|Bid||0.00 x 1000|
|Ask||75.30 x 1800|
|Day's Range||73.49 - 75.94|
|52 Week Range||34.44 - 83.99|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||17.44|
|Earnings Date||Oct 22, 2020 - Oct 26, 2020|
|Forward Dividend & Yield||2.64 (3.59%)|
|Ex-Dividend Date||Sep 14, 2020|
|1y Target Est||81.16|
Eastman Chemical (EMN) benefits from innovation and cost actions amid a weak demand environment.
EMN earnings call for the period ending June 30, 2020.
In the current market session, Eastman Chemical Inc. (NYSE: EMN) is trading at $71.68, after a 4.79% drop. However, over the past month, the stock increased by 0.53%, and in the past year, by 6.18%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 14.66%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.View more earnings on EMNMost often, an industry will prevail in a particular phase of a business cycle, than other industries.Eastman Chemical Inc. has a lower P/E than the aggregate P/E of 20.69 of the Chemicals industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Earnings Scheduled For August 3, 2020 * Eastman Chemical Earnings Preview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.