Eastern (EML) Earnings Announcement Scheduled for November 5th

Eastern (NASDAQ:EML) is preparing to release its earnings results after the market closes on Tuesday, November 5th. Anyone interested in participating in the earnings conference call can register using the provided link.

Previous Earnings Results

In its last quarterly earnings report on August 6th, Eastern reported 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%. The total revenue for the quarter reached $73.15 million.

Recent Stock Performance

As of Tuesday, Eastern’s stock opened at $32.00, reflecting a 2.7% increase. The company’s current ratio stands at 2.60, while the quick ratio is 1.35. Eastern has a debt-to-equity ratio of 0.29, indicating a manageable level of debt. The stock has been performing well, with a fifty-day simple moving average of $31.33 and a 200-day simple moving average of $29.41. Throughout the past year, Eastern saw a low of $16.11 and a high of $35.78, and the company currently holds a market capitalization of $199.49 million, with a P/E ratio of 20.25 and a beta of 1.02.

Dividend Announcement

Recently, Eastern declared a quarterly dividend, which was distributed on September 13th. Shareholders who were on record as of August 15th received a dividend of $0.11 per share. This represents an annualized dividend of $0.44, yielding 1.38%. Currently, Eastern’s payout ratio stands at 27.85%.

Analysts’ Outlook

In a report released on August 2nd, StockNews.com upgraded Eastern from a "buy" to a "strong-buy" rating, indicating positive expectations for the company's future growth.

About Eastern Company

The Eastern Company specializes in designing, manufacturing, and selling engineered solutions for various industrial markets in the U.S. and internationally. The company offers integrated returnable packaging solutions used in manufacturing processes for vehicles, aircraft, and other durable goods, as well as producing plastic packaging products and pharmaceuticals. Additionally, it designs and manufactures blow mold tools for the food, healthcare, and chemical sectors.

Eastern, Earnings, Investment