Eastman Raises Full-Year Guidance; Maintaining $70 per Share Fair Value Estimate
Eastman raised full-year earnings guidance following third-quarter results. While the company had warned last quarter that adjusted earnings would be as low as $6.55 per share (down 10% year on year), management has now increased its expectations for the year to between $6.70 per share to $6.80 per share. We have slightly increased our 2016 profit forecast, but keep our long-term cash flow expectations the same. Our $70 per share fair value estimate remains unchanged.Revenue declined slightly y...
Eastman Chemical is a global advanced materials and specialty additives company. The company's segments are: Additives and Functional Products, which manufactures chemicals for products in the transportation, consumables, building and construction, and other markets; Advanced Materials, which produces and markets polymers, films, and plastics in transportation, consumables, building and construction, durable goods, and health and wellness markets; Chemical Intermediates, which utilizes integration from the cellulose and acetyl, olefins, and alkylamines streams; and Fibers, which manufactures and sells Estron? acetate tow and Estrobond? triacetin plasticizers for use in filtration media.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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