News coverage about Eastman Chemical (NYSE:EMN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Eastman Chemical earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.9668931089182 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Several equities analysts have issued reports on EMN shares. ValuEngine lowered shares of Eastman Chemical from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. SunTrust Banks lifted their price target on shares of Eastman Chemical to $105.00 and gave the stock a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Eastman Chemical from a “buy” rating to a “hold” rating in a report on Friday, January 12th. KeyCorp reaffirmed a “buy” rating and issued a $118.00 price target (up from $108.00) on shares of Eastman Chemical in a report on Monday, January 8th. Finally, Barclays boosted their price objective on shares of Eastman Chemical from $100.00 to $108.00 and gave the company an “equal weight” rating in a report on Monday, February 5th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $103.93.
Shares of EMN traded down $0.90 during trading hours on Thursday, reaching $107.47. 1,035,907 shares of the company traded hands, compared to its average volume of 1,283,834. The firm has a market capitalization of $15,461.85, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.59 and a quick ratio of 0.82. Eastman Chemical has a 12-month low of $76.11 and a 12-month high of $112.45.
Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.56. Eastman Chemical had a net margin of 15.44% and a return on equity of 22.02%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company earned $1.51 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. research analysts anticipate that Eastman Chemical will post 8.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 6th. Shareholders of record on Thursday, March 15th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.08%. The ex-dividend date was Wednesday, March 14th. Eastman Chemical’s payout ratio is 29.43%.
In other Eastman Chemical news, Director Stephen R. Demeritt sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $99.84, for a total value of $399,360.00. Following the sale, the director now directly owns 17,732 shares of the company’s stock, valued at $1,770,362.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lucian Boldea sold 3,325 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $95.00, for a total transaction of $315,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,935 shares of company stock worth $14,241,099. 1.14% of the stock is owned by corporate insiders.
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About Eastman Chemical
Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company's Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and antidegradant rubber additives; performance resins and amine derivative-based building blocks; heat transfer and aviation fluids; formic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators.
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