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Stocks in Focus: Eastman Chemical Company (EMN)

-- Monday, September 17, 2018, 9:44 --

Company Profile:

Eastman is a global advanced materials and specialty additives company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in more than 100 countries and had 2017 revenues of approximately $9.5 billion. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

Recent News:

The company reported earnings of $2.39 per diluted share for second quarter 2018 versus $2.00 per diluted share for second quarter 2017. Adjusted earnings were $2.22 per diluted share for second quarter 2018 versus $1.98 per diluted share for second quarter 2017.

On May 9, 2018, the company announced it has completed the previously announced Eastman Tritan(TM) copolyester expansion at its Kingsport, Tennessee, manufacturing site.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

EMN’s strengths can be seen in its better growth and strong profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, RSI stands at 46.57 with positive bias. We rate Eastman Chemical Company (EMN) a STRONG BUY.

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