Eastman Chemical (NYSE:EMN) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Eastman Chemical (NYSE:EMN) released its quarterly earnings results on Thursday. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.08), FiscalAI reports. The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Eastman Chemical had a return on equity of 10.69% and a net margin of 7.15%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share.

Eastman Chemical Stock Performance

EMN traded down $1.49 during midday trading on Friday, reaching $66.44. The company had a trading volume of 1,800,707 shares, compared to its average volume of 1,494,636. The business has a 50-day moving average of $66.85 and a two-hundred day moving average of $70.92. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $83.47. The company has a market cap of $7.60 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.88 and a beta of 1.06.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th were given a $0.84 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a yield of 5.1%. Eastman Chemical’s dividend payout ratio is presently 87.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EMN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. Zacks Research downgraded shares of Eastman Chemical from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Barclays assumed coverage on shares of Eastman Chemical in a research report on Monday, October 12th. They set an “equal weight” rating and a $72.00 target price for the company. Royal Bank Of Canada reduced their target price on shares of Eastman Chemical from $74.00 to $65.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $75.00 target price on shares of Eastman Chemical in a report on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $74.64.

Eastman Chemical News Roundup

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: The U.S. Department of Energy reinstated a $375 million award to Eastman, improving the outlook for the company’s planned projects and strengthening its potential funding position. Eastman Chemical says DoE reinstates $375M award
• Positive Sentiment: Third-quarter revenue increased approximately 8% year over year to $2.38 billion, supported by higher selling prices and a 1% improvement in sales volume and mix. Advanced Materials, Additives & Functional Products, and Chemical Intermediates all recorded revenue growth. Eastman Q3 revenue rises 8%
• Positive Sentiment: Management maintained its full-year adjusted EPS outlook of $6.00 to $6.20 and expects $125 million to $150 million of 2026 cost savings, net of inflation. Eastman also generated substantial operating cash flow and returned $96 million to shareholders through dividends. Eastman announces third-quarter 2026 financial results
• Neutral Sentiment: Eastman reported GAAP diluted EPS of $2.19, up from $0.60 a year earlier, while adjusted EPS was reported at $1.84. Investors may weigh the large year-over-year improvement against the difference between GAAP and adjusted results.
• Negative Sentiment: Adjusted third-quarter EPS of $1.84 missed the $1.92 consensus estimate, while revenue of roughly $2.38 billion came in below the $2.41 billion estimate. The earnings shortfall likely outweighed the year-over-year improvement in results. Eastman misses Q3 earnings and revenue estimates
• Negative Sentiment: Fibers revenue was flat as higher volume and mix were offset by lower selling prices, highlighting continued pricing pressure in part of the portfolio. Eastman Q3 earnings miss despite higher pricing
• Negative Sentiment: JPMorgan recently downgraded EMN from Overweight to Neutral, adding to concerns about near-term upside after the earnings miss. JPMorgan downgrades Eastman Chemical

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials and chemicals company that develops and manufactures products used in transportation, building and construction, consumer goods, medical products, packaging, and other industrial applications. Its portfolio includes specialty plastics, coatings, adhesives, fibers, additives, intermediates, and other performance materials.

The company’s products are designed to provide properties such as durability, chemical resistance, lightweight performance, clarity, and enhanced functionality.