Eastman Chemical Stock Today
EMN Stock | USD 99.58 1.26 1.28% |
Performance9 of 100
| Odds Of DistressLess than 6
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Eastman Chemical is selling at 99.58 as of the 28th of March 2024; that is 1.28 percent increase since the beginning of the trading day. The stock's open price was 98.32. Eastman Chemical has only a 6 % chance of going through financial distress over the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Eastman Chemical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of July 2023 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain Materials | IPO Date 10th of October 1993 | Category Basic Materials |
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee. Eastman Chemical operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. The company has 117.6 M outstanding shares of which 1.45 M shares are currently shorted by investors with about 1.25 days to cover. More on Eastman Chemical
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Follow Valuation Options Odds of Bankruptcy
Financial Report 25th of April 2024
Eastman Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eastman Chemical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eastman Chemical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Eastman Chemical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Eastman Chemical's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
Chairman | Mark Costa | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thematic Ideas | Showing 3 out of 4 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Diversified Chemicals, Specialty Chemicals, Basic Materials, NYSE Composite, SP 500 Index, Chemicals Makers, Synthetics, Chemicals, Manufacturing, Materials, Chemicals, Specialty Chemicals, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Excise Tax Activities | Animal Testing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Eastman Chemical report their recommendations after researching Eastman Chemical's financial statements, talking to executives and customers, or listening in on Eastman Chemical's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Eastman Chemical. The Eastman consensus assessment is calculated by taking the average forecast from all of the analysts covering Eastman Chemical. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the analysis of Eastman Chemical's profitability, liquidity, and operating efficiency, Eastman Chemical may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Eastman Chemical is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Eastman Chemical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Eastman Chemical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Eastman Chemical's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Eastman Chemical's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Eastman Chemical's financial leverage. It provides some insight into what part of Eastman Chemical's total assets is financed by creditors.
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Eastman Chemical (EMN) is traded on New York Stock Exchange in USA. It is located in 200 South Wilcox Drive, Kingsport, TN, United States, 37662 and employs 14,000 people. Eastman Chemical is listed under Diversified Chemicals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 11.56 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Eastman Chemical's market, we take the total number of its shares issued and multiply it by Eastman Chemical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Eastman Chemical runs under Chemicals sector within Materials industry. The entity has 117.6 M outstanding shares of which 1.45 M shares are currently shorted by investors with about 1.25 days to cover.
Eastman Chemical has about 493 M in cash with 1.37 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.84.
Check Eastman Chemical Probability Of Bankruptcy
Ownership AllocationEastman Chemical holds a total of 117.6 Million outstanding shares. The majority of Eastman Chemical outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Eastman Chemical to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Eastman Chemical. Please pay attention to any change in the institutional holdings of Eastman Chemical as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Eastman Ownership Details
Eastman Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Eastman Chemical jumping above the current price in 90 days from now is near 1%. The Eastman Chemical probability density function shows the probability of Eastman Chemical stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.1613 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Eastman Chemical will likely underperform. Additionally, eastman Chemical has an alpha of 0.0354, implying that it can generate a 0.0354 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Eastman Chemical to move above the current price in 90 days from now is near 1 (This Eastman Chemical probability density function shows the probability of Eastman Stock to fall within a particular range of prices over 90 days) .
Eastman Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Eastman Chemical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Eastman Chemical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Eastman Chemical's value.Instituion | Recorded On | Shares | |
Earnest Partners Llc | 2023-12-31 | 2 M | |
Bank Of America Corp | 2023-12-31 | 1.9 M | |
Lsv Asset Management | 2023-12-31 | 1.7 M | |
Norges Bank | 2023-12-31 | 1.4 M | |
Northern Trust Corp | 2023-12-31 | 1.3 M | |
Bank Of New York Mellon Corp | 2023-12-31 | 1.3 M | |
Charles Schwab Investment Management Inc | 2023-12-31 | 1.1 M | |
Clearbridge Advisors, Llc | 2023-12-31 | 948.7 K | |
Eagle Asset Management, Inc. | 2023-12-31 | 860.8 K | |
Vanguard Group Inc | 2023-12-31 | 14.8 M | |
Blackrock Inc | 2023-12-31 | 8.4 M |
Eastman Chemical Historical Income Statement
Eastman Chemical Income Statement is one of the three primary financial statements used for reporting Eastman's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eastman Chemical revenue and expense. Eastman Chemical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Eastman Chemical's Net Income From Continuing Ops is very stable compared to the past year. As of the 28th of March 2024, Non Recurring is likely to grow to about 70.1 M, while Depreciation And Amortization is likely to drop about 447.6 M. View More FundamentalsEastman Stock Against Markets
Picking the right benchmark for Eastman Chemical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eastman Chemical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eastman Chemical is critical whether you are bullish or bearish towards Eastman Chemical at a given time. Please also check how Eastman Chemical's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eastman Chemical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Eastman Chemical Corporate Directors
Eastman Chemical corporate directors refer to members of an Eastman Chemical board of directors. The board of directors generally takes responsibility for the Eastman Chemical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Eastman Chemical's board members must vote for the resolution. The Eastman Chemical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Charles Stevens | Independent Director | Profile | |
Kim Mink | Independent Director | Profile | |
Brett Begemann | Independent Director | Profile | |
Edward Doheny | Independent Director | Profile |
How to buy Eastman Stock?
Before investing in Eastman Chemical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Eastman Chemical. To buy Eastman Chemical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eastman Chemical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Eastman Chemical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eastman Chemical stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Eastman Chemical stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Eastman Chemical, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Eastman Stock please use our How to Invest in Eastman Chemical guide.
Already Invested in Eastman Chemical?
The danger of trading Eastman Chemical is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eastman Chemical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eastman Chemical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eastman Chemical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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When running Eastman Chemical's price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.
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Is Eastman Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 311.047 | Dividend Share 3.18 | Earnings Share 7.49 | Revenue Per Share 77.656 | Quarterly Revenue Growth (0.07) |
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.