Zacks Research Brokers Reduce Earnings Estimates for EMN

Eastman Chemical Company (NYSE:EMN) – Equities researchers at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for shares of Eastman Chemical in a note issued to investors on Friday, March 6th. Zacks Research analyst Team now expects that the basic materials company will earn $1.64 per share for the quarter, down from their prior estimate of $1.68. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Eastman Chemical’s current full-year earnings is $8.55 per share. Zacks Research also issued estimates for Eastman Chemical’s Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $5.61 EPS, Q2 2027 earnings at $1.59 EPS, Q3 2027 earnings at $1.64 EPS, Q4 2027 earnings at $1.66 EPS, FY2027 earnings at $6.56 EPS and FY2028 earnings at $7.18 EPS.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, January 29th. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.03 billion. Eastman Chemical had a return on equity of 10.57% and a net margin of 5.42%.Eastman Chemical’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.87 EPS.

A number of other equities research analysts also recently weighed in on the stock. Evercore set a $75.00 price target on shares of Eastman Chemical in a report on Wednesday, February 18th. Bank of America boosted their target price on shares of Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Weiss Ratings raised shares of Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. KeyCorp restated an “overweight” rating on shares of Eastman Chemical in a report on Monday, February 2nd. Finally, Citigroup upped their price target on Eastman Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $79.21.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $69.23 on Monday. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.37 and a quick ratio of 0.63. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $97.08. The stock’s 50 day moving average price is $72.41 and its 200 day moving average price is $66.34.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc acquired a new position in shares of Eastman Chemical in the second quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Eastman Chemical during the fourth quarter valued at $25,000. Brown Lisle Cummings Inc. grew its stake in Eastman Chemical by 70.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Eastman Chemical in the fourth quarter valued at about $27,000. Finally, Los Angeles Capital Management LLC acquired a new position in Eastman Chemical in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, March 13th. Eastman Chemical’s dividend payout ratio (DPR) is currently 82.15%.

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.