TipRanks (Tue, 26-Mar 8:05 AM ET)
Wells Fargo Issues a Hold Rating on Eastman Chemical (EMN)
TipRanks (Tue, 26-Mar 4:47 AM ET)
Eastman Chemical wins up to $375M in DoE funding for second molecular recycling project
Seeking Alpha News (Mon, 25-Mar 9:25 AM ET)
PRNewswire (Mon, 25-Mar 9:01 AM ET)
Eastman Molecular Recycling Facility Achieves On-Spec Initial Production and Is Generating Revenue
Business Wire (Thu, 21-Mar 1:38 PM ET)
Eastman CFO Willie McLain to address the J.P. Morgan Industrials Conference
Business Wire (Thu, 7-Mar 12:00 PM ET)
Eastman CEO Mark Costa to address the Barclays Industrial Select Conference
Business Wire (Thu, 15-Feb 10:00 AM ET)
PRNewswire (Wed, 14-Feb 8:31 AM ET)
Eastman Board Declares Dividend
Business Wire (Tue, 13-Feb 3:45 PM ET)
Eastman Announces Fourth-Quarter and Full-Year 2023 Financial Results
Business Wire (Thu, 1-Feb 4:35 PM ET)
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
Eastman Chemical Company trades on the NYSE stock market under the symbol EMN.
As of March 28, 2024, EMN stock price climbed to $100.11 with 354,586 million shares trading.
EMN has a beta of 1.16, meaning it tends to be more sensitive to market movements. EMN has a correlation of 0.35 to the broad based SPY ETF.
EMN has a market cap of $11.77 billion. This is considered a Large Cap stock.
Last quarter Eastman Chemical Company reported $2 billion in Revenue and $1.31 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.01.
In the last 3 years, EMN stock traded as high as $130.47 and as low as $68.89.
The top ETF exchange traded funds that EMN belongs to (by Net Assets): VTI, VOO, SPY, VB, IVV.
EMN stock has underperformed the market in the last year with a return of +28.1%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EMN shares. However, EMN has outperformed the market in the last 3 month and 2 week periods, returning +11.2% and +9.4%, while SPY returned +10.1% and +1.7%, respectively. This indicates EMN has been having a stronger performance recently.
EMN support price is $98.21 and resistance is $100.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EMN stock will trade within this expected range on the day.