EMN - Eastman Chemical Company

NYSE - NYSE Delayed Price. Currency in USD
78.57
-0.72 (-0.91%)
At close: 4:03PM EST
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Previous Close79.29
Open79.59
Bid0.00 x 1100
Ask0.00 x 800
Day's Range78.21 - 80.19
52 Week Range61.22 - 86.18
Volume1025036
Avg. Volume1,031,296
Market Cap11B
Beta (5Y Monthly)1.39
PE Ratio (TTM)14.29
EPS (TTM)5.50
Earnings DateJan 29, 2020 - Feb 3, 2020
Forward Dividend & Yield2.64 (3.36%)
Ex-Dividend Date2019-12-13
1y Target Est86.50
  • U.S. Chemicals Growth to Cool in 2020 Amid Trade Headwinds
    Zacks

    U.S. Chemicals Growth to Cool in 2020 Amid Trade Headwinds

    The ACC envisions U.S. chemical production volumes to grow a paltry 0.4% in 2020 amid trade uncertainties and global manufacturing slowdown.

  • GlobeNewswire

    Eastman Announces Retirement of Chief Financial Officer Curtis E. Espeland

    Eastman Chemical Company (EMN) today announced that, after nearly 25 years of service, Curtis E. Espeland, Executive Vice President and Chief Financial Officer, will be succeeded on Feb. 28, 2020 by current Vice President, Finance William T. McLain, Jr. Espeland will continue to serve as Executive Vice President to assist the Executive Team with finance organization transition, corporate strategy, and portfolio optimization until his retirement in mid-2020.

  • Eastman Chemical (EMN) Announces Hike in Quarterly Dividend
    Zacks

    Eastman Chemical (EMN) Announces Hike in Quarterly Dividend

    The increase in Eastman Chemical's (EMN) quarterly dividend for the tenth consecutive year reflects its capacity to generate strong cash flow and deliver earnings growth.

  • 7 Overlooked Value Stocks to Buy That Will Shine in 2020
    InvestorPlace

    7 Overlooked Value Stocks to Buy That Will Shine in 2020

    The stock market is hitting new all-time highs. With it, many of investors' favorite stocks are becoming rather expensive. There are certainly fewer cheap value stocks today than there were last December, that's for sure.But don't despair. The rise in the S&P 500 and other stock market indexes hasn't caused all stocks to rise uniformly. Many companies have missed out on the rally. Some of these value stocks are held back by headline news, such as the trade war. Others of these value stocks are overlooked for more subtle reasons.Regardless, it's time to start sleuthing out some of the market's best holiday deals before the new year kicks off. Here are seven value stocks that need to be on your radar now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Value Stocks to Buy: Intel (INTC)Source: Sundry Photography / Shutterstock.com Like several of the companies on this list, Intel (NASDAQ:INTC) is currently dogged by trade war concerns. The lack of certainty around the future of U.S.-China business relations puts a crimp on semiconductor spending. This has caused INTC stock to stall out just below the key $60 resistance level yet again, despite sharply improving operating metrics in recent quarters.Even as Intel stock has moved higher in recent years, the price-to-earnings ratio has failed to expand to any meaningful degree. Now, at $56 per share, Intel sells for just 12 times forward earnings. Intel's earnings, you should remember, are up from less than $2.50 per share in recent years to more than $4 per share today. Yet the market is still pricing Intel as though it were a little-to-no growth business.This idea that Intel is just a stagnant PC chip business really needs to be retired. The company has heavily invested in all sorts of new growth avenues to move beyond its legacy cash cow. Intel's strides in autonomous vehicles are particularly impressive. Yet, it still sells at a bargain-bin price. All the better for investors buying Intel stock today, however. Intel pays a healthy dividend and has bought back more than 1 billion shares of INTC stock over the course of this decade. * 7 Hot Stocks for 2020's Big Trends Sooner or later, the market will catch on to the huge earnings growth and capital return story that Intel is offering its shareholders. Wells Fargo (WFC)Source: Kristi Blokhin / Shutterstock.com Beloved by Warren Buffett and known for its sterling reputation, Wells Fargo (NYSE:WFC) used to be the cream of the banking crop. Then the scandal headlines and customer lawsuits started hitting and Wells Fargo's reputation went from outstanding to infamous virtually overnight.With it, so did Wells Fargo's valuation. Despite a roaring stock market in general and earnings growth at Wells Fargo over the past five years, WFC stock has gone absolutely nowhere. Five years ago in December, WFC stock sold for $55 per share, now it is at $54. In that time, it's gone from being highly priced to being a deep value stock.Why is it time to forgive WFC for its mistakes and buy into the story today? For one, all the old management has been cleaned out. The company has gotten rid of those with ties to the scandals and brought in highly respected former Visa (NYSE:V) CEO Charles Scharf. Two, the company is set for massive earnings growth in coming years. It is buying back 10% of its stock annually, which boosts earnings per share.Plus, Wells Fargo has billions in extra legal and compliance costs right now related to the bad customer practices of yesteryear. As those costs wind down going forward, profits will surge. Even assuming flat revenues due to the difficult interest rate environment, Wells Fargo should be able to get to $6 of EPS over the next two years, which would lead to 35% upside for the stock assuming a reasonable 12x-13x P/E ratio. Suncor (SU)Source: Kodda / Shutterstock.com Most investors hate energy stocks right now. It's not hard to see why; oil prices crashed in 2014 and have failed to meaningfully recover since then. Meanwhile natural gas has been getting more and more oversupplied with every passing year. Energy prices have been in steady retreat, so the industry has faced a calamitous downturn. Smaller exploration and production companies have been going bankrupt in droves, and things haven't been looking too good for the midstream pipeline companies either.Don't throw out the baby with the bathwater though. The major oil companies are still great investments. In fact, the longer oil prices stay down, the better the oil majors will do when the cycle finally turns up again. That's because the shortage of capital in the industry now is forcing severe layoffs and cutbacks on expansion plans. In future years, supply will drop significantly thanks to the absence of new production efforts. On top of that, the majors have been buying up assets on the cheap to take advantage of current market conditions.That's where Suncor (NYSE:SU) comes in. The Canadian integrated oil giant has been quietly building an oil sands production and refining empire over the past decade. Oil sands have become one of the world's cheapest sources of oil, with Suncor producing for just $25 per barrel or so. It also has supplies to last for many decades; oil sands, unlike shale, do not deplete quickly. Suncor's refining capacity has also insulated it from low crude oil prices in North America as it can sell higher-value gasoline and other finished petroleum products.Add it all up, and Suncor is a cash flow machine. It is offering a 12% cash flow yield, giving it room to pay a 4% dividend yield which it tends to hike by double digits every year. The company also has enough left over to both buy back stock and pay down debt. When oil prices turn up, Suncor stock will be set for a massive rally. Altria (MO)Source: Kristi Blokhin / Shutterstock.com Tobacco leader Altria (NYSE:MO) isn't quite the cheapest of value stocks, at least not compared to a month or two ago. Altria shares have recovered from $40 to $50. But don't think you're too late, Altria is still a relative bargain today. Keep in mind that MO stock traded as high as $75 per share not that long ago.It's not hard to see why Altria stock crashed. The company has seen its cigarette sales volumes decline more aggressively in recent years; the annual declines have moved from low single digits to closer to 5%. This makes it hard to keep revenues flat or increasing merely from price hikes. Altria seemingly panicked as a result, and paid way too much for its minority stake in vaping leader Juul. Investors have punished Altria mercilessly for this ill-timed blunder. As the federal government has cracked down on vaping, Juul's valuation has sunk. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping However, the worst is over for MO stock. See, the bears can't have it both ways. If cigarette sales decline sharply, people are going to want to get nicotine from another source, of which vaping is the easiest alternative. Meanwhile, if the federal government limits vaping too much, people will simply go back to cigarettes. As long as people crave their nicotine, Altria will get its revenues one way or another. The government has seemingly realized this, and is now backing down on some of the harsher vaping rules. Molson Coors Brewing (TAP)Source: OleksandrShnuryk / Shutterstock.com If cigarettes and vaping aren't up your alley, how about beer? This brings us to Molson Coors Brewing (NYSE:TAP) which makes those namesake beer brands along with other well-known labels such as Miller and Blue Moon.The company acquired 100% ownership of Miller along with many other assets in 2016 when Anheuser-Busch InBev (NYSE:BUD) acquired SABMiller and regulators forced the combined entity to sell off some brands for antitrust reasons. Molson Coors took advantage and grabbed these assets at a seemingly favorable price. However, it took on a lot of debt to complete the deal, and combined with weak sales in recent years, its financial results have underwhelmed.This, in turn, has caused investors to dump TAP, making it one my favorite value stocks. It's down from a high of $110 to just $51 now. However, the tide is starting to turn. The balance sheet is getting stronger, and management just rewarded shareholders for their patience with a gigantic dividend hike this year.As a result, TAP stock now trades for just 12x earnings and pays a 4.5% dividend yield. The craft beer movement has already lost steam -- craft is barely taking any additional share from big beer. It's only a matter of time until Molson Coors gets revenue growth to kick in again, and the stock should move back up above 15x earnings, leading to sizable capital gains on top of the healthy dividend yield. Eastman Chemical (EMN)Source: Michael Vi / Shutterstock.com With its recent selloff, Eastman Chemical (NYSE:EMN) is back into the deep value stocks zone. EMN stock is now going for just 10x earnings. Traders have dumped shares of the former Eastman Kodak spinoff thanks to the trade war, which has caused a bit of an earnings slowdown. Eastman was originally supposed to make about $7.75 in EPS this year, now it will be closer to $7.20. Regardless, for a $75 stock, that's fantastic.Impressively, Eastman is on track to produce more than $1 billion in cash flow this year, meaning it is selling for less than 10x that metric. With all that cash, Eastman can pay a 3.3% dividend yield, buy back stock and pay down debt all at the same time. * 7 Exciting Biotech Stocks to Buy Now Investors aren't enthused for chemicals stocks right now because they are seen as cyclical. That, plus global trade concerns, have the sector in the penalty box. Make no mistake though, if this Federal Reserve easing cycle leads to any signs of an economic pick-up in 2020, these left-for-dead chemical stocks like Eastman should come roaring back. Corporacion America Airports (CAAP)Source: Shutterstock Finally, we get to the last of our value stocks, and this one is deeply under-followed. That's because Corporacion America Airports (NYSE:CAAP) is both a fairly recent initial public offering, and a company whose operations are centered in Argentina. The IPO was unfortunately timed, as Argentina's economy soon went into a tailspin after CAAP stock started trading on the New York Stock Exchange. To make matters worse, Argentina voted in a left-wing government this fall, triggering a rout on Argentine stocks.Add it all up, and CAAP stock has hit massive turbulence dumping from the IPO of $16 per share to just $4 now. Oddly enough, given the fall in stock price, the actual business is still going reasonably well. The company has a healthy balance sheet, and passenger traffic is still rising across its portfolio of airports. CAAP gets about 60% of its airport traffic from Argentine airports, but it also has major holdings in Brazil, Italy, Ecuador and various other countries. As a result, the market has now crushed CAAP stock for a 75% loss despite the fact that only 60% of its business is in Argentina. Even if Argentina goes into an economic depression, the other airports should more than support the stock price here.If the Argentina airports face a moderate decline in traffic, and the rest of the portfolio performs as is, the stock would be trading for less than 5x its earnings before interest, taxes, depreciation and amortization. That's an insane price for an airport operator -- publicly traded comparables in Mexico sell for around 12x EBITDA. European airport operators tend to sell for 15x-20x EBITDA. Currently, another emerging markets airport operator in Thailand is selling for nearly 25x. Just getting to 12x, where Mexican airports sell for, would cause CAAP stock to nearly quadruple from today's prices.There's no guarantee it will happen, but the odds favor an upturn in sentiment toward Argentina rather than a further darkening from the already-despondent mood. When things turn back up, CAAP stock should soar.At the time of this writing, Ian Bezek owned EMN, INTC, WFC, SU, CAAP, MO and TAP stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 7 Overlooked Value Stocks to Buy That Will Shine in 2020 appeared first on InvestorPlace.

  • Hedge Funds Are Buying Eastman Chemical Company (EMN)
    Insider Monkey

    Hedge Funds Are Buying Eastman Chemical Company (EMN)

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]

  • GlobeNewswire

    Eastman Board Increases Dividend for Tenth Consecutive Year

    Kingsport, Tenn., Dec. 05, 2019 -- The Board of Directors of Eastman Chemical Company (NYSE: EMN) has declared a quarterly cash dividend of $0.66 per share on the company's.

  • GlobeNewswire

    Curt Espeland to Address the Citi Basic Materials Conference

    Kingsport, Tenn., Nov. 27, 2019 -- Media Advisory Issued November 27, 2019 Basic Materials ConferenceCurt Espeland, Executive Vice President and Chief Financial.

  • US Chemical Output Slows in October As Manufacturing Cools
    Zacks

    US Chemical Output Slows in October As Manufacturing Cools

    U.S. chemical production ticked up 0.2% in October on a monthly comparison basis, slowing from a 0.5% rise a month ago on slower rate of growth across all regions.

  • Eastman Chemical's Debottleneck Projects to Boost Capacity
    Zacks

    Eastman Chemical's Debottleneck Projects to Boost Capacity

    Eastman Chemical (EMN) is expected to meet demand growth in the market, with additional capacity created through its debottlenecking projects.

  • Eastman, NB Coatings Tie Up for Sustainable Automotive Plastic
    Zacks

    Eastman, NB Coatings Tie Up for Sustainable Automotive Plastic

    Eastman's (EMN) Treva exhibits high performance and lower environmental impact in automotive applications.

  • Taking A Look At Eastman Chemical Company's (NYSE:EMN) ROE
    Simply Wall St.

    Taking A Look At Eastman Chemical Company's (NYSE:EMN) ROE

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • New Strong Sell Stocks for November 18th
    Zacks

    New Strong Sell Stocks for November 18th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.

  • Moody's

    Eastman Chemical Company -- Moody's announces completion of a periodic review of ratings of Eastman Chemical Company

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Eastman Chemical Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • GlobeNewswire

    New Eastman Technology Revolutionizes Business for Automotive Film Dealers

    Eastman Performance Films, LLC (Eastman) is excited to officially unveil a revolution in automotive film technology: Core by Eastman Performance Films, LLC. Core is a patent-pending, analytics-based software platform that goes beyond cutting software to support business operations, integrating desktop and mobile access for remarkable user freedom. With more than 60 years of experience, Eastman is a leading manufacturer and marketer of high-performance window tint and paint protection film for automotive applications and window film for residential and commercial applications.

  • Moody's

    Kingsport (City of) TN -- Moody's assigns a Aa2 to Kingsport, TN's Series 2019 GO bonds

    Moody's Investors Service has assigned a Aa2 to Kingsport (City of), TN's $18.2 million General Obligation Improvement Bonds, Series 2019. Moody's maintains a Aa2 on the city's outstanding general obligation debt. The Aa2 rating reflects the city's large and growing tax base, above-average customer concentration, stable and sufficient reserve levels and elevated debt burden.

  • New Strong Sell Stocks for October 30th
    Zacks

    New Strong Sell Stocks for October 30th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today:

  • Do Institutions Own Shares In Eastman Chemical Company (NYSE:EMN)?
    Simply Wall St.

    Do Institutions Own Shares In Eastman Chemical Company (NYSE:EMN)?

    If you want to know who really controls Eastman Chemical Company (NYSE:EMN), then you'll have to look at the makeup of...

  • Thomson Reuters StreetEvents

    Edited Transcript of EMN earnings conference call or presentation 25-Oct-19 12:00pm GMT

    Q3 2019 Eastman Chemical Co Earnings Call

  • Eastman Chemical (EMN) Lags Q3 Earnings and Revenue Estimates
    Zacks

    Eastman Chemical (EMN) Lags Q3 Earnings and Revenue Estimates

    Eastman Chemical (EMN) witnesses challenging global business conditions in the third quarter due to trade tensions.

  • MoneyShow

    The 10 Best Blue Chips for Income Growth

    In the stock market you get paid from capital appreciation and dividends. Of the two, the only one with any certainty is dividends, explains blue chip stock expert Kelley Wright, editor of Investment Quality Trends.

  • Eastman Chemical (EMN) Q3 Earnings and Revenues Miss Estimates
    Zacks

    Eastman Chemical (EMN) Q3 Earnings and Revenues Miss Estimates

    Eastman Chemical (EMN) delivered earnings and revenue surprises of -2.51% and -1.73%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Eastman Announces Third-Quarter 2019 Financial Results

    KINGSPORT, Tenn., Oct. 24, 2019 -- Eastman Chemical Company (NYSE: EMN) announced its third-quarter 2019 financial results. (In millions, except per share.

  • GlobeNewswire

    Revolutionizing recycling at the molecular level: Eastman begins commercial operation of innovative chemical recycling technology

    Today Eastman (EMN) took a significant and definitive step forward to accelerate the circular economy. The company has begun commercial operation of an innovative chemical recycling technology that will help solve one of the world’s most pressing problems – waste plastic. Carbon renewal technology is a game-changer for recycling because it provides an end-of-life solution for many plastics from a variety of sources, such as single-use plastics, textiles, and carpet, that traditional mechanical recycling methods cannot process.

  • Chemical Stock Earnings Due on Oct 24: DOW, EMN, AXTA & GRA
    Zacks

    Chemical Stock Earnings Due on Oct 24: DOW, EMN, AXTA & GRA

    Let's take a look at how these chemical companies are poised ahead of their earnings release.

  • Eastman Chemical (EMN) to Post Q3 Earnings: What's in Store?
    Zacks

    Eastman Chemical (EMN) to Post Q3 Earnings: What's in Store?

    Our proven model does not conclusively predict that Eastman Chemical (EMN) is likely to beat the Zacks Consensus Estimate in Q3.