Eastman Chemical Company has continually outshined in its quarterly financial results, beating estimates and expectations. Its
Q4 2024 earnings showed record-breaking margins with strong trading on the back of specialized materials surge. The company reported an EPS of
$1.87, outdoing FactSet expectancy of $1.57, also beating forecasts of its Q4 and full-year outcomes. This robust performance enabled the company's stocks to experience a boost, despite
UBS Group reducing their price target to $123.00. Eastman projects a promising
$50M-$75M growth in its circular economy platform in 2025. Despite the highs, there were some points potentially affecting the company negatively including Fifth Third Bancorp and KBC Group NV decreasing their holding and the decrease in share price. The firm's stock ownership is dominantly held by institutional investors, which accounts for
88% of the total. Lastly, the company anticipates a regular EBITDA growth and raised its dividend for the
15th consecutive year, demonstrating its strong financial position.
Eastman Chemical Company EMN News Analytics from Mon, 12 Aug 2024 07:00:00 GMT to Sun, 02 Feb 2025 00:04:58 GMT -
Rating 8
- Innovation 7
- Rumor -5
