Eastman Chemical (NYSE:EMN) Updates Q3 2026 Earnings Guidance

Eastman Chemical (NYSE:EMN) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.970-1.970 for the period, compared to the consensus estimate of 1.920. The company issued revenue guidance of -.

Eastman Chemical Stock Performance

Shares of NYSE:EMN traded down $0.03 during trading on Friday, hitting $70.04. The company’s stock had a trading volume of 1,802,143 shares, compared to its average volume of 1,467,206. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 0.86 and a beta of 1.07. The company has a 50-day moving average of $70.80 and a 200-day moving average of $72.16. Eastman Chemical has a 12 month low of $56.11 and a 12 month high of $83.47.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, sell-side analysts expect that Eastman Chemical will post 6.3 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 15th were issued a $0.84 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.8%. Eastman Chemical’s dividend payout ratio (DPR) is 97.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EMN shares. Morgan Stanley reduced their price target on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Royal Bank Of Canada upped their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. UBS Group increased their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Citigroup dropped their price target on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Eastman Chemical currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Key Eastman Chemical News

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Eastman reported second-quarter adjusted EPS of $1.97, above the $1.82 consensus estimate, while revenue reached $2.51 billion versus expectations of $2.40 billion. Earnings benefited from higher sales volumes, improved product mix and pricing, with revenue up about 10% year over year. EMN Q2 Earnings Beat on Volume Growth and Higher Pricing
• Positive Sentiment: Chemical Intermediates was a notable growth driver, with sales increasing 39%; Advanced Materials and Additives & Functional Products each grew 5%. Management also expects 2026 operating cash flow to approach $900 million, supporting the company’s financial flexibility. Eastman Q2 Sales Rise 10 Percent as Diluted EPS Hits $1.59
• Neutral Sentiment: Eastman set third-quarter 2026 EPS guidance at $1.97, modestly above the $1.92 analyst consensus. The narrow beat may have provided limited support for the stock after the earnings release. Eastman Chemical earnings and guidance
• Negative Sentiment: Operating cash flow declined to $224 million from $233 million a year earlier, despite the improvement in earnings. Fibers sales also fell 11%, highlighting continued weakness in part of the portfolio. Eastman Q2 Sales Rise 10 Percent as Diluted EPS Hits $1.59
• Negative Sentiment: Commentary that geopolitical disruptions, including the Iran conflict, may have benefited certain product markets could raise concerns that some of the quarter’s strength is temporary rather than driven entirely by durable demand. Eastman Chemical: Benefits From Iran Conflict Appear In Solid Q2

Institutional Trading of Eastman Chemical

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Eastman Chemical in the fourth quarter worth approximately $202,000. Meeder Advisory Services Inc. purchased a new position in Eastman Chemical during the 4th quarter valued at $271,000. WINTON GROUP Ltd bought a new position in Eastman Chemical in the 3rd quarter valued at $261,000. Syon Capital LLC purchased a new stake in Eastman Chemical in the fourth quarter worth $251,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Eastman Chemical during the fourth quarter valued at $211,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

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.