Holdings of Eastman Chemical Co (EMN) are aligned with the stars

With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.15 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $96.6385 whereas the lowest price it dropped to was $95.3. The 52-week range on EMN shows that it touched its highest point at $102.71 and its lowest point at $68.89 during that stretch. It currently has a 1-year price target of $101.05. With its current market cap of 11.29 billion, EMN has annualized dividend of $3.20 while the current yield stands at 3.33%. Beta for the stock currently stands at 1.55.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EMN was down-trending over the past week, with a drop of -4.00%, but this was up by 3.17% over a month. Three-month performance surged to 10.38% while six-month performance rose 29.01%. The stock gained 16.39% in the past year, while it has gained 6.90% so far this year. A look at the trailing 12-month EPS for EMN yields 7.50 with Next year EPS estimates of 8.95. For the next quarter, that number is 1.43. This implies an EPS growth rate of 19.96% for this year and 16.58% for next year. EPS is expected to grow by 4.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.19%.

Float and Shares Shorts:

At present, 117.29 million EMN shares are outstanding with a float of 116.85 million shares on hand for trading. On 2024-03-28, short shares totaled 2.18 million, which was 186.0 higher than short shares on 1709164800. In addition to Mr. Mark J. Costa as the firm’s Chairman & CEO, Mr. William Thomas McLain Jr. serves as its CFO & Executive VP.

Institutional Ownership:

Through their ownership of 0.86493 of EMN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, EMN reported revenue of $2207000000.0 and operating income of $175000000.0. The EBITDA in the recently reported quarter was $277000000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EMN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.