Eastman Chemical (NYSE:EMN) Given Media Impact Score of 0.16
Media coverage about Eastman Chemical (NYSE:EMN) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of 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 0.16 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.3009447264238 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Commit To Purchase Eastman Chemical At $85, Earn 13.1% Annualized Using Options – Nasdaq (nasdaq.com)
- Eastman Chemical Co (EMN)’s Tenkan Moves Above The Kijun Line – Evergreen Caller (evergreencaller.com)
- Eastman Chemical (NYSE:EMN) & Westlake Chemical Partners (WLKP) Head to Head Comparison (americanbankingnews.com)
- Eastman Chemical (EMN) to Hike Prices of Specific Products – Nasdaq (nasdaq.com)
A number of brokerages have recently commented on EMN. Zacks Investment Research cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a report on Friday, May 19th. UBS AG reissued a “buy” rating and set a $95.00 price target (up from $90.00) on shares of Eastman Chemical in a report on Sunday, June 25th. Citigroup Inc. increased their price target on shares of Eastman Chemical from $81.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, July 12th. TheStreet raised shares of Eastman Chemical from a “c+” rating to a “b” rating in a report on Monday, April 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $85.00 price target on shares of Eastman Chemical in a report on Monday, June 5th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $86.00.
Shares of Eastman Chemical (NYSE:EMN) traded up 0.5157% on Tuesday, reaching $86.2425. 483,367 shares of the company’s stock were exchanged. The company has a market capitalization of $12.58 billion, a P/E ratio of 14.5043 and a beta of 1.28. Eastman Chemical has a 1-year low of $62.70 and a 1-year high of $86.60. The stock’s 50-day moving average price is $83.85 and its 200-day moving average price is $80.28.
Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Eastman Chemical had a net margin of 9.84% and a return on equity of 22.23%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.24 billion. Analysts anticipate that Eastman Chemical will post $7.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Thursday, June 15th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.38%. Eastman Chemical’s dividend payout ratio (DPR) is 33.83%.
In other Eastman Chemical news, Director Lewis M. Kling sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $79.88, for a total transaction of $319,520.00. Following the sale, the director now directly owns 15,693 shares in the company, valued at approximately $1,253,556.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.14% of the stock is currently owned by insiders.
About Eastman Chemical
Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.
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