How have EML shares performed in 2023?

Eastern's stock was trading at $19.28 at the beginning of 2023. Since then, EML shares have decreased by 5.7% and is now trading at $18.19. View the best growth stocks for 2023 here .

Are investors shorting Eastern?

Eastern saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 38,900 shares, an increase of 10.8% from the October 31st total of 35,100 shares. Based on an average daily trading volume, of 8,000 shares, the short-interest ratio is currently 4.9 days. Approximately 0.7% of the shares of the company are short sold. View Eastern's Short Interest .

When is Eastern's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024. View our EML earnings forecast .

How were Eastern's earnings last quarter?

The Eastern Company (NASDAQ:EML) posted its earnings results on Tuesday, November, 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter. The industrial products company had revenue of $65.64 million for the quarter. Eastern had a net margin of 1.91% and a trailing twelve-month return on equity of 6.68%.

How often does Eastern pay dividends? What is the dividend yield for Eastern?

Eastern announced a quarterly dividend on Tuesday, October 31st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.11 per share on Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, November 14th. 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 2.42%. The dividend payout ratio is 52.38%. 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) .

Who are Eastern's major shareholders?

Eastern's stock is owned by many different retail and institutional investors. Top institutional investors include Minerva Advisors LLC (6.85%), Minerva Advisors LLC (0.34%), Royal Bank of Canada (0.33%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.07%), Comerica Bank (0.06%) and Tower Research Capital LLC TRC (0.02%). Insiders that own company stock include Charles W Henry, Frederick D Disanto , James A Mitarotonda , Mark Anthony Hernandez 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 .

Eastern Stock Price, News & Analysis (NASDAQ:EML)

$18.19

+0.04 (+0.22%)

(As of 12/1/2023 08:54 PM ET)

Compare

Today's Range: $18.01
▼
$18.19
50-Day Range: $16.13
▼
$19.00
52-Week Range: $15.30
▼
$24.35

Volume: 8,700 shs
Average Volume: 7,359 shs
Market Capitalization: $113.51 million

P/E Ratio: 21.65
Dividend Yield: 2.42%
Price Target: N/A

Eastern MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
0.67% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -4.07
Upright™ Environmental Score
News Sentiment: 0.93
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$268,453 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.

1.87 out of 5 stars

Industrial Products Sector

92nd out of 165 stocks

Cutlery, Handtools, & General Hardware Industry

2nd 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
0.67% 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 4.9.
Change versus previous month
Short interest in Eastern has recently increased by 10.83%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Eastern pays a meaningful dividend of 2.42%, 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 52.38%. 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.

2.7

News and Social Media Coverage

News Sentiment
Eastern has a news sentiment score of 0.93. 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 0.52 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Eastern this week, compared to 3 articles on an average week.
MarketBeat Follows
2 people have added Eastern to their MarketBeat watchlist in the last 30 days.

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 $268,453.00 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
69.20% of the stock of Eastern is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Eastern is 21.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eastern is 21.65, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.14.
Price to Book Value per Share Ratio
Eastern has a P/B Ratio of 0.88. 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 Stock (NASDAQ:EML)

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries. It also provides rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles; and development and program management services for custom electromechanical and mechanical systems for original equipment manufacturers (OEMs) and customer applications. In addition, the company designs and manufactures proprietary vision technology for OEMs and aftermarket applications, as well as offers aftermarket components to the heavy- and medium-duty truck, motorhome, and bus markets. The Eastern Company was founded in 1858 and is based in Shelton, Connecticut.

EML Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EML Stock News Headlines

November 30, 2023 | financialpost.com

The World Needs Canadian Energy to Achieve Climate Goals and Energy Security

November 26, 2023 | finance.yahoo.com

Eastern (NASDAQ:EML) Will Want To Turn Around Its Return Trends

December 4, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 16, 2023 | finance.yahoo.com

Egypt Closes Biggest State Asset Sale of Year to Rebuild Coffers

November 13, 2023 | finance.yahoo.com

The Eastern Company (NASDAQ:EML) Q3 2023 Earnings Call Transcript

November 13, 2023 | financialpost.com

Israel Latest: US Strikes Iran-Linked Targets in Eastern Syria

November 12, 2023 | finance.yahoo.com

Independent Director of Eastern Picks Up 9.7% More Stock

November 8, 2023 | finance.yahoo.com

The Eastern Company To Present at Virtual Investor Conference on November 15-16, 2023

December 4, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.

November 7, 2023 | finance.yahoo.com

The Eastern Company Reports Third Quarter 2023 Results

November 6, 2023 | investorplace.com

Dear ACHR Stock Fans, Get Ready for a Major eVTOL Catalyst on Nov. 13

October 31, 2023 | finance.yahoo.com

The Eastern Company Declares 333rd Consecutive Quarterly Cash Dividend

October 30, 2023 | finance.yahoo.com

The Eastern Company (NASDAQ:EML) is favoured by institutional owners who hold 50% of the company

October 30, 2023 | businesswire.com

Li-Cycle to Host Third Quarter 2023 Earnings Conference Call/Webcast on Monday, November 13, 2023 at 4:15 p.m. (Eastern Time)

October 20, 2023 | finance.yahoo.com

The Eastern Company Announces Timing Of Third Quarter Fiscal Year 2023 Earnings Release And Conference Call

October 14, 2023 | benzinga.com

Trump Boldly Declares 'Only I Can Protect Israel' Amid Raging Middle Eastern Conflict: 'Nobody Else Will, Nobody Else Can'

October 12, 2023 | rttnews.com

US Says Ready To Send Second Carrier If Needed To Eastern Mediterranean

October 12, 2023 | marketwatch.com

: In surprise move, UAW says 8,700 Ford workers walk off job at Louisville truck plant

October 11, 2023 | barrons.com

4 Killed In East DR Congo Attack, Including 2 Chinese Nationals

October 5, 2023 | marketwatch.com

: ‘The Golden Bachelor’ was ABC’s No. 1 series premiere on Hulu

October 2, 2023 | prnewswire.com

Zusammenfassung des 32. Wirtschaftsforums in Karpacz

October 2, 2023 | prnewswire.com

Summary of the 32nd Economic Forum in Karpacz

October 1, 2023 | financialpost.com

Climate Looms Large Over Middle East’s Biggest Oil Gathering

September 27, 2023 | markets.businessinsider.com

Global Times: Ten years on since the launch of the China-proposed BRI, a stronger connectivity find foothold in China-Central and Eastern European ties

September 21, 2023 | msn.com

Odisha Police Uncover 'Meticulously Planned Scam' in Media Houses Owned by BJD MLA Soumya Ranjan Patnaik

September 20, 2023 | msn.com

Odisha| Over 350 EML staff forced to avail loans from Gramya Bank: EOW

September 15, 2023 | forbes.com

Cleveland Guardians Top Prospect DeLauter Chase(ing) The Dream

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/14/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/07/2023
Ex-Dividend for 12/15 Dividend: 11/14/2023
Today: 12/03/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/12/2024

Get Stock Alerts

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): $0.84
Trailing P/E Ratio: 21.65
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $12.30 million
Net Margins: 1.91%
Pretax Margin: 2.46%
Return on Equity: 6.68%
Return on Assets: 3.29%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 2.60
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $279.27 million
Price / Sales: 0.41
Cash Flow: $2.98 per share
Price / Cash Flow: 6.10
Book Value: $20.62 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 6,240,000
Free Float: 5,221,000
Market Cap: $113.51 million
Optionable: Not Optionable
Beta: 1.11

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Key Executives

Mr. Mark A. Hernandez (Age 56)
CEO, President & Director
Comp: $129
Mr. Nicholas Vlahos (Age 41)
VP, Treasurer, Secretary & CFO
Mr. Jeffrey D. Fleming
Managing Director of Eberhard
Mr. Brian R. Hackler
President of Big 3 Precision Products
Ms. Theresa P. Dews
Secretary
Mr. Dan W. McGrew (Age 61)
President & CEO of Velvac
Mr. Angelo M. Labbadia (Age 65)
Group Vice President
Comp: $489.5k
Mr. Ernie Hawkins
Executive Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EML Stock Analysis - Frequently Asked Questions

How have EML shares performed in 2023?: Eastern's stock was trading at $19.28 at the beginning of 2023. Since then, EML shares have decreased by 5.7% and is now trading at $18.19.
View the best growth stocks for 2023 here.
Are investors shorting Eastern?: Eastern saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 38,900 shares, an increase of 10.8% from the October 31st total of 35,100 shares. Based on an average daily trading volume, of 8,000 shares, the short-interest ratio is currently 4.9 days. Approximately 0.7% of the shares of the company are short sold.
View Eastern's Short Interest.
When is Eastern's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024.
View our EML earnings forecast.
How were Eastern's earnings last quarter?: The Eastern Company (NASDAQ:EML) posted its earnings results on Tuesday, November, 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter. The industrial products company had revenue of $65.64 million for the quarter. Eastern had a net margin of 1.91% and a trailing twelve-month return on equity of 6.68%.
How often does Eastern pay dividends? What is the dividend yield for Eastern?: Eastern announced a quarterly dividend on Tuesday, October 31st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.11 per share on Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, November 14th.
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 2.42%. The dividend payout ratio is 52.38%. 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).
Who are Eastern's major shareholders?: Eastern's stock is owned by many different retail and institutional investors. Top institutional investors include Minerva Advisors LLC (6.85%), Minerva Advisors LLC (0.34%), Royal Bank of Canada (0.33%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.07%), Comerica Bank (0.06%) and Tower Research Capital LLC TRC (0.02%). Insiders that own company stock include Charles W Henry, Frederick D Disanto, James A Mitarotonda, Mark Anthony Hernandez 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.

This page (NASDAQ:EML) was last updated on 12/4/2023 by MarketBeat.com Staff

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