Eastman Chemical Co (NYSE: EMN) has reported earnings for its third fiscal quarter (ending September 30) of $1.55 versus $1.50 for the same period a year ago — an increase of 3%. For the latest four quarters through September 30, E.P.S. were $7.54 versus $4.93 for the same period a year ago — an increase of 53%.
Recent Price Action
Eastman Chemical Co (NYSE: EMN) stock rose slightly by 0.10% on 10/31/24. The stock closed at $105.09. Moreover, trading volume in this advance was unusually high at 159% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EMN is expected to continue to be a major Value Builder.
Eastman Chemical has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Eastman Chemical has a neutral Appreciation Score of 52 but a very high Power Rating of 85, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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