Eastman Chemical (NYSE:EMN) Releases Q2 2026 Earnings Guidance

Eastman Chemical (NYSE:EMN) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.700-1.900 for the period, compared to the consensus estimate of 1.670. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EMN. UBS Group upped their target price on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. KeyCorp reiterated an “overweight” rating on shares of Eastman Chemical in a research note on Monday, February 2nd. Zacks Research upgraded shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. upgraded shares of Eastman Chemical from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $80.00 in a research note on Tuesday, April 14th. Finally, Mizuho set a $85.00 target price on shares of Eastman Chemical in a research note on Friday. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Eastman Chemical presently has a consensus rating of “Hold” and a consensus target price of $77.27.

Eastman Chemical Stock Performance

EMN stock traded up $4.26 on Friday, hitting $77.35. The company had a trading volume of 2,627,647 shares, compared to its average volume of 1,196,691. Eastman Chemical has a 12-month low of $56.11 and a 12-month high of $84.18. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $72.58 and its 200 day simple moving average is $68.00. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.99 and a beta of 1.16.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) 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 8.94%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company posted $1.91 earnings per share. The firm’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. As a group, equities research analysts expect that Eastman Chemical will post 5.85 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Friday, March 13th were issued a $0.84 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.36 annualized dividend and a yield of 4.3%. Eastman Chemical’s dividend payout ratio (DPR) is currently 82.15%.

Key Headlines Impacting Eastman Chemical

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

• Positive Sentiment: Q1 EPS beat: Eastman reported $1.09 EPS vs. consensus $1.07, a small upside that helped reassure investors that margins and pricing actions are holding. Eastman Chemical (EMN) Q1 Earnings Surpass Estimates
• Positive Sentiment: Raised Q2 guidance: Management set Q2 2026 EPS guidance of $1.70–$1.90 versus a consensus ~$1.67, signaling confidence in near-term pricing, product mix and Chemical Intermediates strength. This outlook likely drove buying interest. Company Guidance Announcement
• Positive Sentiment: Pricing & portfolio tailwinds: Analysts and the company highlighted pricing actions and strength in Chemical Intermediates as offsetting weaker demand — a thematic driver for sentiment improvement. EMN Q1 Earnings Beat Estimates, Revenues Miss on Lower Y/Y Volume
• Neutral Sentiment: Management commentary and materials available: The full earnings call transcript, slide deck and press release provide additional color on costs, cash flow and segment performance for investors doing deeper due diligence. Eastman Chemical Company (EMN) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Top-line vs. estimates: Revenue was $2.18B vs. ~$2.17B expected — essentially in line, but details by end market matter for investors assessing cyclicality. MarketBeat Q1 Coverage
• Negative Sentiment: Volume and YoY profit decline: Revenue fell ~4.9% YoY and Q1 EPS declined sharply from $1.91 a year ago to $1.09, reflecting weaker volumes and prior-year comparisons — a residual headwind to valuation until growth visibly returns. Eastman Chemical: Q1 Earnings Snapshot

Institutional Investors Weigh In On Eastman Chemical

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMN. State Street Corp increased its holdings in Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after buying an additional 1,112,391 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Eastman Chemical by 576.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 707,304 shares of the basic materials company’s stock valued at $44,596,000 after buying an additional 602,677 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Eastman Chemical by 13.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,597,875 shares of the basic materials company’s stock valued at $293,486,000 after buying an additional 545,219 shares during the last quarter. Two Sigma Investments LP increased its holdings in Eastman Chemical by 244.5% during the third quarter. Two Sigma Investments LP now owns 604,783 shares of the basic materials company’s stock valued at $38,132,000 after buying an additional 429,247 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Eastman Chemical by 1,491.4% during the fourth quarter. Public Sector Pension Investment Board now owns 394,836 shares of the basic materials company’s stock valued at $25,202,000 after buying an additional 370,026 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

About Eastman Chemical

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.