On Tuesday, Eastman Chemical Co (NYSE: EMN) was -2.58% drop from the session before settling in for the closing price of $104.01. A 52-week range for EMN has been $80.71 – $114.50.
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During the last 5-year period, the sales drop of Basic Materials Sector giant was -1.09%. When this article was written, the company’s average yearly earnings per share was at 19.32%. With a float of $115.18 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 23.59%, operating margin of 13.03%, and the pretax margin is 12.92%.
Eastman Chemical Co (EMN) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Eastman Chemical Co stocks. The insider ownership of Eastman Chemical Co is 0.63%, while institutional ownership is 90.17%. The most recent insider transaction that took place on Nov 06 ’24, was worth 321,405. In this transaction SVP & CTO of this company sold 3,061 shares at a rate of $105.00, taking the stock ownership to the 12,366 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Officer proposed sale 3,061 for $105.00, making the entire transaction worth $321,405.
Eastman Chemical Co (EMN) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 1.31 earnings per share (EPS) during the time that was better than consensus figure (set at 1.3) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.96 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.71% 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
You can see what Eastman Chemical Co (EMN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.26. Likewise, its price to free cash flow for the trailing twelve months is 19.58.
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 8.70 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 0.98 million, which is a jump from its year-to-date volume of 0.95 million. As of the previous 9 days, the stock’s Stochastic %D was 51.80%. Additionally, its Average True Range was 2.18.
During the past 100 days, Eastman Chemical Co’s (EMN) raw stochastic average was set at 37.43%, which indicates a significant decrease from 41.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.37% in the past 14 days, which was higher than the 24.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $106.25, while its 200-day Moving Average is $98.80. However, in the short run, Eastman Chemical Co’s stock first resistance to watch stands at $102.61. Second resistance stands at $103.89. The third major resistance level sits at $104.60. If the price goes on to break the first support level at $100.62, it is likely to go to the next support level at $99.91. Should the price break the second support level, the third support level stands at $98.63.
Eastman Chemical Co (NYSE: EMN) Key Stats
There are 115,913K outstanding shares of the company, which has a market capitalization of 11.75 billion. As of now, sales total 9,210 M while income totals 894,000 K. Its latest quarter income was 2,464 M while its last quarter net income were 180,000 K.
