Eastman Chemical Co (NYSE: EMN) kicked off on Tuesday, up 0.83% from the previous trading day, before settling in for the closing price of $100.05. Over the past 52 weeks, EMN has traded in a range of $75.01-$114.50.
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During the last 5-year period, the sales drop of Basic Materials Sector giant was -1.09%. While this was happening, its average annual earnings per share was recorded 19.31%. With a float of $116.12 million, this company’s outstanding shares have now reached $117.29 million.
Let’s determine the extent of company efficiency that accounts for 14000 employees. In terms of profitability, gross margin is 19.68%, operating margin of 10.87%, and the pretax margin is 10.77%.
Eastman Chemical Co (EMN) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Eastman Chemical Co is 0.63%, while institutional ownership is 88.14%. 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) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 1.31 earnings per share (EPS), higher than consensus estimate (set at 1.3) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.94 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.31% 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
Take a look at Eastman Chemical Co’s (EMN) current performance indicators. Last quarter, stock had a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.25. Likewise, its price to free cash flow for the trailing twelve months is 19.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.47, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 8.74 in one year’s time.
Technical Analysis of Eastman Chemical Co (EMN)
Looking closely at Eastman Chemical Co (NYSE: EMN), its last 5-days average volume was 1.22 million, which is a jump from its year-to-date volume of 0.94 million. As of the previous 9 days, the stock’s Stochastic %D was 14.14%. Additionally, its Average True Range was 2.19.
During the past 100 days, Eastman Chemical Co’s (EMN) raw stochastic average was set at 35.30%, which indicates a significant increase from 22.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.20% in the past 14 days, which was lower than the 23.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $105.74, while its 200-day Moving Average is $97.91. However, in the short run, Eastman Chemical Co’s stock first resistance to watch stands at $101.81. Second resistance stands at $102.74. The third major resistance level sits at $104.56. If the price goes on to break the first support level at $99.06, it is likely to go to the next support level at $97.24. Should the price break the second support level, the third support level stands at $96.31.
Eastman Chemical Co (NYSE: EMN) Key Stats
The company with the Market Capitalisation of 11.69 billion has total of 116,860K Shares Outstanding. Its annual sales at the moment are 9,210 M in contrast with the sum of 894,000 K annual income. Company’s last quarter sales were recorded 2,464 M and last quarter income was 180,000 K.
