Zacks Research Cuts Earnings Estimates for Eastman Chemical

Eastman Chemical Company (NYSE:EMN) – Equities researchers at Zacks Research cut their Q1 2028 earnings per share estimates for shares of Eastman Chemical in a research note issued to investors on Wednesday, May 13th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $1.54 per share for the quarter, down from their previous estimate of $1.68. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $6.33 per share. Zacks Research also issued estimates for Eastman Chemical’s FY2028 earnings at $7.09 EPS.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the business earned $1.91 EPS. The business’s quarterly revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. KeyCorp reaffirmed an “overweight” rating on shares of Eastman Chemical in a research report on Monday, February 2nd. Evercore set a $75.00 price objective on Eastman Chemical in a research note on Wednesday, February 18th. Royal Bank Of Canada raised their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Finally, Bank of America upped their price target on shares of Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.25.

Eastman Chemical Stock Performance

Shares of EMN opened at $72.57 on Friday. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 0.94 and a beta of 1.04. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47. The firm has a fifty day simple moving average of $72.33 and a 200 day simple moving average of $68.84. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MUFG Securities EMEA plc bought a new stake in shares of Eastman Chemical during the 2nd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in Eastman Chemical in the fourth quarter valued at about $25,000. Brown Lisle Cummings Inc. boosted its stake in shares of Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Eastman Chemical during the fourth quarter worth about $27,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Eastman Chemical in the fourth quarter valued at approximately $27,000. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s payout ratio is presently 97.39%.

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.