News headlines about Eastman Chemical (NYSE:EMN) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eastman Chemical earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 47.5159603788039 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern’s analysis:
Eastman Chemical (NYSE EMN) traded up $0.02 on Friday, reaching $100.13. The company’s stock had a trading volume of 1,188,902 shares, compared to its average volume of 1,420,000. The company has a current ratio of 1.83, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. The stock has a market cap of $14,390.00, a P/E ratio of 9.89, a PEG ratio of 1.33 and a beta of 1.33. Eastman Chemical has a 12-month low of $76.02 and a 12-month high of $104.08.
Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.56. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.24 billion. Eastman Chemical had a return on equity of 22.67% and a net margin of 15.44%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 EPS. analysts predict that Eastman Chemical will post 8.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, March 14th. Eastman Chemical’s dividend payout ratio is presently 22.13%.
EMN has been the subject of a number of research analyst reports. UBS Group upped their target price on Eastman Chemical from $97.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research raised Eastman Chemical from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. KeyCorp reissued a “buy” rating and issued a $108.00 target price (up from $100.00) on shares of Eastman Chemical in a research report on Monday, October 30th. JPMorgan Chase & Co. upped their target price on Eastman Chemical from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, Tudor Pickering initiated coverage on Eastman Chemical in a research report on Tuesday, November 14th. They issued a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $101.73.
In other news, insider Lucian Boldea sold 3,325 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $95.00, for a total transaction of $315,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark J. Costa sold 55,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $98.26, for a total value of $5,404,300.00. Following the transaction, the chief executive officer now directly owns 212,991 shares of the company’s stock, valued at $20,928,495.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,742 shares of company stock valued at $6,555,051. 1.14% of the stock is owned by company insiders.
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Eastman Chemical Company Profile
Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.
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