Eastern (EML) Earnings Announcement Scheduled for November 5

Eastern (NASDAQ:EML) is preparing to release its earnings results on Tuesday, November 5th, after the market closes. Interested individuals can register for the earnings conference call using this link.

Earlier this year, Eastern reported its quarterly earnings on August 6th, revealing earnings of $0.56 per share (EPS) for the quarter. The company achieved a net margin of 4.40% and a return on equity of 9.05%, with total revenues reaching $73.15 million for that quarter.

Current Market Position of Eastern

On Tuesday, shares of Eastern opened at $32.00, representing an increase of 2.7%. The company has maintained a current ratio of 2.60 and a quick ratio of 1.35, with a debt-to-equity ratio of 0.29. Recent trading data indicates a 50-day simple moving average of $31.33, alongside a 200-day simple moving average of $29.41. Over the past year, Eastern's stock has seen a low of $16.11 and a high of $35.78. The company's market capitalization stands at approximately $199.49 million, with a P/E ratio of 20.25, and a beta of 1.02.

Recent Dividend Declaration

In addition to its upcoming earnings report, Eastern has recently announced a quarterly dividend, which was distributed to shareholders on September 13th. Shareholders who were on record as of August 15th received a dividend of $0.11 per share, resulting in an annualized dividend payout of $0.44, yielding 1.38% at present. The current payout ratio is around 27.85%.

Analyst Outlook for Eastern

In a separate report, StockNews.com upgraded Eastern from a "buy" rating to a "strong-buy" rating as of August 2nd.

About Eastern Company

Eastern Company designs, manufactures, and sells engineered solutions for various industrial markets both in the United States and internationally. It specializes in providing turnkey returnable packaging solutions that are integral in the assembly processes of vehicles, aircraft, and durable goods, as well as in producing plastic packaging products, packaged consumer goods, and pharmaceuticals. Moreover, Eastern manufactures blow mold tools and provides components for the stretch blow molding industry, servicing sectors such as food, beverage, healthcare, and chemicals.

Earnings, Stocks, Analysis