A new trading day began on Friday, with Eastman Chemical Co (NYSE: EMN) stock price down -0.56% from the previous day of trading, before settling in for the closing price of $109.45. EMN’s price has ranged from $68.89 to $114.50 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales slided by -1.09%. Meanwhile, its annual earnings per share averaged 20.16%. With a float of $116.12 million, this company’s outstanding shares have now reached $117.29 million.
The extent of productivity of a business whose workforce counts for 14000 workers is very important to gauge. In terms of profitability, gross margin is 19.06%, operating margin of 10.29%, and the pretax margin is 10.3%.
Eastman Chemical Co (EMN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of Eastman Chemical Co is 0.63%, while institutional ownership is 87.89%. The most recent insider transaction that took place on Jun 03 ’24, was worth 195,960. In this transaction SVP, Chf HR Ofcr of this company sold 1,975 shares at a rate of $99.22, taking the stock ownership to the 0 shares. Before that another transaction happened on May 15 ’24, when Company’s EVP & CCO sold 23,028 for $100.51, making the entire transaction worth $2,314,544. This insider now owns 68,793 shares in total.
Eastman Chemical Co (EMN) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.47 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.78 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.19% during the next five years compared to -0.19% drop over the previous five years of trading.
Eastman Chemical Co (NYSE: EMN) Trading Performance Indicators
Here are Eastman Chemical Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 21.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.44, a number that is poised to hit 2.14 in the next quarter and is forecasted to reach 8.97 in one year’s time.
Technical Analysis of Eastman Chemical Co (EMN)
The latest stats from [Eastman Chemical Co, EMN] show that its last 5-days average volume of 0.85 million was inferior to 0.95 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 43.07%. Additionally, its Average True Range was 2.02.
During the past 100 days, Eastman Chemical Co’s (EMN) raw stochastic average was set at 73.11%, which indicates a significant increase from 38.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.67% in the past 14 days, which was lower than the 24.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.02, while its 200-day Moving Average is $96.87. Now, the first resistance to watch is $109.87. This is followed by the second major resistance level at $110.89. The third major resistance level sits at $111.74. If the price goes on to break the first support level at $108.00, it is likely to go to the next support level at $107.15. Assuming the price breaks the second support level, the third support level stands at $106.13.
Eastman Chemical Co (NYSE: EMN) Key Stats
With a market capitalization of 12.72 billion, the company has a total of 117,649K Shares Outstanding. Currently, annual sales are 9,210 M while annual income is 894,000 K. The company’s previous quarter sales were 2,363 M while its latest quarter income was 230,000 K.
