Current Ratio of 1.34 is lower than its Sector of 2.6 (-48.5% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Eastman Chemical Company’s PE Ratio of 13.72 is greater than its Industry Group of 7.93 (73.0% greater)
Cannot compare a negative PE Ratio (13.72 & -1.1)
Cannot compare a negative PE Ratio (13.72 & -0.4)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Eastman Chemical Company’s PB Ratio of 1.85 is in line with its Industry Group of 1.85
Eastman Chemical Company’s PB Ratio of 1.85 is greater than its Major Industry Group of 1.4 (32.1% greater)
Eastman Chemical Company’s PB Ratio of 1.85 is greater than its Sector of 1.62 (14.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Eastman Chemical Company’s ROE of 0.13 is greater than its Industry Group of 0.08 (62.5% greater)
Eastman Chemical Company’s ROE of 0.13 is greater than its Major Industry Group of -0.38 (134.2% greater)
Eastman Chemical Company’s ROE of 0.13 is greater than its Sector of -0.03 (533.3% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Eastman Chemical Company’s ROCE of 0.09 is greater than its Industry Group of 0.05 (80.0% greater)
Eastman Chemical Company’s ROCE of 0.09 is greater than its Major Industry Group of -0.37 (124.3% greater)
Eastman Chemical Company’s ROCE of 0.09 is greater than its Sector of -0.04 (325.0% greater)
Derived from SEC.GOV filing dataopen_in_new