Somewhat Favorable News Coverage Somewhat Unlikely to Impact Eastman Chemical (EMN) Share Price

News coverage about Eastman Chemical (NYSE:EMN) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eastman Chemical earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.078326066079 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Shares of Eastman Chemical (NYSE EMN) traded down $0.07 during trading on Friday, hitting $97.43. The stock had a trading volume of 887,430 shares, compared to its average volume of 1,023,278. The stock has a market capitalization of $14,000.00, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.31. The company has a current ratio of 1.83, a quick ratio of 0.94 and a debt-to-equity ratio of 1.24. Eastman Chemical has a 52-week low of $74.78 and a 52-week high of $98.24.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data on Thursday, October 26th. The basic materials company reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.16. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.35 billion. Eastman Chemical had a return on equity of 22.77% and a net margin of 10.89%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 earnings per share. sell-side analysts forecast that Eastman Chemical will post 7.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Monday, December 18th were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $2.24 annualized dividend and a yield of 2.30%. This is a positive change from Eastman Chemical’s previous quarterly dividend of $0.51. Eastman Chemical’s dividend payout ratio (DPR) is currently 32.51%.

A number of equities research analysts have commented on EMN shares. Jefferies Group reissued a “buy” rating and set a $96.00 price target on shares of Eastman Chemical in a report on Tuesday, October 3rd. Deutsche Bank raised their price target on Eastman Chemical from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research cut Eastman Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. KeyCorp restated a “buy” rating and set a $100.00 price objective on shares of Eastman Chemical in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. raised their price objective on Eastman Chemical from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Eastman Chemical has an average rating of “Hold” and an average price target of $98.60.

In related news, SVP Perry Stuckey sold 5,200 shares of Eastman Chemical stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $92.12, for a total value of $479,024.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.14% of the company’s stock.

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Eastman Chemical Company Profile

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.

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