Eastern (EML) Set to Announce Quarterly Earnings on Monday

Eastern (NASDAQ:EMLGet Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, May 9th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Eastern (NASDAQ:EMLGet Rating) last released its earnings results on Thursday, March 17th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter. Eastern had a return on equity of 13.80% and a net margin of 4.36%. The business had revenue of $59.60 million for the quarter.

Shares of NASDAQ EML opened at $23.10 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.23 and a current ratio of 2.50. The stock has a 50 day moving average price of $23.65 and a 200 day moving average price of $24.58. The stock has a market capitalization of $144.19 million, a PE ratio of 12.91 and a beta of 0.99. Eastern has a 52 week low of $23.03 and a 52 week high of $33.96.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Friday, May 13th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, May 12th. Eastern’s dividend payout ratio (DPR) is 24.58%.

A number of institutional investors have recently bought and sold shares of EML. Morgan Stanley raised its stake in Eastern by 50.7% in the 2nd quarter. Morgan Stanley now owns 5,884 shares of the industrial products company’s stock valued at $178,000 after acquiring an additional 1,980 shares during the period. Northern Trust Corp increased its holdings in shares of Eastern by 2.8% in the fourth quarter. Northern Trust Corp now owns 15,603 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 429 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of Eastern by 140.8% in the fourth quarter. Susquehanna International Group LLP now owns 23,237 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 13,587 shares during the period. BlackRock Inc. lifted its stake in shares of Eastern by 2.5% during the 4th quarter. BlackRock Inc. now owns 35,523 shares of the industrial products company’s stock worth $890,000 after buying an additional 874 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Eastern by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 73,072 shares of the industrial products company’s stock worth $1,832,000 after buying an additional 1,132 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Separately, StockNews.com initiated coverage on shares of Eastern in a research note on Wednesday, April 27th. They issued a “buy” rating for the company.

Eastern Company Profile (Get Rating)

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process 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; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industry.

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Earnings History for Eastern (NASDAQ:EML)

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