Eastern (EML) Scheduled to Release Earnings on Tuesday

Eastern (NASDAQ:EML) is preparing to announce its earnings report after the market closes on Tuesday, November 5th. Those interested in participating in the earnings conference call can register online.

Previous Earnings Results

Eastern last reported its quarterly earnings on August 6th, where it showcased earnings of $0.56 per share for the quarter. The company achieved a net margin of 4.40% and a return on equity of 9.05%. Furthermore, it generated revenue totaling $73.15 million during that quarter.

Current Trading Status

On Tuesday, NASDAQ:EML opened at $32.00. The organization has a current ratio of 2.60 and a quick ratio of 1.35, indicating strong short-term financial health. Its debt-to-equity ratio stands at 0.29. Additionally, Eastern's stock has shown a fifty-day simple moving average of $31.33 and a two-hundred-day simple moving average of $29.41. In the past year, the stock has fluctuated between a low of $16.11 and a high of $35.78. Eastern's market capitalization is approximately $199.49 million, with a price-to-earnings ratio of 20.25 and a beta of 1.02.

Dividend Information

The company has recently declared a quarterly dividend, which was distributed on September 13th. Shareholders recorded on August 15th received a dividend of $0.11 per share. The ex-dividend date was also set for August 15th, resulting in an annualized dividend of $0.44, equating to a yield of 1.38%. Currently, Eastern has a payout ratio of 27.85%.

Analyst Ratings and Growth Outlook

In recent updates, analysts from StockNews.com have boosted Eastern’s rating from "buy" to "strong-buy," indicating a positive outlook for the company's performance.

About Eastern Company

The Eastern Company specializes in designing, manufacturing, and selling engineered solutions tailored for industrial markets both in the U.S. and internationally. It offers various products, including turnkey returnable packaging solutions used in diverse assembly processes such as those for vehicles, aircraft, and durable goods. Furthermore, the firm designs and manufactures blow mold tools, alongside providing components vital for the stretch blow molding industry, serving sectors like food, beverage, healthcare, and chemicals.

Conclusion

As Eastern prepares to unveil its earnings report, investors will be keenly watching for insights into the company's financial progress and future growth potential.

Eastern, earnings, NASDAQ