Eastman Chemical Co (NYSE: EMN) kicked off on Tuesday, down -0.76% from the previous trading day, before settling in for the closing price of $100.08. Over the past 52 weeks, EMN has traded in a range of $80.71-$114.50.
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Annual sales at Basic Materials sector company slipped by -1.09% over the past five years. While this was happening, its average annual earnings per share was recorded 19.31%. With a float of $115.18 million, this company’s outstanding shares have now reached $115.86 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
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 88.74%. The most recent insider transaction that took place on Nov 29 ’24, was worth 1,919,190. In this transaction CEO & Board Chair of this company sold 18,278 shares at a rate of $105.00, taking the stock ownership to the 395,699 shares. Before that another transaction happened on Dec 03 ’24, when Company’s SVP, Chf HR Ofcr sold 3,683 for $104.88, making the entire transaction worth $386,273. This insider now owns 0 shares in total.
Eastman Chemical Co (EMN) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.95 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 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
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 1.23. Likewise, its price to free cash flow for the trailing twelve months is 19.19.
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)
Eastman Chemical Co (NYSE: EMN) saw its 5-day average volume 1.32 million, a positive change from its year-to-date volume of 0.96 million. As of the previous 9 days, the stock’s Stochastic %D was 8.09%. Additionally, its Average True Range was 2.11.
During the past 100 days, Eastman Chemical Co’s (EMN) raw stochastic average was set at 27.33%, which indicates a significant increase from 12.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.98% in the past 14 days, which was lower than the 23.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $105.05, while its 200-day Moving Average is $100.11. Nevertheless, the first resistance level for the watch stands at $100.45 in the near term. At $101.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $102.72. If the price goes on to break the first support level at $98.18, it is likely to go to the next support level at $97.05. Assuming the price breaks the second support level, the third support level stands at $95.91.
Eastman Chemical Co (NYSE: EMN) Key Stats
The company with the Market Capitalisation of 11.51 billion has total of 115,913K 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.
