For its first fiscal quarter (ending March 31), Eastman Chemical Co (NYSE: EMN) has reported E.P.S. of $1.40 compared to $1.13 a year ago. For the latest four quarters through March 31, E.P.S. were $7.81 versus $5.67 for the same period a year ago.
Recent Price Action
Eastman Chemical Co (NYSE: EMN) stock declined slightly by -0.2% on 4/25/24. The stock closed at $96.13. Moreover, trading volume in this decline was unusually high at 156% of normal. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
EMN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Eastman Chemical has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Eastman Chemical has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 66, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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