A new trading day began on Tuesday, with Eastman Chemical Co (NYSE: EMN) stock price up 0.39% from the previous day of trading, before settling in for the closing price of $91.21. EMN’s price has ranged from $80.71 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 19.15%. With a float of $115.17 million, this company’s outstanding shares have now reached $115.86 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 23.59%, operating margin of 13.03%, and the pretax margin is 12.92%.
Eastman Chemical Co (EMN) Insider and Institutional Ownership
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 0.64%, while institutional ownership is 88.59%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.15% 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
Here are Eastman Chemical Co’s current performance indicators. According to the last quarter’s results, the 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 1.14. Likewise, its price to free cash flow for the trailing twelve months is 17.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.47, a number that is poised to hit 1.60 in the next quarter and is forecasted to reach 8.66 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 1.29 million was superior to 0.98 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.79%. Additionally, its Average True Range was 2.17.
During the past 100 days, Eastman Chemical Co’s (EMN) raw stochastic average was set at 10.50%, which indicates a significant decrease from 19.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.18% in the past 14 days, which was lower than the 22.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $102.03, while its 200-day Moving Average is $100.43. Now, the first resistance to watch is $91.92. This is followed by the second major resistance level at $92.27. The third major resistance level sits at $92.82. If the price goes on to break the first support level at $91.02, it is likely to go to the next support level at $90.47. The third support level lies at $90.12 if the price breaches the second support level.
Eastman Chemical Co (NYSE: EMN) Key Stats
With a market capitalization of 10.61 billion, the company has a total of 115,913K Shares Outstanding. Currently, annual sales are 9,210 M while annual income is 894,000 K. The company’s previous quarter sales were 2,464 M while its latest quarter income was 180,000 K.
