Eastman Chemical Company (NYSE:EMN) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, EMN to report 3Q20 income of $ 1.37 per share.
For the full year, analysts anticipate top line of $ 8320.14 million, while looking forward to income of $ 5.68 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.20 ~ $ 7.60 per share
Click Here For More Historical Outlooks Of Eastman Chemical Company
Previous Quarter Performance
Eastman Chemical Company announced income for the second quarter of $ 0.85 per share, from the revenue of $ 1,924.00 million. The quarterly earnings dropped 57.29 percent compared with the same quarter last year. Wall street analysts are predicting, EMN to report 2Q20 income of $ 1.05 per share from revenue of $ 1830.94 million. The bottom line results missed street analysts by $ 0.2 or 19.05 percent, at the same time, top line results outshined analysts by $ 93.06 million or 5.08 percent.
Stock Performance
Shares of Eastman Chemical Company traded low $ -2.18 or -2.64 percent on Wednesday, reaching $ 80.27 with volume of 883.00 thousand shares. Eastman Chemical Company has traded high as $ 81.05 and has cracked $ 78.88 on the downward trend
According to the previous trading day, closing price of $ 80.27, representing a 139.40 % increase from the 52 week low of $ 34.44 and a 6.35 % decrease over the 52 week high of $ 88.04.
The company has a market capital of $ 10.86 billion and is part of the Basic Materials sector and Chemicals industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.66 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 2, 2020 and ex-dividend date on September 14, 2020.
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. The companys Additives & Functional Products segment offers specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and anti-degradant rubber additives; performance resins; amine derivative-based building blocks; heat transfer and aviation fluids; organic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. It serves the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets.
