Eastman Chemical (NYSE:EMN) Announces Earnings Results, Misses Estimates By $0.08 EPS

Eastman Chemical (NYSE:EMN) released its quarterly earnings results on Thursday. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.08), FiscalAI reports. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.41 billion. Eastman Chemical had a net margin of 7.15% and a return on equity of 10.69%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $66.44 on Friday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.86 and a beta of 1.06. The business has a 50-day moving average of $66.85 and a two-hundred day moving average of $70.92. Eastman Chemical has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th were given a $0.84 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 5.1%. Eastman Chemical’s payout ratio is currently 87.50%.

Analysts Set New Price Targets

EMN has been the subject of a number of research reports. Zacks Research lowered Eastman Chemical from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Royal Bank Of Canada reduced their price target on Eastman Chemical from $74.00 to $65.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. cut Eastman Chemical from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $82.00 to $66.00 in a research note on Friday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Thursday, August 13th. Finally, Citigroup cut their price objective on shares of Eastman Chemical from $81.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Eastman Chemical presently has a consensus rating of “Hold” and an average target price of $74.64.

Trending Headlines about Eastman Chemical

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, improving the outlook for the company’s planned projects and strengthening its potential funding position. Eastman Chemical says DoE reinstates $375M award
• Positive Sentiment: Third-quarter revenue increased approximately 8% year over year to $2.38 billion, supported by higher selling prices and a 1% improvement in sales volume and mix. Advanced Materials, Additives & Functional Products, and Chemical Intermediates all recorded revenue growth. Eastman Q3 revenue rises 8%
• 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, net of inflation. Eastman also generated substantial operating cash flow and returned $96 million to shareholders through dividends. Eastman announces third-quarter 2026 financial results
• Neutral Sentiment: Eastman reported GAAP diluted EPS of $2.19, up from $0.60 a year earlier, while adjusted EPS was reported at $1.84. Investors may weigh the large year-over-year improvement against the difference between GAAP and adjusted results.
• Negative Sentiment: Adjusted third-quarter EPS of $1.84 missed the $1.92 consensus estimate, while revenue of roughly $2.38 billion came in below the $2.41 billion estimate. The earnings shortfall likely outweighed the year-over-year improvement in results. Eastman misses Q3 earnings and revenue estimates
• Negative Sentiment: Fibers revenue was flat as higher volume and mix were offset by lower selling prices, highlighting continued pricing pressure in part of the portfolio. Eastman Q3 earnings miss despite higher pricing
• Negative Sentiment: JPMorgan recently downgraded EMN from Overweight to Neutral, adding to concerns about near-term upside after the earnings miss. JPMorgan downgrades Eastman Chemical

About Eastman Chemical

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.