|Bid||107.29 x 200|
|Ask||107.33 x 100|
|Day's Range||106.74 - 108.61|
|52 Week Range||76.11 - 112.45|
|PE Ratio (TTM)||11.29|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||2.24 (2.09%)|
|1y Target Est||109.72|
Eastman Chemical Company (NYSE:EMN) trades with a trailing P/E of 11x, which is lower than the industry average of 17.6x. Although some investors may jump to the conclusion that thisRead More...
On April 10, 2018, Celanese (CE) announced price hikes for several products. These price hikes are effective immediately or according to the respective contracts. This price increase is expected to impact the Asia Outside China region. Below are the details of the price increases: Butyl acetate prices are expected to increase $50.00 per metric ton in Asia Outside China. Ethyl acetate prices are expected to increase $50.00 per metric ton in Asia Outside China. Vinyl acetate monomer (or VAM) prices are expected to see a price hike of $100.00 per metric ton in Asia Outside China. ...
Forecast-topping earnings performance and upbeat 2018 outlook are contributing to a rally in Eastman Chemical's (EMN) price performance.
Let's see if Eastman Chemical Company (EMN) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Forecast-topping earnings performance and strong demand fundamentals for methanol have contributed to the rally in Methanex's (MEOH) shares.
Analysts recommended a target price of $119.00 for Celanese, which implies a return potential of 20.30% over the closing price of $98.85 as of April 4, 2018. Celanese reported better-than-expected 4Q17 earnings. Celanese’s growth is expected to be supported by its ability to hike product prices.
Financial Results Release: Thursday, April 26, 2018 Approximately 4:30 p.m. Eastern Time Via wire distribution and www.eastman.com , News Center and SEC Form 8-K filing. Teleconference: Friday, April ...
Westlake Chemical’s (WLK) stock price has risen 4.3%, while LyondellBasell (LYB) and Olin (OLN) have fallen 4.2% and 14.6%, respectively, in the same period. Eastman Chemical’s strong performance is due to better-than-expected 4Q17 earnings. EMN reported 4Q17 adjusted earnings per share of $1.62 and reported revenue of $2.4 billion as compared to $2.2 billion in 4Q16 earnings.
EMN’s short interest has risen since the beginning of 2018. Its short interest had increased to 3.7% as of March 22, 2018. The trend suggests that as the prices increased, the short interest on EMN also increased, indicating that fresh shorts were initiated at higher price levels.
KINGSPORT, TENN., April 2, 2018 - Eastman (NYSE: EMN) is proud to announce that it received the 2018 ENERGY STAR ® Partner of the Year Sustained Excellence Award for continually advancing leadership in ...
The number of analysts tracking Eastman Chemical has been hovering around 16 to 17 analysts. Currently, 17 analysts are actively tracking the stock. Among these analysts, 59% have recommended a “buy,” 41% have recommended a “hold,” and none of the analysts recommended a “sell” on Eastman Chemical.
In 2017, Eastman Chemical had interest expenses of $241 million, a decline of 5.5% on a YoY (year-over-year) basis. The decrease in EMN’s interest expense was primarily due to the refinancing of certain public debt and repayment of the term loan in 2017. As EMN’s debt has fallen, EMN’s interest expense has correspondingly decreased.
At the end of 2017, Eastman Chemical (EMN) reported debt of $6.54 billion compared to $6.59 billion in 2016. Though the debt remained more or less the same on a year-over-year basis, it has been sliding down since 2015. EMN’s debt has fallen from $7.55 billion in 2014 to the present $6.59 billion, which indicates the company has started the deleveraging process and we can expect it to get better and better with steady free cash flow in place. The chart below shows long-term borrowings and borrowings due within one year. EMN’s stockholder equity grew by 17.3% in 2017, and a marginal reduction in debt has resulted in an improved debt-to-equity ratio.
Air Products and Chemicals’ (APD) stock performance has remained muted so far in 2018. APD’s peers Praxair (PX) and Celanese (CE) have fallen 6.8%, and 7.8%, respectively, while Eastman Chemical (EMN) has risen 13.3% in the same period. APD’s stock price reached an all-time high of $174 before it fell to its current level.
The latest short interest report of March 15, 2018, indicates that Air Products and Chemicals’ (APD) short interest has fallen on a biweekly basis. APD’s short interest as a percentage of its outstanding shares fell from 1.4% on February 28, 2018, to 1.3% on March 15, 2018. However, APD’s short interest has increased since the beginning of 2018, when it was just 0.86%.
Long-term investors love stocks with higher dividend yields because they provide a steady income. A dividend yield is the return investors get for every dollar they invest in a company’s equity during their holding period. On March 27, 2018, APD’s dividend yield was 2.7%, its highest in the past two years on a quarterly basis. Peers Praxair (PX), Eastman Chemical (EMN), and Celanese (CE) have dividend yields of 2.0%, 2.1%, and 1.8%, respectively.
In comparison, its peer Eastman Chemical (EMN) has a one-year forward PE of 11.9x. Forward PE is a measure investors can use to compare two or more companies operating in the same industry to tell which is overvalued and which is undervalued. LyondellBasell is currently trading at a discount to its peer Eastman Chemical.