NASDAQ:EML

Eastern - EML Stock Forecast, Price & News

$19.90

+0.10 (+0.51%)

(As of 03/27/2023 11:08 AM ET)

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Today's Range: $19.87
▼
$20.06
50-Day Range: $15.86
▼
$23.30
52-Week Range: $15.30
▼
$24.35

Volume: 2,843 shs
Average Volume: 10,758 shs
Market Capitalization: $123.78 million

P/E Ratio: 10.26
Dividend Yield: 2.21%
Price Target: N/A

Institutional Ownership

Eastern MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
0.83% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -4.07
Upright™ Environmental Score
News Sentiment: 1.03
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$16,000 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.

2.05 out of 5 stars

Industrial Products Sector

95th out of 179 stocks

Cutlery, Handtools, & General Hardware Industry

5th 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
0.83% 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 4.8.
Change versus previous month
Short interest in Eastern has recently increased by 2.13%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Eastern pays a meaningful dividend of 2.22%, 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 22.68%. 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 1.03. 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 0.66 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Eastern this week, compared to 2 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 $16,000.00 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 10.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eastern is 10.26, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.62.
Price to Book Value per Share Ratio
Eastern has a P/B Ratio of 0.98. 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

March 24, 2023 | finance.yahoo.com

The Eastern Company Announces The Restructuring Of The Chief Operating Officer Position

March 24, 2023 | finance.yahoo.com

Frederick DiSanto Is The Independent Director of The Eastern Company (NASDAQ:EML) And They Just Picked Up 19% More Shares

March 27, 2023 | Weiss Ratings (Ad)

Urgent Warning

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March 24, 2023 | americanbankingnews.com

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

March 22, 2023 | marketwatch.com

Market Snapshot: U.S. stock futures dip ahead of Fed rate decision

March 20, 2023 | seekingalpha.com

Eastern Company: The Plunge Could Represent A Buy Opportunity

March 20, 2023 | finance.yahoo.com

The Eastern Company (NASDAQ:EML) Q4 2022 Earnings Call Transcript

March 20, 2023 | news.bitcoin.com

Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

March 27, 2023 | Weiss Ratings (Ad)

Urgent Warning

March 19, 2023 | bitcoinist.com

Ethereum Price Plummets As Whale Transfers $33 Million ETH To Binance

March 19, 2023 | americanbankingnews.com

Michael J. Mardy Purchases 1,000 Shares of The Eastern Company (NASDAQ:EML) Stock

March 18, 2023 | americanbankingnews.com

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

March 16, 2023 | finance.yahoo.com

Q4 2022 Eastern Co Earnings Call

March 14, 2023 | msn.com

The Eastern Company GAAP EPS of $1.77, revenue of $279.2M

March 14, 2023 | finance.yahoo.com

The Eastern Company Reports Fourth Quarter And Full-Year 2022 Results Full-year Net Sales From Continuing Operations Increased 13%

March 14, 2023 | marketwatch.com

Market Snapshot: U.S. stock futures rise as traders eye inflation data and bank situation

March 9, 2023 | businesswire.com

Eastern Bank Launches Equity Alliance for Business, Further Advancing Growth Opportunities for Underrepresented Business Owners

March 9, 2023 | ft.com

Military briefing: Ukraine’s battle of diminishing returns for Bakhmut

March 7, 2023 | marketwatch.com

Market Snapshot: U.S. stock futures inch higher ahead of Powell testimony

March 2, 2023 | businesswire.com

HeartBeam to Host Fourth Quarter and Full Year 2022 Results Conference Call on Thursday March 16, 2023 at 4:30 p.m. Eastern Time

March 1, 2023 | marketwatch.com

Digging into President Biden's economic agenda: Join us live at noon Eastern

March 1, 2023 | marketwatch.com

: Live Q&A: Watch the White House National Economic Council’s Bharat Ramamurti

March 1, 2023 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About The Eastern Company (NASDAQ:EML)?

February 28, 2023 | news.bitcoin.com

Bitcoin-Based NFTs Cross 200,000 Ordinal Inscriptions, Yuga Labs Launches Twelvefold Collection

February 23, 2023 | finance.yahoo.com

The Eastern Company Announces Timing of Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference Call

February 7, 2023 | finance.yahoo.com

The Eastern Company Declares 330th Regular Quarterly Cash Dividend

February 3, 2023 | investing.com

Cryptocurrency Exchange Kraken Shuts Down Middle Eastern Operations

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30 days | 90 days | 365 days | Advanced Chart

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EML Company Calendar

Last Earnings: 4/29/2020
Ex-Dividend for 3/15 Dividend: 2/14/2023
Dividend Payable: 3/15/2023
Today: 3/27/2023
Next Earnings (Estimated): 5/08/2023
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): $1.94
Trailing P/E Ratio: 10.21
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $12.30 million
Net Margins: 4.34%
Pretax Margin: 5.16%
Return on Equity: 9.25%
Return on Assets: 4.16%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 2.67
Quick Ratio: 1.29

Sales & Book Value

Annual Sales: $279.27 million
Price / Sales: 0.44
Cash Flow: $3.10 per share
Price / Cash Flow: 6.39
Book Value: $20.37 per share
Price / Book: 0.97

Miscellaneous

Outstanding Shares: 6,220,000
Free Float: 5,207,000
Market Cap: $123.16 million
Optionable: Not Optionable
Beta: 1.04

Key Executives

Mark Hernandez
Chief Executive Officer & Director

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 start of the year. Since then, EML stock has increased by 2.7% and is now trading at $19.80.
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, May 8th 2023.
View our EML earnings forecast.
How were Eastern's earnings last quarter?: The Eastern Company (NASDAQ:EML) released its earnings results on Wednesday, April, 29th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter. The industrial products company had revenue of $65.33 million for the quarter. Eastern had a trailing twelve-month return on equity of 9.25% and a net margin of 4.34%.
How often does Eastern pay dividends? What is the dividend yield for Eastern?: Eastern declared a quarterly dividend on Tuesday, February 7th. Shareholders 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 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, February 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 2.31%. The dividend payout ratio is 22.68%. 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 institutional and retail investors. Top institutional investors 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.
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 $19.80.
How much money does Eastern make?: Eastern (NASDAQ:EML) has a market capitalization of $123.16 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 $1.94 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 3/27/2023 by MarketBeat.com Staff

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Eastern - EML Stock Forecast, Price & News

Eastern MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Eastern (NASDAQ:EML) Stock

EML Stock News Headlines

EML Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

EML Stock - Frequently Asked Questions

Overall MarketRank^™