Eastman Chemical (EMN) Receives Daily News Impact Score of 0.26

Press coverage about Eastman Chemical (NYSE:EMN) has been trending positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eastman Chemical earned a news impact score of 0.26 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.7734425125565 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

EMN has been the topic of a number of research analyst reports. Wells Fargo restated an “outperform” rating and set a $115.00 price objective (up from $108.00) on shares of Eastman Chemical in a research report on Tuesday, February 20th. Zacks Investment Research cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Cowen reissued an “outperform” rating and issued a $106.00 price objective (up from $92.00) on shares of Eastman Chemical in a research note on Friday, December 8th. KeyCorp reissued a “buy” rating and issued a $118.00 price objective (up from $108.00) on shares of Eastman Chemical in a research note on Monday, January 8th. Finally, Jefferies Group restated a “buy” rating on shares of Eastman Chemical in a report on Friday, March 9th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $103.27.

NYSE:EMN opened at $103.85 on Friday. The firm has a market cap of $14,818.50, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.36 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 1.12. Eastman Chemical has a fifty-two week low of $76.11 and a fifty-two week high of $112.45.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, February 1st. The basic materials company reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.56. Eastman Chemical had a net margin of 15.44% and a return on equity of 22.02%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the business earned $1.51 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. equities research analysts predict that Eastman Chemical will post 8.54 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, March 14th. Eastman Chemical’s dividend payout ratio (DPR) is presently 29.43%.

In related news, insider Damon Cary Warmack sold 4,417 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $98.60, for a total value of $435,516.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Curtis E. Espeland sold 47,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $100.00, for a total transaction of $4,700,000.00. The disclosure for this sale can be found here. Insiders have sold 142,935 shares of company stock worth $14,241,099 in the last three months. Corporate insiders own 1.14% of the company’s stock.

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Eastman Chemical Company Profile

Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company's Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and antidegradant rubber additives; performance resins and amine derivative-based building blocks; heat transfer and aviation fluids; formic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators.

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

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