Eastern (EML) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $32.92 to $34.36
• 50-Day Range: $27.43 to $34.36
• 52-Week Range: $16.10 to $35.78
• Volume: 28,207 shs
• Average Volume: 24,769 shs
• Market Capitalization: $214.20 million
• P/E Ratio: 17.90
• Dividend Yield: 1.28%
• Price Target: N/A
• Consensus Rating: N/A

Eastern Stock Analysis - MarketRank™

Eastern scored higher than 52% of companies evaluated by MarketBeat, and ranked 122nd out of 177 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Eastern.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Eastern is 17.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eastern is 17.90, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.53.

Price to Book Value per Share Ratio

Eastern has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.70% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eastern has recently decreased by 11.58%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Eastern pays a meaningful dividend of 1.34%, 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 27.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.07

Percentage of Shares Shorted

1.70% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eastern has recently decreased by 11.58%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Eastern has a news sentiment score of 1.13. 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 0.63 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 1 news article 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.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eastern insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.00% 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

76.99% of the stock of Eastern is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EML Stock Analysis - Frequently Asked Questions

How have EML shares performed this year?

Eastern's stock was trading at $22.00 at the beginning of 2024. Since then, EML shares have increased by 56.2% and is now trading at $34.36.
View the best growth stocks for 2024 here.

How were Eastern's earnings last quarter?

The Eastern Company (NASDAQ:EML) announced its quarterly earnings data on Tuesday, August, 6th. The industrial products company reported $0.56 earnings per share for the quarter. The industrial products company earned $73.15 million during the quarter. Eastern had a trailing twelve-month return on equity of 9.05% and a net margin of 4.40%.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Eastern own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eastern investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Builders FirstSource (BLDR), Abercrombie & Fitch (ANF) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/13 Dividend: 8/15/2024
• Dividend Payable: 9/13/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Cutlery, handtools, & general hardware
• Sub-Industry: Industrial Machinery
• Current Symbol: NASDAQ:EML
• CUSIP: 27631710
• CIK: 31107
• Web: www.easterncompany.com
• Phone: (203) 729-2255
• Fax: 203-723-8653
• Employees: 1,199
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.58
• Trailing P/E Ratio: 17.90
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $8.59 million
• Net Margins: 4.40%
• Pretax Margin: 5.60%
• Return on Equity: 9.05%
• Return on Assets: 4.73%

Debt

• Debt-to-Equity Ratio: 0.29
• Current Ratio: 2.60
• Quick Ratio: 1.35

Sales & Book Value

• Annual Sales: $273.70 million
• Price / Sales: 0.78
• Cash Flow: $3.23 per share
• Price / Cash Flow: 10.64
• Book Value: $21.24 per share
• Price / Book: 1.62

Miscellaneous

• Outstanding Shares: 6,234,000
• Free Float: 5,169,000
• Market Cap: $214.20 million
• Optionable: Not Optionable
• Beta: 1.02