Zacks Research Expects Weaker Earnings for Eastman Chemical

Eastman Chemical Company (NYSE:EMN) – Equities research analysts at Zacks Research lowered their FY2025 earnings per share estimates for Eastman Chemical in a report released on Friday, November 14th. Zacks Research analyst Team now anticipates that the basic materials company will earn $5.54 per share for the year, down from their prior estimate of $6.07. 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 Q1 2027 earnings at $1.75 EPS, Q2 2027 earnings at $1.75 EPS and Q3 2027 earnings at $1.89 EPS.

Several other equities analysts also recently commented on EMN. Wells Fargo & Company lowered their price target on Eastman Chemical from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Bank of America decreased their price objective on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. The Goldman Sachs Group dropped their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Citigroup boosted their target price on shares of Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Evercore ISI decreased their price target on shares of Eastman Chemical from $75.00 to $70.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Eastman Chemical currently has a consensus rating of “Moderate Buy” and an average target price of $78.62.

Eastman Chemical Stock Down 4.6%

EMN stock opened at $57.50 on Monday. The firm has a market cap of $6.56 billion, a PE ratio of 8.08, a PEG ratio of 6.16 and a beta of 1.31. Eastman Chemical has a 1 year low of $56.75 and a 1 year high of $107.50. The company has a fifty day simple moving average of $62.43 and a 200 day simple moving average of $70.47. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Monday, November 3rd. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.04). Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm earned $2.26 earnings per share. Eastman Chemical’s revenue was down 10.6% compared to the same quarter last year. Eastman Chemical has set its FY 2025 guidance at 5.400-5.65 EPS.

Institutional Investors Weigh In On Eastman Chemical

Several hedge funds have recently made changes to their positions in EMN. MUFG Securities EMEA plc acquired a new position in Eastman Chemical in the 2nd quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Eastman Chemical by 65.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 146 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Eastman Chemical during the second quarter valued at approximately $32,000. Loomis Sayles & Co. L P acquired a new position in shares of Eastman Chemical in the second quarter valued at $33,000. Finally, Rothschild Investment LLC lifted its position in Eastman Chemical by 65.6% in the third quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 229 shares during the period. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Company Profile

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.