This Is Too Hot For Eastman Chemical Co (NYSE: EMN), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, EMN falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. The current market capitalization of Eastman Chemical Co is $12.28B. A total of 1.16 million shares were traded on the day, compared to an average of 835.71K shares.

In the most recent transaction, Holt Adrian James sold 1,975 shares of EMN for 99.22 per share on Jun 03 ’24. After the transaction, the SVP, Chf HR Ofcr now owns 0 company shares. In a previous transaction on May 15 ’24, LICH BRAD A sold 23,028 shares at 100.51 per share. EMN shares that EVP & CCO owns now total 68,793.

Among the insiders who sold shares, RAISBECK DAVID W disposed of 13,500 shares on May 14 ’24 at a per-share price of $100.50. This resulted in the Director holding 29,357 shares of EMN after the transaction. In another insider transaction, Holt Adrian James sold 3,662 shares at $101.26 per share on May 10 ’24. Company shares held by the SVP, Chf HR Ofcr now total 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Eastman Chemical Co pays an annual dividend of $3.24, resulting in a dividend yield of 3.08%, and it has a price to earnings (P/E) ratio of 14.12. EMN’s most recent ex-dividend date was 9/16/2024 when it declared a $0.81 quarterly dividend that was paid in cash on 10/7/2024. Previously, the company paid the dividend on 7/9/2024 with an ex-dividend date of 6/17/2024. The EMN stock dividend was $0.81 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, EMN has a high of $114.50 and a low of $72.87.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. EMN’s latest balance sheet shows that the firm has $459.00M in Cash & Short Term Investments as of fiscal 2021. There were $5.16B in debt and $2.97B in liabilities at the time. Its Book Value Per Share was $48.17, while its Total Shareholder’s Equity was $5.79B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EMN is Buy with a score of 3.94.

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