Media coverage about Eastman Chemical (NYSE:EMN) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eastman Chemical earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.4753782302217 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern’s scoring:

EMN has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. KeyCorp reiterated a “buy” rating and issued a $118.00 price objective (up previously from $108.00) on shares of Eastman Chemical in a research note on Monday, January 8th. Cowen reiterated an “outperform” rating and issued a $106.00 price objective (up previously from $92.00) on shares of Eastman Chemical in a research note on Friday, December 8th. Tudor Pickering initiated coverage on shares of Eastman Chemical in a research note on Tuesday, November 14th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Eastman Chemical from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.60.

Shares of Eastman Chemical (NYSE EMN) traded up $1.30 during midday trading on Friday, hitting $98.13. 1,150,000 shares of the company traded hands, compared to its average volume of 1,030,000. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.83 and a quick ratio of 0.94. Eastman Chemical has a 12-month low of $74.78 and a 12-month high of $98.24. The firm has a market capitalization of $14,100.00, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, October 26th. The basic materials company reported $2.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.16. Eastman Chemical had a net margin of 10.89% and a return on equity of 22.77%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. research analysts forecast that Eastman Chemical will post 7.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Monday, December 18th were issued a dividend of $0.56 per share. This is an increase from Eastman Chemical’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, December 15th. Eastman Chemical’s dividend payout ratio (DPR) is 32.51%.

In other Eastman Chemical news, SVP Perry Stuckey sold 5,200 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $92.12, for a total transaction of $479,024.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.14% of the company’s stock.

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About Eastman Chemical

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.

Insider Buying and Selling by Quarter for Eastman Chemical (NYSE:EMN)

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