All Posts Tagged With: "EMN"
(DOW) Three More Industries Thriving From Record-Low Natural Gas Prices
by Mike Kapsch, Investment U Research Tuesday, January 24, 2012 Since hitting a high of $15.37 in December 2005, the price of natural gas has plunged to its lowest level in over a decade to $2.30. That’s an 85% drop. As Reuters recently reported, “The unrelenting surge in...
31Jan2012 | InvestmentU | 0 comments | Continued(EMN) Eastman Chemical to Acquire Solutia
As part of its expansion strategy, Eastman Chemical Company (EMN) announced its plans to acquire Solutia Inc. (SOA), a global leader in performance materials and specialty chemicals, for $3.4 billion in cash and stock. The transaction is expected to close in mid-2012. As per...
31Jan2012 | vitalstocks | 0 comments | Continued(F) U.S. GDP Less Than Expected – Europe Better
While we do have some favorable-looking headlines out of Europe this morning, indicating that Greece is making progress in its talks with the private creditors, the focus today will be on the U.S. economy. The headlines on that count are on the weak side. In its first read on...
30Jan2012 | vitalstocks | 0 comments | Continued(EU) Chemical Industry Stock Outlook – January 2012 – Industry Outlook
Chemicals are generally used to make a wide variety of consumer goods and are also in the agriculture, manufacturing, construction and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products,...
25Jan2012 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Expands Production Capacity
Eastman Chemical Company (EMN) has announced that it has completed the expansion of its facility for hydrogenated hydrocarbon resins located in Middelburg, Netherlands. This is the third expansion to its Regalite hydrogenated hydrocarbon resins. This expansion has increased the...
28Nov2011 | vitalstocks | 0 comments | Continued(EU) Chemical Industry Stock Outlook – September 2011 – Industry Outlook
Chemicals are generally used to make a wide variety of consumer goods and are also used in agriculture, manufacturing, construction and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products,...
16Sep2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical on Expansion Spree
Eastman Chemical Company (EMN) expanded its Benzoflex plasticizer production line at the Estonia location for the second time. The move will boost the Benzoflex production capacity by 11,000 metric tons and is expected to be completed by the end of second-quarter 2012. Eastman...
15Sep2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Completes Sterling Buy
The plastics and chemicals maker Eastman Chemical Co. (EMN) announced that it has completed the acquisition of petrochemical company Sterling Chemicals Inc. for $100 million in cash. The deal was originally announced in June 2011. The deal is expected to be accretive to 2011...
11Aug2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Announces 2 For 1 Stock Split
The plastics and chemicals maker Eastman Chemical Co. (EMN) announced that it will increase the payout to its shareholders. The Kingsport-based company declared a 2-for-1 stock split and increased the quarterly cash dividend by 11%. Eastman announced that it will pay a dividend...
9Aug2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical to Buy Sterling Chemicals
Eastman Chemical Company (EMN) announced that it will acquire Sterling Chemicals Inc. (SCHI) for $100 million in cash in order to boost its plasticizer product line. The deal is expected to close in the third quarter of 2011. The transaction, which includes Sterling’s plasticizer...
23Jun2011 | vitalstocks | 0 comments | Continued(EU) Chemical Industry Outlook – May 2011 – Industry Outlook
Chemicals are generally used to make a wide variety of consumer goods and are also used in agriculture, manufacturing, construction, and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products,...
13May2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company – Bull of the Day
Eastman Chemical Company (EMN) delivered EPS of $2.52, significantly beating the Zacks Consensus Estimate of $1.97. Revenues of $1.8 billion, which outpaced the Zacks Consensus Estimate of $1.5 billion, were driven by higher sales volume and increased selling prices. Eastman...
5May2011 | vitalstocks | 0 comments | Continued(AZO) Company News for March 02, 2011 – Corporate Summary
• AutoZone (NYSE:AZO) reported Q2 EPS of $3.34, ahead of the Zacks Consensus Estimate of $3.06 per share. Revenues for the quarter rose 10.3% year-over-year to $1.66 billion, above the Zacks Consensus Estimate of $1.631 billion • TiVO (NASDAQ:TIVO) reported a Q4 loss of...
3Mar2011 | vitalstocks | 0 comments | Continued(CLF) Stock Market News for February 18, 2011 – Market News
Markets touched new multi year highs to end in the green after investors used lackluster economic reports as an opportunity to buy into market leaders. On a sectoral basis, share prices of energy companies rose for the second consecutive day amid fresh tensions surrounding the...
20Feb2011 | vitalstocks | 0 comments | Continued(DOW) Chemical Industry Outlook – October 2010 – Industry Outlook
OVERVIEW The chemical industry comprises of companies engaged in the processing and refinement of agricultural and industrial chemicals as well as gases. Chemicals are used to make a wide variety of consumer goods besides being necessary in the agriculture, manufacturing, construction...
17Oct2010 | vitalstocks | 0 comments | Continued(DOW) Chemical Stock Review and Outlook – September 2010 – Industry Outlook
OVERVIEW The chemical industry consists of companies engaged in the processing and refinement of agricultural and industrial chemicals as well as gases. Chemicals are used to make a wide variety of consumer goods, besides being necessary in the agriculture, manufacturing, construction...
22Sep2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company – Eastman’s Best Quarter Ever
Eastman Chemical Company (EMN) continues to be hot as it recently posted a big beat for the second quarter as sales jumped 38% on higher volumes. Eastman is cheap, with a forward P/E of just 9.9. Eastman manufactures specialty chemicals, polymers and specialty plastics which...
6Aug2010 | vitalstocks | 0 comments | Continued(DOW) May 2010 – Industry Outlook – Chemicals Industry
OUTLOOK After the sharp declines in the last two years, we expect worldwide chemical production (excluding pharmaceuticals) to recover, albeit at a slow rate. At a global level, we currently expect that chemical production will require another couple of years to return to production...
26May2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Expands Operation
Eastman Chemical Company’s (EMN) joint venture with SK Chemicals Company Ltd. (a Korean chemical company) ? Eastman Fibers Korea Limited ? has opened a new acetate tow manufacturing plant in Ulsan, Korea. The new plant will produce 27,000 tons of cellulose acetate tow, a material...
29Mar2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Guides Forecasts Lower
Eastman Chemical Co. (EMN) has announced recently that it expects profits in the first quarter to be down 25 cents per share. Eastman had previously forecast first-quarter earnings to be slightly above fourth-quarter earnings of $1.14 per share. The Zacks Consensus Estimate is...
5Mar2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company – Strong ROE of 22.46%
Eastman Chemical Company (EMN) expects to see 20% earnings growth as the recovery takes hold. EMN is trading with a forward P/E of 14.03. Company Description Eastman Chemical manufactures chemicals, fibers and plastics materials from 11 manufacturing facilities around the world. The...
5Jan2010 | vitalstocks | 0 comments | Continued($F) Expect Strong Earnings Growth in 2010 – Earnings Trends
Key Points: • Earnings Surprise Ratio (#beat/#miss) at 5.286, almost double normal • Median Earnings Surprise 7.07%, very strong • Year-over-year Earnings Growth Ratio (# Pos Growth/# Neg Growth) at 0.83 • Sales Surprise Ratio at 1.42 • ...
15Dec2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Discontinues Project
Eastman Chemical Company (EMN) announced yesterday that it has halted operations at the industrial gasification project in Beaumont, Texas, on high operational costs and other factors. In addition to high costs, Eastman attributed the move to a smaller spread between natural...
10Dec2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Boosts Guidance
Eastman Chemical Co. (EMN) has raised its full year 2009 earnings guidance to $3.50 per share from the initial guidance of $2 to $3 per share, driven by an expected strong growth in its core business. The company is hoping to deliver about 20% or over $6 per share growth in annual...
18Nov2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company’s Profits Improve
Net earnings of $1.38 per share of Eastman Chemical Company (EMN) in the third quarter of 2009 bettered the Zacks Consensus Estimate of $1.13 per share. Year over year, earnings inched up 2% on lower costs. However, lower selling prices and volumes across all major segments drove...
27Oct2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical- Bull of the Day
We have upgraded our long-term recommendation for Eastman Chemical Company (EMN), a manufacturer of chemicals, plastics and fiber, to Outperform with a target price of $60.00. Eastman stands to benefit from its business restructuring and cost-cutting measures, which are expected...
11Sep2009 | vitalstocks | 0 comments | Continued(DD) Chemical Giants Utilize Lobbying
The recent disclosure reports have revealed that lobbying is a frequent phenomenon with the chemical giants such as DuPont (DD) and Eastman Chemical (EMN). The second quarter report suggested that DuPont spent more than $1.2 million to lobby on biotechnology, trade, taxes and...
26Aug2009 | vitalstocks | 0 comments | Continued(CE) Chemicals & Fertilizers – Industry Outlook
Overview – Neutral OPPORTUNITIES The industry is divided into commodity chemicals (45%) and specialty chemicals (55%). The commodity segment tends to be more concentrated. In the commodity segment, cost reductions, improving yield from better technology and economies...
3Jun2009 | vitalstocks | 0 comments | Continued