Eastern - EML Stock Forecast, Price & News

Eastern's stock was trading at $19.28 on January 1st, 2023. Since then, EML shares have decreased by 12.6% and is now trading at $16.86.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our EML earnings forecast.

The Eastern Company (NASDAQ:EML) posted its quarterly earnings results on Wednesday, April, 29th. The industrial products company reported $0.46 earnings per share for the quarter. The industrial products company earned $65.33 million during the quarter. Eastern had a trailing twelve-month return on equity of 9.25% and a net margin of 4.34%.

Eastern declared a quarterly dividend on Tuesday, February 7th. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Tuesday, February 14th.
Read our dividend analysis for EML.

Eastern (NASDAQ:EML) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.65%. The dividend payout ratio is 22.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for EML.

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).

Eastern trades on the NASDAQ under the ticker symbol "EML."

Eastern's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (8.69%), Forager Capital Management LLC (7.46%), Dimensional Fund Advisors LP (6.73%), Minerva Advisors LLC (6.58%), Teton Advisors Inc. (4.75%) and Renaissance Technologies LLC (2.02%). Insiders that own company stock include Frederick D Disanto, James A Mitarotonda and Michael J Mardy.
View institutional ownership trends.

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.
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One share of EML stock can currently be purchased for approximately $16.86.

Eastern (NASDAQ:EML) has a market capitalization of $104.87 million and generates $279.27 million in revenue each year. The industrial products company earns $9.35 million in net income (profit) each year or $1.94 on an earnings per share basis.

The company employs 1,191 workers across the globe.

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.