|Bid||0.00 x 800|
|Ask||86.02 x 1400|
|Day's Range||70.09 - 72.65|
|52 Week Range||70.09 - 112.45|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||6.61|
|Forward Dividend & Yield||2.48 (3.47%)|
|1y Target Est||N/A|
On December 12, Eastman Chemical (EMN) announced that it entered into a collaboration with Clariant to distribute its Tamisolve NxG solvent. As a result of the collaboration, Clariant will get permission to globally market and sell Tamisolve NxG under the trade name “Genagen NBP.” However, Eastman Chemical didn’t disclose the financial aspects of the collaboration. Tamisolve NxG is used in biological control agents, herbicides, fungicides, and insecticides.
In a press release on December 12, Air Products and Chemicals (APD) announced that it will open a new air separation unit in the Twin Cities in Minnesota. Air Products and Chemicals will build, own, and operate the new separation unit. The new facility is expected to begin its operations in mid-2020. The facilities will provide industrial gases to local customers and distributors in the region.
Mark Costa has been the CEO of Eastman Chemical Company (NYSE:EMN) since 2014. First, this article will compare CEO compensation with compensation at other large companies. After that, we will Read More...
Eastman Chemical (EMN) hit an all-time high of $109.30 in 2018. As of December 12, Eastman Chemical stock has declined 21.3% year-to-date. Eastman Chemical stock has also underperformed Celanese (CE), which has declined 17.1%.
As of December 12, Eastman Chemical (EMN) traded at a one-year forward PE ratio of 7.9x, which is well below the two-year average of 10.5x. Celanese (CE), Westlake Chemical (WLK), and LyondellBasell (LYB) were trading at one-year forward PE ratios of 7.9, 8.0x, and 7.5x, respectively. The forward PE ratio is a valuation method that considers a company’s future earnings estimates.
There has been a gradual increase in analysts’ interest in Eastman Chemical. Currently, there are 18 analysts tracking Eastman Chemical. Among the analysts, 61% recommended a “buy,” while 39% recommended a “hold.” None of the analysts recommended a “sell.”
Eastman Chemical’s (EMN) fourth-quarter ex-dividend date is around the corner. Eastman Chemical will trade ex-dividend on December 14. The company has set December 17 as the record date. Investors who want to receive the dividend must hold the stock by the record date. Eastman Chemical expects to pay the dividend on January 4.
As of December 12, Eastman Chemical’s dividend yield stood at 3.17%—the highest level sequentially since the first quarter of 2014. Celanese (CE), Westlake Chemical (WLK), and DowDuPont (DWDP) have dividend yields of 2.37%, 1.46%, and 2.7%, respectively. Eastman Chemical’s current dividend yield exceeds its peers’ dividend yields.
Eastman Chemical's (EMN) agrochemical collaboration deal with Clariant to enable the distribution of Tamisolve NxG solvent for the agrochemical industry.
In a press release on December 6, Eastman Chemical’s (EMN) board announced that it increased its regular quarterly cash dividend. To be eligible for the dividend, investors should hold Eastman Chemical shares at the close of December 17 in the company’s record. Eastman Chemical has increased its annual dividend for the ninth consecutive time.
LyondellBasell (LYB) declared its fourth-quarter dividend in a press release on November 30. To be part of the dividend, investors should hold LyondellBasell shares at the close on December 10 in the company’s records. LyondellBasell is expected to pay the dividend on December 17.
As of the close on December 6, LyondellBasell’s (LYB) dividend yield was 4.53%—the highest dividend yield recorded in the past six years on a sequential basis. Eastman Chemical (EMN), Celanese (CE), and Huntsman Chemical (HUN) have current dividend yields of 2.9%, 2.1%, and 3.2%, respectively. In comparison, LyondellBasell’s dividend yield is the best among the selected peers.
In a press release on December 5, LyondellBasell (LYB) announced that it had granted Spherizone licenses to China Petroleum Materials Limited (CPMC) and PetroChina Liaoyang Petrochemical (LYPC). LyondellBasell’s Spherizone is the latest polypropylene process technology with a multi-zone reactor that helps to produce high-performance polypropylene and other polyolefins.
In November, Ashland (ASH) was the biggest gainer among specialty chemical stocks. Ashland gained 11% in November and outperformed the S&P 500. The S&P 500 (SPY) gained 1.8% in November.
In a press release today, LyondellBasell (LYB) announced its fourth-quarter dividend. LyondellBasell’s board declared a dividend of $1.00 per share, which is flat compared to the dividend rate last quarter. Assuming no buybacks, LyondellBasell would pay $387.17 million in dividends.
Eastman Chemical Company (NYSE:EMN), a large-cap worth US$11b, comes to mind for investors seeking a strong and reliable stock investment. One reason being its ‘too big to fail’ aura which Read More...
As of November 28, Eastman Chemical (EMN) was trading at a one-year forward PE multiple of 8.7x, which is well below the two-year average of 10.5x. Celanese (CE) and Westlake Chemical (WLK) were trading at one-year forward PE multiples of 9.0x and 8.3x, respectively. The forward PE multiple is a valuation method that considers a company’s future earnings estimates.
Eastman Chemical (EMN) hit an all-time high of $109.30 in 2018. On a year-to-date basis, Eastman Chemical stock has declined 14.6%. Eastman Chemical stock has also underperformed Celanese (CE), which has declined 6.1%.
The 13F filings on September 30 indicate that institutional investors own ~83.9% of Eastman Chemical’s (EMN) outstanding shares. A total of 782 institutions hold Eastman Chemical. Among the institutional holders, 268 increased their positions on Eastman Chemical, 364 reduced their positions, and 150 maintained their positions.
The number of analysts tracking Eastman Chemical (EMN) has improved since its third-quarter earnings. Currently, 17 analysts are actively tracking the stock. Among the analysts, 59% recommended a “buy,” 41% recommended a “hold,” and none of the analysts recommended a “sell.” Analysts’ views and recommendations track the stock price.
Eastman Chemical’s (EMN) debt, which has decreased since 2015, was reflected in the declining interest expense. Since 2015, Eastman Chemical’s interest expense has fallen ~10% from $263 million to the projected $236 million for fiscal 2018. Eastman Chemical replaced notes that carried higher coupon rates with notes that carried lower coupon rates.
Eastman Chemical (EMN) is committed to provide consistent isobutyric acid supply to customers globally and meet market demand for the product.