Eastman Chemical (EMN) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 25, 2024, might help the stock move higher if these key numbers are bet ...

For the most recent quarter, Eastman Chemical was expected to post earnings of $1.41 per share, but it reported $1.61 per share instead, representing a surprise of 14.18%. For the previous quarter, the consensus estimate was $1.28 per share, while it actually produced $1.31 per share, a surprise of 2.34%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks ...

aydinmutlu/E+ via Getty Images Eastman Chemical (NYSE:EMN) is a specialty chemicals and materials innovation company that operates in four segments: Advanced Materials, Additives and Functional Products, Chemical Intermediates, and Fibers. It is headquartered in Tennessee but has plants in twelve countries and competes with many other chemicals companies. The company's market capitalization is 11% higher than a year ago. Its dividend yield is 3.4%. Eastman has just opened a new methanolysis (recycling) plan ...

High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, EMN is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold). Based in ...

Image Source: Zacks Investment Research Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating costs from its operational transformation program in 2024. The company is also expected to gain from the revenues and earnings generated by its Kingsport methanolysis facility in 2024, mostly in the second half of the year. The facility is expected to deliver roughly $75 million of incremental EBITDA growth in 2024. EMN is exposed to headwinds from weak demand and conti ...

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Company Overview - Eastman Chemical (EMN) is headquartered in Kingsport and operates in the Basic Materials sector [6] - The stock has experienced a price change of 15.23% since the beginning of the year [6] Dividend Information - Eastman Chemical currently pays an annualized dividend of $3.24, reflecting a 1.9% increase from the previous year [3] - Over the last 5 years, the company has increased its dividend 5 times, averaging an annual increase of 6.14% [3] - The current payout ratio for Eastman Chemical is 51%, indicating that it pays out 51% of its trailing 12-month earnings per share as dividends [3] Comparison with Industry - Eastman Chemical's dividend yield is 3.13%, which is significantly higher than the Chemical - Diversified industry's yield of 1.71% and the S&P 500's yield of 1.59% [6] Earnings Growth - The Zacks Consensus Estimate for Eastman Chemical's earnings for the fiscal year 2024 is $7.75 per share, representing a year-over-year growth rate of 21.09% [7]

Eastman Chemical Company (EMN) is on a mission to make sustainable fashion more accessible by making Naia Renew available at scale, which provides versatility across a wide range of fashion segments. Eastman's integration of Naia Renew into the denim segment gets it one step closer to its aim of making sustainable style accessible to all. The company is exhibiting Naia Renew's potential with many of its worldwide brand partners, who are already using the novel fibers in denim. Denim Premiere Vision brings t ...

Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one- third of total returns in many cases. Eastman Chemical in Focus Base ...

Eastman and Debrand demonstrate the transformational power of molecular recycling technology to address the textile waste challenge. The partnership raises the bar for sustainable practices in the fashion sector by offering more circular solutions for apparel waste. Before it collaborated with Eastman, Debrand received a strategic investment from Waste Management, North America's leading provider of complete waste management, to supply circular solutions in the United States and Canada. Shares of Eastman ha ...