Zacks Research Has Optimistic Outlook of EMN FY2026 Earnings

Eastman Chemical Company (NYSE:EMN) – Investment analysts at Zacks Research upped their FY2026 earnings per share estimates for shares of Eastman Chemical in a report released on Thursday, August 13th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $6.39 per share for the year, up from their previous estimate of $5.81. The consensus estimate for Eastman Chemical’s current full-year earnings is $6.50 per share.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS.

EMN has been the topic of a number of other research reports. UBS Group boosted their target price on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada increased their price target on shares of Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley dropped their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $75.00 target price on shares of Eastman Chemical in a research note on Thursday, July 16th. Seven investment 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, the company has an average rating of “Moderate Buy” and a consensus target price of $79.17.

Eastman Chemical Stock Down 1.3%

EMN opened at $73.01 on Monday. The business has a 50 day moving average of $70.50 and a 200-day moving average of $72.58. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 0.91 and a beta of 1.06. The company has a current ratio of 1.50, a quick ratio of 0.76 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMN. BlackRock Inc. acquired a new position in Eastman Chemical during the second quarter worth $1,134,421,000. HighTower Advisors LLC lifted its holdings in shares of Eastman Chemical by 3,448.7% during the fourth quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock valued at $108,246,000 after acquiring an additional 1,648,054 shares during the period. Norges Bank acquired a new stake in shares of Eastman Chemical in the 4th quarter valued at $95,621,000. Legal & General Group Plc acquired a new stake in shares of Eastman Chemical in the 2nd quarter valued at $87,583,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Eastman Chemical during the 2nd quarter worth about $81,645,000. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.6%. Eastman Chemical’s payout ratio is presently 87.50%.

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.