EMN - Eastman Chemical Company
| Previous Close | 79.12 |
| Open | 79.85 |
| Bid | 80.68 x 1000 |
| Ask | 80.74 x 900 |
| Day's Range | 79.43 - 81.07 |
| 52 Week Range | 67.40 - 112.45 |
| Volume | 462,139 |
| Avg. Volume | 1,397,614 |
| Market Cap | 11.308B |
| Beta (3Y Monthly) | 0.98 |
| PE Ratio (TTM) | 7.57 |
| EPS (TTM) | 10.67 |
| Earnings Date | Jan 31, 2019 |
| Forward Dividend & Yield | 2.48 (3.24%) |
| Ex-Dividend Date | 2018-12-14 |
| 1y Target Est | 92.83 |
GuruFocus.com•20 hours ago6 Low P/E Stocks Gurus Are Buying
Warning! GuruFocus has detected 4 Warning Signs with DK. With a market cap of $2.62 billion, Delek U.S. Holdings Inc. (DK) is trading with a price-earnings ratio of 5.95, a price-sales ratio of 0.28 and a forward price-earnings ratio of 8.27. The share price has fallen 18% over the last 12 months and is currently 48.08% below its 52-week high and 8.34% above its 52-week low.
Market Realist•yesterdayCelanese to Acquire Linde’s Synthesis Gas Production Unit
Celanese to Acquire Linde's Synthesis Gas Production UnitCelanese to acquire synthesis gas production unitOn January 15, Celanese (CE) announced that it entered into a definitive agreement with Linde (LIN) to acquire a synthesis gas production unit
- Zacks•yesterday
3 Chemical Stocks to Enrich Your Portfolio Before Q4 Earnings
We have shortlisted three chemical stocks that are worth investing in before the Q4 earnings season hits full throttle.
- Investing.com•yesterday
PPG Rises Midday as Materials Sector Jumps
- Markit•3 days ago
See what the IHS Markit Score report has to say about Eastman Chemical Co.
# Eastman Chemical Co ### NYSE:EMN View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for EMN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EMN. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $9.70 billion over the last one-month into ETFs that hold EMN are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. EMN credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- GlobeNewswire•8 days ago
Eastman Schedules Fourth-Quarter and Full-Year 2018 Financial Results News Release and SEC Form 8-K Filing, Teleconference and Webcast
Financial Results Release: Thursday, Jan. 31, 2019 Approximately 4:30 p.m. Eastern Time Via wire distribution and www.eastman.com , News Center and SEC Form 8-K filing. Teleconference: Friday, ...
- Market Realist•9 days ago
Why DowDuPont Stock Increased 1.2% on January 8
Why DowDuPont Increased 1.2% on January 8 ## DowDuPont closed 1.1% higher On January 8, DowDuPont (DWDP) stock increased ~1.2% and closed at $55.39. The S&P 500 Index (SPY) and the Dow Jones rose 1.0% and 1.1%, respectively. LyondellBasell (LYB), Eastman Chemical (EMN), and Celanese (CE) have gained 1.9%, 0.8%, and 1.4%, respectively. The markets see positive progress in the US-China trade talks. ## China approves GMO crop imports In the latest development between the US and China, China approved importing five genetically modified crops—the first approval in 18 months from China. China approved DuPont Pioneer’s DP4114 corn, BASF’s RF3 canola, Monsanto’s MON 88302 canola, Syngenta’s SYHT0H2 soybean, and Dow AgroSciences’ DAS-44406-6 soybean. China is the biggest importer of genetically modified soybeans and canola. After imposing a 25% import duty on US shipments, there was a slump in soybean imports. With the approval, the imports are expected to improve. In the United States, farmers might be encouraged to grow more soybeans. In the third quarter, DowDuPont’s Agriculture segment reported revenues of $1.95 billion, which implies 2% growth over the pro forma net sales of $1.91 billion. With the sowing season about to start, there could be increased demand for soybeans, corn, and canola. Increased demand could impact DoDuPont’s first-quarter earnings.
- Market Realist•10 days ago
PolyOne Will Acquire Fiber-Line
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## PolyOne to acquire Fiber-Line On January 2, PolyOne (POL) announced that it acquired Fiber-Line. PolyOne paid $120 million for the acquisition. The acquisition is expected to add ~$100 million to PolyOne’s 2019 revenues. The impact of the acquisition will likely be reflected in the first quarter. Robert M. Patterson, PolyOne’s chairman, president, and CEO, said, “We’re very excited to welcome Dale and his accomplished Fiber-Line management team to PolyOne. Through increased collaboration with customers, we’ll capture both near-term growth prospects as well as benefit from the expansion of 5G networks. Longer term, we expect future growth to be driven by significant technology synergies between fiber and composites, utilizing specialty colorants and coatings, which PolyOne is well positioned to develop.” ## Stock price update PolyOne stock had a good start in 2019. The stock gained 5.1% and closed at $29.71. Despite the gains, the stock traded 18.9% below the 100-day moving average price of $36.65. PolyOne’s 100-day moving average has fallen from a high of $44, which indicates that the stock is on a downward trend. PolyOne’s 14-day RSI (relative strength index) is at 49, which indicates that the stock isn’t overbought or oversold. An RSI of 30 and below shows that the stock is oversold. An RSI of 70 and above indicates that the stock moved into the overbought position. In 2018, PolyOne stock declined 34.25%. LyondellBasell (LYB), Celanese (CE), and Eastman Chemical (EMN) fell 24.6%, 16%, and 21.1%, respectively. Investors could hold PolyOne indirectly by investing in the Invesco DWA Basic Materials Momentum ETF (PYZ). PYZ has invested 15% of its portfolio in PolyOne as of January 4. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 3 - Westlake Chemical Completed the Nakan Acquisition
- Market Realist•10 days ago
PPG Industries Acquires Hemmelrath
PPG Industries Acquires Hemmelrath ## PPG Industries’ new acquisition PPG Industries (PPG) continued its acquisition spree to complement its commitment of cash deployment towards acquisitions and share repurchases. On January 7, PPG Industries announced that it signed a definitive agreement to acquire Hemmelrath—an automotive coating manufacturer. PPG Industries expects the deal to be completed in the first half of 2019. However, PPG Industries didn’t disclose the financial aspects of the acquisition. Hemmelrath is PPG Industries’ second acquisition in the past month. On December 14, PPG Industries entered into a definitive agreement to acquire Whitford Worldwide. The acquisitions suggest that PPG Industries is looking to grow its top and bottom line through an acquisition strategy. The acquisition will likely complement PPG Industries’ automotive segment and increase the company’s foothold. Michael McGarry, PPG Industries’ chairman and CEO, said, “We are excited to add Hemmelrath to our robust and diversified automotive coatings offering. This acquisition is another step forward in our strategic growth plan that will provide further value to our customers and shareholders.” ## Stock price PPG Industries closed on a positive note with a marginal gain of 0.3%. PPG Industries closed at $100.24 on January 7. So far, PPG Industries has fallen 2% in 2019. Investors could hold PPG Industries indirectly by investing in the Invesco S&P 500 Equal Weight Materials ETF (RTM), which has invested 4.1% of its portfolio in PPG Industries. The fund also provides exposure to Celanese (CE), Air Products and Chemicals (APD), and Eastman Chemical (EMN) with weights of 4.3%, 4.2%, and 4.2%, respectively.
- Market Realist•10 days ago
A. Schulman Announces Dividend for the Convertible Special Stock
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## A. Schulman’s dividend for the convertible special stock On January 4, A. Schulman, a subsidiary of LyondellBasell (LYB), announced a quarterly dividend for its convertible special stock. A. Schulman declared a dividend of $15.00 per share. A. Schulman has set January 15 as the record date. The dividend for the convertible special stock is expected to be paid on February 1. Investors who hold the convertible special stock on the record date will be eligible for the dividend. In 2017, A. Schulman paid $7.5 million towards the convertible special stock. At the end of August 2017, there were 125,000 convertible special stocks, which means that A. Schulman would be paying ~1.85 million in dividends. ## LyondellBasell’s stock performance LyondellBasell remained positive in the first week of 2019. The stock gained 5.25% for the week and closed at $86.70. Despite the gains, the stock traded 10.9% below the 100-day moving average price of $97.32. LyondellBasell’s 100-day moving average has fallen from a high of $111.04, which indicates the downward trend in the stock. In 2018, LyondellBasell fell ~24.6%. Celanese (CE), Westlake Chemical (WLK), and Eastman Chemical (EMN) have fallen 16.0%, 37.9%, and 21.1%, respectively. LyondellBasell’s 14-day relative strength index of 54 indicates that the stock isn’t overbought or oversold. Investors could hold LyondellBasell indirectly by investing in the Invesco S&P 500 Equal Weight Materials ETF (RTM), which gained 3.1% the previous week. RTM has invested 4.3% of its portfolio in LyondellBasell as of January 4. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 3 - Westlake Chemical Completed the Nakan Acquisition
- Market Realist•11 days ago
Westlake Chemical Completed the Nakan Acquisition
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## Westlake Chemical completed the Nakan acquisition On January 2, Westlake Chemical (WLK) announced that it completed the Nakan acquisition. Westlake Chemical entered into an agreement with OpenGate Capital on September 25. In an all-cash deal, Westlake Chemical will pay $265 million for the acquisition. The acquisition will complement Westlake Chemical’s compounding business. The acquisition will likely help Westlake Chemical increase its global presence in compounding solutions. The company will have facilities in France, Germany, China, Italy, Japan, Spain, Mexico, Vietnam, and the US. The acquisition is seen as a strategic fit for Westlake Chemical. The impact of the acquisition will likely be reflected in the first-quarter earnings. Albert Chao, Westlake Chemical’s president and CEO, said, “NAKAN brings an impressive business with an outstanding reputation for meeting customer needs with superior technology, product quality, and operating excellence. We are pleased to welcome their talented team into the Westlake family of companies.” ## Stock price update Westlake Chemical stock bounced back after declining for a while. The stock gained 7.7% for the week and closed at $69.57. However, the stock is still trading 11.4% below its 100-day moving average price of $78.56. Westlake Chemical’s 100-day moving average has fallen from a peak of $112.40. In 2018, Westlake Chemical declined 37.9%%, while Eastman Chemical (EMN), Celanese (CE), and LyondellBasell (LYB) declined 21.1%, 16%, and 24.6%, respectively. Westlake Chemical’s 14-day relative strength index of 57 indicates that the stock isn’t overbought or oversold. Investors could hold Westlake Chemical indirectly by investing in the PowerShares DWA Basic Materials Momentum Portfolio ETF (PYZ). PYZ invests 1.9% of its portfolio in Westlake Chemical. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 2 - Celanese Completed the Next Polymers Acquisition * Part 4 - A. Schulman Announces Dividend for the Convertible Special Stock
Market Realist•11 days agoCelanese Completed the Next Polymers Acquisition
Analyzing Chemical Companies in the Week Ending January 4 (Continued from Prior Part) ## Celanese acquires Next Polymers On January 2, Celanese (CE) announced that it completed the acquisition of Next Polymers—one of India’s largest engineering thermoplastics compounders. Celanese entered into a definitive agreement with Next Polymers on October 11. However, Celanese didn’t disclose the financial aspects of the deal. The acquisition will likely help Celanese improve its footprint in India. The impact of the acquisition will likely be reflected in the first quarter. Next Polymers has a capacity production of 20 kilotons of various engineering thermoplastics compounders. Scott Sutton, Celanese’s COO, said, “This acquisition complements our rapidly growing India business and establishes Celanese as a leader in the Indian ETP market by broadening our ability to serve nylon and other engineered materials customers with high product quality and service levels, while also offering our customers a wider range of polymer products.” ## Stock price update Celanese ended the first week of 2019 on a positive note. The stock closed at $91.46 and gained 2.2% for the week ending January 4. Despite the gains, Celanese stock traded 11.8% below the 100-day moving average price of $103.68. Celanese’s 100-day moving average has fallen from $104.38 to the current levels, which indicates weakness in the stock. For 2018, Celanese stock declined 16%. Eastman Chemical (EMN), LyondellBasell (LYB), and Westlake Chemical (WLK) declined 21.10%, 11.6, 24.6%, and 37.9%, respectively, in 2018. Celanese’s 14-day RSI (relative strength index) score of 36 indicates that the stock isn’t overbought or oversold. An RSI of 30 and below indicates that the stock is oversold. An RSI of 70 and above indicates that the stock has moved into the overbought position. Investors could hold Celanese indirectly through the Invesco DWA Basic Materials Momentum ETF (PYZ). PYZ had 3.2% exposure to Celanese as of January 4. PYZ gained 3.1% for the week. Continue to Next Part Browse this series on Market Realist: * Part 1 - DowDuPont’s Corteva Sold Its Herbicide Product Line * Part 3 - Westlake Chemical Completed the Nakan Acquisition * Part 4 - A. Schulman Announces Dividend for the Convertible Special Stock
- Zacks•11 days ago
Why Should You Hold Onto Eastman Chemical Stock for Now?
Eastman Chemical (EMN) is gaining from growth of its high-margin specialty products and cost management actions.
- Simply Wall St.•12 days ago
Can Eastman Chemical Company (NYSE:EMN) Maintain Its Strong Returns?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
- Zacks•14 days ago
Eastman Chemical (EMN) to Bump Up Prices of Amines Products
Eastman Chemical (EMN) is raising selling prices of products in the wake of raw material price inflation.
Market Realist•18 days agoAir Products and Chemicals’ Short Interest Has Risen Marginally
The latest report of December 14 indicates that Air Products and Chemicals’ (APD) short interest has increased marginally on a sequential biweekly basis. The short interest has increased for the second consecutive week. However, the short interest is just marginally above 1% of Air Products and Chemicals’ outstanding shares. Air Products and Chemicals’ short interest as a percentage of its outstanding shares increased to 1.13 % from 1.06% on November 30.
Market Realist•21 days agoWhy Air Products and Chemicals Dividend Yield Is Stable
As of December 27, Air Products and Chemicals’ dividend yield stood at 2.75%, which is marginally higher than the third-quarter dividend yield of 2.63%. LyondellBasell (LYB), Eastman Chemical (EMN), and Celanese (CE) have dividend yields of 4.8%, 3.5%, and 2.46%, respectively.
Market Realist•21 days agoAir Products and Chemicals’ Quarterly Dividend
Analyzing Air Products and Chemicals' Upcoming Quarterly DividendAir Products and Chemicals’ latest quarterly dividend
Market Realist•23 days agoCelanese Increased VAM Prices in Asia outside China
Analyzing Specialty Chemical Companies Last WeekCelanese increased VAM prices On December 21, Celanese (CE) increased VAM (vinyl acetate monomer) prices. The price increase is only applicable to Asia outside China.
Market Realist•last monthEastman Chemical Gives Update on Executive Team
According to a press release from Eastman Chemical (EMN) on December 18, Damon Warmack, senior vice president of corporate development and chemical intermediates, will retire in mid-2019. Until his retirement, he will continue to work on the executive team as senior vice president of corporate development.
Market Realist•last monthCelanese Will Increase GUR and GHR Prices
On December 18, Celanese (CE) announced that it will increase the prices for the GUR and GHR grades of UHMW-PE polymers. The price increase will be effective for orders that will be shipped on or after January 1 or as the contract allows.
- Zacks•last month
Eastman Chemical (EMN) Hikes Prices of Choline Chloride
Eastman Chemical (EMN) is raising prices of these products in the wake of higher operating costs.
- GlobeNewswire•last month
Eastman Announces Retirement of Senior Vice President Damon Warmack
Eastman Chemical Company (EMN) today announced that, after more than 38 years of service, Damon C. Warmack, senior vice president, Corporate Development and Chemical Intermediates, will retire mid-year in 2019. "On behalf of the Executive Team, I want to thank Damon for his significant contributions to Eastman for nearly four decades," said Eastman Board Chair and Chief Executive Officer Mark J. Costa.
Markit•last monthSee what the IHS Markit Score report has to say about Eastman Chemical Co.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting EMN. The rate of decline is significant relative to the trend shown over the past year, and is accelerating.
Market Realist•last monthEastman Chemical and Clariant’s Collaboration
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.
