Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Eastman Chemical (EMN) Stock Price

News headlines about Eastman Chemical (NYSE:EMN) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eastman Chemical earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.1796440845626 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s analysis:

Shares of Eastman Chemical (EMN) traded up $0.37 on Monday, hitting $97.48. The stock had a trading volume of 971,898 shares, compared to its average volume of 1,107,020. The firm has a market cap of $14,010.00, a P/E ratio of 14.15, a P/E/G ratio of 1.44 and a beta of 1.31. The company has a quick ratio of 0.94, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. Eastman Chemical has a fifty-two week low of $74.78 and a fifty-two week high of $97.81.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, October 26th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.03 by $0.16. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. Eastman Chemical had a return on equity of 22.77% and a net margin of 10.89%. Eastman Chemical’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 EPS. sell-side analysts anticipate that Eastman Chemical will post 7.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Monday, December 18th were issued a $0.56 dividend. This is an increase from Eastman Chemical’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, December 15th. Eastman Chemical’s payout ratio is presently 32.51%.

EMN has been the topic of a number of recent research reports. Goldman Sachs Group raised Eastman Chemical from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $101.00 in a report on Thursday, September 28th. Jefferies Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of Eastman Chemical in a report on Tuesday, October 3rd. KeyCorp reaffirmed a “buy” rating and set a $100.00 price objective on shares of Eastman Chemical in a report on Wednesday, October 4th. Nomura downgraded Eastman Chemical from a “buy” rating to a “neutral” rating and set a $91.00 price objective on the stock. in a report on Tuesday, October 10th. Finally, Deutsche Bank lifted their price objective on Eastman Chemical from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $97.60.

In other news, SVP Perry Stuckey sold 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $92.12, for a total value of $479,024.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.14% of the stock is owned by insiders.

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About Eastman Chemical

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.

Insider Buying and Selling by Quarter for Eastman Chemical (NYSE:EMN)

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