Eastern (EML) Scheduled to Post Earnings on Monday

Eastern (NASDAQ:EMLGet Rating) is set to announce its earnings results after the market closes on Monday, August 8th. Investors interested in registering for the company’s conference call can do so using this link.

Eastern (NASDAQ:EMLGet Rating) last issued its earnings results on Monday, May 9th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $69.02 million for the quarter. Eastern had a return on equity of 12.16% and a net margin of 3.32%.

Eastern Stock Down 1.0 %

Shares of EML opened at $21.15 on Friday. The business’s 50 day moving average is $20.76 and its 200 day moving average is $22.49. The company has a market capitalization of $131.98 million, a PE ratio of 15.78 and a beta of 0.88. Eastern has a 12-month low of $19.00 and a 12-month high of $32.47. The company has a current ratio of 2.66, a quick ratio of 1.31 and a debt-to-equity ratio of 0.57.

Eastern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, August 12th. Eastern’s payout ratio is 32.84%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Eastern in a research report on Monday, August 1st. They set a “buy” rating on the stock.

Insiders Place Their Bets

In related news, Director Frederick D. Disanto purchased 2,000 shares of Eastern stock in a transaction dated Friday, May 20th. The stock was purchased at an average cost of $20.92 per share, with a total value of $41,840.00. Following the transaction, the director now owns 23,725 shares in the company, valued at approximately $496,327. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other Eastern news, Director Frederick D. Disanto bought 2,000 shares of Eastern stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average cost of $20.92 per share, with a total value of $41,840.00. Following the transaction, the director now directly owns 23,725 shares of the company’s stock, valued at approximately $496,327. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick D. Disanto acquired 1,619 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was purchased at an average cost of $21.00 per share, for a total transaction of $33,999.00. Following the completion of the acquisition, the director now directly owns 27,144 shares of the company’s stock, valued at approximately $570,024. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 6,421 shares of company stock worth $134,009. 16.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eastern

A number of hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL lifted its position in shares of Eastern by 0.3% in the first quarter. Gamco Investors INC. ET AL now owns 556,193 shares of the industrial products company’s stock valued at $12,954,000 after acquiring an additional 1,450 shares in the last quarter. State Street Corp lifted its position in shares of Eastern by 3.9% in the first quarter. State Street Corp now owns 17,120 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 640 shares in the last quarter. UBS Group AG lifted its position in shares of Eastern by 21.2% in the first quarter. UBS Group AG now owns 4,702 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 822 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Eastern by 5.8% in the first quarter. Ancora Advisors LLC now owns 63,797 shares of the industrial products company’s stock valued at $1,710,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Eastern by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 412,367 shares of the industrial products company’s stock valued at $9,604,000 after acquiring an additional 3,207 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About Eastern

(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.

Further Reading

Earnings History for Eastern (NASDAQ:EML)

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