The landscape of Eastman Chemical Co. (EMN) shows a mixture of results. While it has seen fair underperformance compared to competitors on some trading days, it has outperformed on others. The company has seen a downgrade to a Hold rating by StockNews.com, a move that left many investors on the sidelines. Despite this, EMN has garnered interest due to its expected EBITDA growth, strong Q3 2024 earnings of an EPS at $1.53 and revenue of $2.46 billion (surpassing estimates), and a dividend increase for the 15th consecutive year. EMN is demonstrating innovative strides, as indicated by highlights from its Q3 2024 Earnings Call, which emphasize innovation-driven future growth. JPMorgan Chase & Co. have reduced their holdings in EMN, while National Bank of Canada FI and Principal Financial Group Inc. have significantly increased theirs. Of note is that institutional shareholders largely control the chemical company, owning 88% of it. EMN is making efforts towards circular economy growth and innovation as evidenced by their Circular Economy Deep Dive event and upcoming public webcast.
Eastman Chemical Company EMN News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Thu, 02 Jan 2025 04:34:31 GMT - Rating 4 - Innovation 6 - Information 5 - Rumor -2
