Ratios Uncovered: Breaking Down Eastman Chemical Co (EMN)’s Trailing Twelve Months Metrics

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The price of Eastman Chemical Co (NYSE: EMN) closed at $100.81 in the last session, up 0.08% from day before closing price of $100.73. In other words, the price has increased by $0.08 from its previous closing price. On the day, 0.67 million shares were traded. EMN stock price reached its highest trading level at $101.61 during the session, while it also had its lowest trading level at $100.25.

Ratios:

We take a closer look at EMN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.78.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on April 29, 2024, Upgraded its rating to Buy and sets its target price to $125 from $102 previously.

On February 15, 2024, Redburn Atlantic started tracking the stock assigning a Buy rating and target price of $110.

UBS Downgraded its Buy to Neutral on November 02, 2023, whereas the target price for the stock was revised from $91 to $81.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 14 ’24 when RAISBECK DAVID W sold 13,500 shares for $100.50 per share. The transaction valued at 1,356,750 led to the insider holds 29,357 shares of the business.

Holt Adrian James sold 3,662 shares of EMN for $370,814 on May 10 ’24. The SVP, Chf HR Ofcr now owns 0 shares after completing the transaction at $101.26 per share. On May 07 ’24, another insider, Costa Mark J, who serves as the CEO & Board Chair of the company, sold 102,390 shares for $100.78 each. As a result, the insider received 10,318,864 and left with 395,699 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EMN now has a Market Capitalization of 11855155200 and an Enterprise Value of 16625125376. As of this moment, Eastman’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.96, and their Forward P/E ratio for the next fiscal year is 11.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 2.14. Its current Enterprise Value per Revenue stands at 1.825 whereas that against EBITDA is 10.754.

Stock Price History:

The Beta on a monthly basis for EMN is 1.52, which has changed by 0.2090429 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, EMN has reached a high of $102.71, while it has fallen to a 52-week low of $68.89. The 50-Day Moving Average of the stock is 4.31%, while the 200-Day Moving Average is calculated to be 17.76%.

Shares Statistics:

According to the various share statistics, EMN traded on average about 1.01M shares per day over the past 3-months and 795950 shares per day over the past 10 days. A total of 117.29M shares are outstanding, with a floating share count of 116.85M. Insiders hold about 0.64% of the company’s shares, while institutions hold 85.64% stake in the company. Shares short for EMN as of 1714435200 were 1744044 with a Short Ratio of 1.72, compared to 1711584000 on 2184985. Therefore, it implies a Short% of Shares Outstanding of 1744044 and a Short% of Float of 1.71.

Dividends & Splits

The forward annual dividend rate for EMN is 3.20, which was 3.2 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.03176809The stock’s 5-year Average Dividend Yield is 3.29. The current Payout Ratio is 42.47% for EMN, which recently paid a dividend on 2024-03-14 with an ex-dividend date of 1718582400. Stock splits for the company last occurred on 2011-10-04 when the company split stock in a 2:1 ratio.

Earnings Estimates

The stock of Eastman Chemical Co (EMN) is currently in the spotlight, with 18.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $2.02 for the current quarter, with a high estimate of $2.11 and a low estimate of $1.95, while EPS last year was $1.99. The consensus estimate for the next quarter is $2.18, with high estimates of $2.36 and low estimates of $2.02.

Analysts are recommending an EPS of between $7.95 and $7.5 for the fiscal current year, implying an average EPS of $7.72. EPS for the following year is $9.01, with 20.0 analysts recommending between $10.5 and $8.25.

Revenue Estimates

For the next quarter, 14 analysts are estimating revenue of $2.4B. There is a high estimate of $2.56B for the next quarter, whereas the lowest estimate is $2.29B.

A total of 19 analysts have provided revenue estimates for EMN’s current fiscal year. The highest revenue estimate was $9.87B, while the lowest revenue estimate was $8.91B, resulting in an average revenue estimate of $9.4B. In the same quarter a year ago, actual revenue was $9.21BBased on 19 analysts’ estimates, the company’s revenue will be $9.88B in the next fiscal year. The high estimate is $10.27B and the low estimate is $9.14B.

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