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Eastman Chemical (GB:0IF3)
LSE:0IF3
Holding GB:0IF3?
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0IF3 Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$68.93 - $111.46
Previous Close$110
Volume167.00
Average Volume (3M)963.00
Market Cap
$12.92B
Enterprise Value$18.00B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$5.03B
Price to Earnings (P/E)14.8
Beta1.21
Next Earnings
Oct 24, 2024EPS Estimate
$2.14Last Dividend Ex-Date
Sep 16, 2024Dividend Yield2.91%
Share Statistics
EPS (TTM)7.44
Shares Outstanding116,860,402
10 Day Avg. Volume242
30 Day Avg. Volume963
Standard Deviation0.11
R-Squared0.27
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)0.71
Price to Sales (P/S)1.41
Price to Cash Flow (P/CF)8.80
P/FCF Ratio8.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.97
Enterprise Value/Gross Profit8.73
Enterprise Value/Ebitda10.40
Forecast
1Y Price Target
$112.92Price Target Upside2.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Eastman Chemical News
Bulls Say, Bears Say
Bulls Say
Earnings PerformanceEarnings came in ahead of expectations on lower-than-expected Other Expenses and slightly-better-than-expected earnings in all 4 operating segments.
Market PositionShare gains will likely help the company outpace OEM production trends by 200-300bps.
Production IssuesProduction issues at the Kingsport facility are resolved, and >$150m in run-rate annual EBITDA by 2025 is likely.
Bears Say
CostsEastman had higher costs flowing through into inventory due to downtime at the Kingsport methanolysis facility.
DemandThe overall demand environment remains muted with modest demand growth in North America, a trough in Europe, and only a minimal rebound in North America.
Market DemandUnderlying primary demand remains weak, and there is little evidence for end-market demand improvement in the second half of the year.
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Options Prices
Currently, No data available
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Ownership Overview
1.73% Insiders
32.15% Mutual Funds
44.12% Other Institutional Investors
22.00% Public Companies and
Individual Investors
0IF3 FAQ
What was Eastman Chemical’s price range in the past 12 months?
Eastman Chemical lowest share price was $68.93 and its highest was $111.46 in the past 12 months.
What is Eastman Chemical’s market cap?
Currently, no data Available
When is Eastman Chemical’s upcoming earnings report date?
Eastman Chemical’s upcoming earnings report date is Oct 24, 2024 which is in 28 days.
How were Eastman Chemical’s earnings last quarter?
Eastman Chemical released its earnings results on Jul 25, 2024. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.012 by $0.138.
Is Eastman Chemical overvalued?
According to Wall Street analysts Eastman Chemical’s price is currently Undervalued.
Does Eastman Chemical pay dividends?
Eastman Chemical pays a Quarterly dividend of $0.81 which represents an annual dividend yield of 2.91%. See more information on Eastman Chemical dividends here
What is Eastman Chemical’s EPS estimate?
Eastman Chemical’s EPS estimate is $2.14.
How many shares outstanding does Eastman Chemical have?
Eastman Chemical has 116,860,405 shares outstanding.
What happened to Eastman Chemical’s price movement after its last earnings report?
Eastman Chemical reported an EPS of $2.15 in its last earnings report, beating expectations of $2.012. Following the earnings report the stock price went up 2.716%.
Which hedge fund is a major shareholder of Eastman Chemical?
Among the largest hedge funds holding Eastman Chemical’s share is Atlantic Investment Management Inc. It holds Eastman Chemical’s shares valued at 36M.
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Eastman Chemical Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$112.92 (2.65% Upside)
$112.92 (2.65% Upside)
Blogger Sentiment
Bullish
GB:0IF3 Sentiment 100%
Sector Average 71%
Sector Average 71%
Technicals
SMA
Positive
20 days / 200 days
Momentum
49.62%
12-Months-Change
Fundamentals
Return on Equity
16.19%
Trailing 12-Months
Asset Growth
1.18%
Trailing 12-Months
Company Description
Eastman Chemical
Eastman Chemical Co. engages in the provision of specialty chemicals. It operates through the following segments: Additives and Functional Products, Advanced Materials, Chemical Intermediates and Fibers. The Additives and Functional Products segment includes chemicals for products in the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. The Advanced Materials segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The Chemical Intermediates segment consists of large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support operating segments with advantaged cost positions. The Fiber segment offers cellulose acetate tow for use in filtration media, primarily cigarette filters. The company was founded by George Eastman in 1920 and is headquartered in Kingsport, TN.
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0IF3 Company Deck
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0IF3 Earnings Call
Q2 2024
0:00 / 0:00
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0IF3 Sales Breakdown
31.83% Advanced Materials
30.77% Additives & Functional Products
23.27% Chemical Intermediates
14.06% Fibers
0.07% Other
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0IF3 Stock 12 Month Forecast
Average Price Target
$112.92
▲(2.65% Upside)
Technical Analysis
Best Analysts Covering 0IF3
1 Year
1 Year Success Rate
11/16 ratings generated profit
1 Year Average Return
+23.51%
reiterated a buy rating 2 months ago
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