NASDAQ:EML

Eastern (EML) Stock Forecast, Price & News

$17.15

+0.06 (+0.35%)

(As of 06/9/2023 ET)

Compare

Today's Range: $16.96
▼
$17.40
50-Day Range: $16.29
▼
$19.60
52-Week Range: $15.30
▼
$24.35

Volume: 3,430 shs
Average Volume: 8,476 shs
Market Capitalization: $106.84 million

P/E Ratio: 10.99
Dividend Yield: 2.57%
Price Target: N/A

Eastern MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
0.81% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -4.07
Upright™ Environmental Score
News Sentiment: 1.13
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$49,200 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Industrial Products Sector

116th out of 178 stocks

Cutlery, Handtools, & General Hardware Industry

6th out of 6 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Eastern.

2.0

Short Interest

Percentage of Shares Shorted
0.81% of the float of Eastern has been sold short.
Short Interest Ratio / Days to Cover
Eastern has a short interest ratio ("days to cover") of 6.5.
Change versus previous month
Short interest in Eastern has recently increased by 23.95%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Eastern pays a meaningful dividend of 2.62%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Eastern does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Eastern is 28.21%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Eastern has received a -397.55% net impact score from Upright. The largest negative impact of Eastern in category "Physical diseases" is driven by its "Cigars", "Cigarettes", and "Tobacco heating products" products. See details.
Environmental Sustainability
The Environmental Impact score for Eastern is -4.07.

2.8

News and Social Media Coverage

News Sentiment
Eastern has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Eastern this week, compared to 3 articles on an average week.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Eastern insiders have bought more of their company's stock than they have sold. Specifically, they have bought $49,200.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
16.31% of the stock of Eastern is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
67.54% of the stock of Eastern is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Eastern is 10.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eastern is 10.99, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.63.
Price to Book Value per Share Ratio
Eastern has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Eastern (NASDAQ:EML) Stock

The Eastern Co. engages in the design, manufacture and sale of industrial hardware, security products and metal products. It operates through the following segments: Engineered Solutions and Diversified Products. The Engineered Solutions segment consists of Big 3 Precision. The Diversified Products segment consists of Frazer & Jones, Greenwald Industries, and Argo EMS. The company was founded by Eben Tuttle in October 1858 and is headquartered in Shelton, CT.

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EML Stock News Headlines

June 6, 2023 | marketbeat.com

NATO eastern flank members want to boost support for Ukraine at alliance summit in July

The leaders of nine central and eastern European countries say NATO allies should aim at further boosting their support for Ukraine and for its aspiration to become a member of the alliance

June 5, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Eastern (NASDAQ:EML)

June 10, 2023 | Behind the Markets (Ad)

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June 3, 2023 | investorplace.com

Why AI Will Change Everything About Everything

June 2, 2023 | americanbankingnews.com

CompX International (NYSE:CIX) & Eastern (NASDAQ:EML) Head to Head Contrast

May 30, 2023 | americanbankingnews.com

The Eastern Company (NASDAQ:EML) Short Interest Update

May 27, 2023 | americanbankingnews.com

Eastern (NASDAQ:EML) Receives New Coverage from Analysts at StockNews.com

May 23, 2023 | finance.yahoo.com

The Eastern Company (NASDAQ:EML) is favoured by institutional owners who hold 51% of the company

June 10, 2023 | Behind the Markets (Ad)

The 4th Military Revolution is Happening

. There have been 3 military revolutions in the past 100 years. The first was when the tank was invented in 1915. The second was the nuclear bomb in 1945. The third was the "smart bomb" in 1991. Amid the turmoil, there will be many losers. Click here to see how to win instead >>>

May 18, 2023 | americanbankingnews.com

The Eastern Company (NASDAQ:EML) Director Charles W. Henry Acquires 2,000 Shares

May 12, 2023 | americanbankingnews.com

Eastern (NASDAQ:EML) Now Covered by StockNews.com

May 11, 2023 | americanbankingnews.com

The Eastern Company (NASDAQ:EML) to Issue $0.11 Quarterly Dividend

May 11, 2023 | finance.yahoo.com

Q1 2023 Eastern Company Earnings Call

May 9, 2023 | finance.yahoo.com

The Eastern Company Reports First Quarter 2023 Results

May 7, 2023 | americanbankingnews.com

Eastern (EML) Set to Announce Quarterly Earnings on Tuesday

May 3, 2023 | americanbankingnews.com

Eastern (NASDAQ:EML) Coverage Initiated by Analysts at StockNews.com

May 2, 2023 | finance.yahoo.com

Eastern (NASDAQ:EML) Has Announced A Dividend Of $0.11

May 1, 2023 | finance.yahoo.com

The Eastern Company to Exit Associated Tool Makers, Ltd.

April 30, 2023 | msn.com

Eastern (EML) Declares $0.11 Dividend

April 27, 2023 | finance.yahoo.com

The Eastern Company Declares 331st Consecutive Quarterly Cash Dividend

April 27, 2023 | finance.yahoo.com

The Eastern Company Announces Timing of First Quarter Fiscal Year 2023 Earnings Release and Conference Call

April 25, 2023 | americanbankingnews.com

Eastern (NASDAQ:EML) Now Covered by Analysts at StockNews.com

April 10, 2023 | americanbankingnews.com

Eastern (NASDAQ:EML) Earns Buy Rating from Analysts at StockNews.com

April 2, 2023 | barrons.com

Landslide In East DR Congo Kills 19

March 31, 2023 | financialpost.com

Oil down marginally amid uncertainty over imminent US economic data

March 28, 2023 | financialpost.com

Budget 2023: Ottawa promises to compensate farmers for Russian fertilizer tariffs

March 27, 2023 | prnewswire.com

GrubMarket Expands Supply of Produce to Ukraine and Romania, and Opens Office in Egypt

See More Headlines

EML Price History

30 days | 90 days | 365 days | Advanced Chart

EML Company Calendar

Ex-Dividend for 3/15 Dividend: 2/14/2023
Last Earnings: 3/14/2023
Dividend Payable: 3/15/2023
Ex-Dividend for 6/15 Dividend: 5/12/2023
Today: 6/09/2023
Dividend Payable: 6/15/2023
Next Earnings (Estimated): 8/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Cutlery, handtools, & general hardware
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NASDAQ:EML
CUSIP: 27631710
CIK: 31107
Web: www.easterncompany.com
Phone: (203) 729-2255
Fax: 203-723-8653
Employees: 1,191
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.56
Trailing P/E Ratio: 10.99
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $12.30 million
Net Margins: 3.43%
Pretax Margin: 4.12%
Return on Equity: 8.57%
Return on Assets: 3.99%

Debt

Debt-to-Equity Ratio: 0.40
Current Ratio: 2.69
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $279.27 million
Price / Sales: 0.38
Cash Flow: $3.04 per share
Price / Cash Flow: 5.64
Book Value: $20.37 per share
Price / Book: 0.84

Miscellaneous

Outstanding Shares: 6,230,000
Free Float: 5,216,000
Market Cap: $106.84 million
Optionable: Not Optionable
Beta: 1.05

Key Executives

Mark Hernandez
Director, Chief Executive & Operating Officer

Nicholas Vlahos
Chief Financial Officer, Secretary & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EML Stock - Frequently Asked Questions

How have EML shares performed in 2023?: Eastern's stock was trading at $19.28 at the beginning of the year. Since then, EML stock has decreased by 11.0% and is now trading at $17.15.
View the best growth stocks for 2023 here.
When is Eastern's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our EML earnings forecast.
How were Eastern's earnings last quarter?: The Eastern Company (NASDAQ:EML) announced its earnings results on Tuesday, March, 14th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The industrial products company had revenue of $69.10 million for the quarter. Eastern had a trailing twelve-month return on equity of 8.57% and a net margin of 3.43%.
How often does Eastern pay dividends? What is the dividend yield for Eastern?: Eastern announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 15th will be given a dividend of $0.11 per share on Thursday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for EML.
Is Eastern a good dividend stock?: Eastern (NASDAQ:EML) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.62%. The dividend payout ratio is 28.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for EML.
What other stocks do shareholders of Eastern own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Eastern investors own include Intelsat (I), Fossil Group (FOSL), Associated British Foods (ABF), AMC Entertainment (AMC), Chaarat Gold (CGH), Bank of America (BAC), First Data (FDC), Apollo Global Management (APO), Ciena (CIEN) and China Unicom (Hong Kong) (CHU).

What is Eastern's stock symbol?: Eastern trades on the NASDAQ under the ticker symbol "EML."
Who are Eastern's major shareholders?: Eastern's stock is owned by a variety of retail and institutional investors. Top institutional investors include Barington Capital Group L.P. (10.11%), Gamco Investors INC. ET AL (8.70%), Forager Capital Management LLC (8.39%), Dimensional Fund Advisors LP (6.54%), Renaissance Technologies LLC (2.04%) and Ancora Advisors LLC (1.09%). Insiders that own company stock include Charles W Henry, Frederick D Disanto, James A Mitarotonda and Michael J Mardy.
View institutional ownership trends.
How do I buy shares of Eastern?: Shares of EML stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Eastern's stock price today?: One share of EML stock can currently be purchased for approximately $17.15.
How much money does Eastern make?: Eastern (NASDAQ:EML) has a market capitalization of $106.84 million and generates $279.27 million in revenue each year. The industrial products company earns $12.30 million in net income (profit) each year or $1.56 on an earnings per share basis.
How many employees does Eastern have?: The company employs 1,191 workers across the globe.
How can I contact Eastern?: Eastern's mailing address is 112 BRIDGE ST, NAUGATUCK CT, 06770. The official website for the company is www.easterncompany.com. The industrial products company can be reached via phone at (203) 729-2255, via email at ir@easterncompany.com, or via fax at 203-723-8653.

This page (NASDAQ:EML) was last updated on 6/10/2023 by MarketBeat.com Staff

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