Home Sectors Basic Materials Recent Technicals: Eastman Chemical Company (NYSE: EMN)

Recent Technicals: Eastman Chemical Company (NYSE: EMN)


Eastman Chemical Company is part of the chemicals industry and is in the basic materials sector. The company CEO is Mark J. Costa. Eastman Chemical Co is a advanced materials and specialty additives company that is engaged in producing and selling a portfolio of chemicals, plastics and fibers.

Previous Intraday Trading Performance:

The EMN stock showed a previous change of 2.75% with an open at 82.94 and a close of 83.94. It reached an intraday high of 84.12 and a low of 82.41.

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The stock has a market cap of $11.6b with 138.8m shares outstanding, of which the float is 137.3m shares. Trading volume reached 1,820,328 shares compared to its average volume of 1,220,164 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Eastman Chemical Company shares returned 2.60% and in the past 30 trading days it returned 1.78%. Over three months, it changed 11.70%. In one year it has changed -19.61% and within that year its 52-week high was 110.17 and its 52-week low was 67.40. EMN stock is 24.54% above its 52 Week Low.

Our calculations show a 200 day moving average of 85.22 and a 50 day moving average of 80.29. Currently EMN stock is trading -1.50% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

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The last annual fiscal EPS for the company was reported at 7.56 that ended on 31st of December 2018, which according to the previous close, that is a PE of 11.10. Based on 6 analyst estimates, the consensus EPS for the next quarter is 1.96. The TTM EPS is 8.18, which comes to a TTM PE of 10.26. Historically, the PE high was 16.90 and the PE low was 7.10. If the stock reached its PE low, that would represent a price of 58.09, which is a decrease of -30.80%.

The dividend per share is currently 2.48, which is a dividend yield of 2.95%. Also, the payout ratio is 30.32%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 117.24, which means it is possibly undervalued and has a margin of safety of 28.41%

Indicators to Watch:

Based on the latest filings, there is 1.00% of insider ownership and 131.40% of institutional ownership. Short-interest is 3,241,929, which is 2.34% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.69. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.16

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 19.28%, return on assets is 6.75%, profit margin is 10.52%, price-to-sales is 1.50 and price-to-book is 2.01.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 2  :Past Performance Score
 4  :Financial Strength Score
 2  :Future Growth Score
 5  :Dividend Score
 3  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.