Eastman Chemical (NYSE:EMN) Stock Breaks Above Fifty Day Moving Average After Earnings Miss

Eastman Chemical Company (NYSE:EMN)’s stock price passed above its 50-day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a 50-day moving average of $67.00 and traded as high as $68.17. Eastman Chemical shares last traded at $68.00, with a volume of 1,726,429 shares trading hands.

The basic materials company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.08). Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company earned $1.14 earnings per share. Eastman Chemical’s revenue for the quarter was up 8.3% on a year-over-year basis.

Eastman Chemical Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.9%. The ex-dividend date was Tuesday, September 15th. Eastman Chemical’s payout ratio is currently 87.50%.

More Eastman Chemical News

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

• Positive Sentiment: The U.S. Department of Energy reinstated a $375 million award to Eastman, supporting the company’s plans and reducing uncertainty around the funding. Eastman Chemical says DoE reinstates $375M award; Q3 earnings miss consensus
• Positive Sentiment: Third-quarter revenue rose approximately 8% year over year to $2.38 billion, helped by higher selling prices and a 1% improvement in sales volume and mix. Advanced Materials, Additives & Functional Products, and Chemical Intermediates all posted revenue gains. Eastman Chemical Company Reports Earnings Results
• Positive Sentiment: Management maintained its full-year adjusted EPS outlook of $6.00 to $6.20 and expects $125 million to $150 million of 2026 cost savings, while reporting $290 million of quarterly operating cash flow and returning $96 million through dividends. Eastman Announces Third-Quarter 2026 Financial Results
• Neutral Sentiment: Eastman reported GAAP diluted EPS of $2.19, compared with $0.60 a year earlier; however, adjusted EPS was reported at $1.84, making comparisons dependent on the measure used.
• Negative Sentiment: Adjusted third-quarter EPS of $1.84 missed the $1.92 consensus estimate, while revenue of roughly $2.38 billion was below the $2.41 billion forecast. Eastman Chemical Misses Q3 Earnings and Revenue Estimates
• Negative Sentiment: JPMorgan downgraded EMN from Overweight to Neutral, signaling reduced near-term conviction in the stock’s upside potential. JPMorgan downgrades Eastman Chemical

Analysts Set New Price Targets

A number of brokerages have commented on EMN. Zacks Research downgraded Eastman Chemical from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Wells Fargo & Company set a $68.00 target price on Eastman Chemical in a research note on Friday, October 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of Eastman Chemical in a research report on Friday, September 25th. Royal Bank Of Canada decreased their price target on shares of Eastman Chemical from $74.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Finally, UBS Group lowered their price target on shares of Eastman Chemical from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.64.

Institutional Investors Weigh In On Eastman Chemical

Institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC bought a new position in shares of Eastman Chemical during the 3rd quarter worth approximately $9,281,000. Vise Technologies Inc. boosted its stake in Eastman Chemical by 59.2% in the 3rd quarter. Vise Technologies Inc. now owns 6,303 shares of the basic materials company’s stock valued at $409,000 after buying an additional 2,344 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in Eastman Chemical in the 3rd quarter valued at $202,000. State of Wyoming grew its position in Eastman Chemical by 81.8% in the third quarter. State of Wyoming now owns 8,537 shares of the basic materials company’s stock valued at $554,000 after acquiring an additional 3,841 shares during the period. Finally, Prosperitas Financial LLC grew its position in Eastman Chemical by 8.8% in the third quarter. Prosperitas Financial LLC now owns 3,347 shares of the basic materials company’s stock valued at $217,000 after acquiring an additional 272 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Stock Up 2.0%

The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $67.00 and a two-hundred day simple moving average of $70.93. The stock has a market capitalization of $7.78 billion, a P/E ratio of 17.71, a PEG ratio of 0.86 and a beta of 1.06.

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials and chemicals company that develops and manufactures products used in transportation, building and construction, consumer goods, medical products, packaging, and other industrial applications. Its portfolio includes specialty plastics, coatings, adhesives, fibers, additives, intermediates, and other performance materials.

The company’s products are designed to provide properties such as durability, chemical resistance, lightweight performance, clarity, and enhanced functionality.