Eastern (EML) Scheduled to Announce Earnings Results on November 5

Eastern (NASDAQ:EML) is preparing to release its earnings results after the market closes on Tuesday, November 5th. Investors interested in the company’s performance and insights can register for the earnings conference call by following this link: Registration Link.

Recent Earnings Performance

Previously, Eastern reported its quarterly earnings on August 6th, where the industrial products company achieved an earnings per share (EPS) of $0.56. The company recorded a net margin of 4.40% and a return on equity of 9.05%, with total revenue reaching $73.15 million for that quarter.

Stock Performance

As of Tuesday, Eastern's stock opened at $32.00, marking a 2.7% increase. The company shows a strong financial position with a current ratio of 2.60 and a quick ratio of 1.35. It maintains a low debt-to-equity ratio of 0.29. Over the past 50 days, its simple moving average was $31.33, while the 200-day moving average stood at $29.41. In the last year, Eastern's stock has fluctuated, with a low of $16.11 and a high of $35.78. The company’s market capitalization is approximately $199.49 million, and it has a price-to-earnings (P/E) ratio of 20.25.

Dividend and Analyst Ratings

In addition to its earnings reports, Eastern recently declared a quarterly dividend that was paid out on September 13th, amounting to $0.11 per share. This represents an annualized dividend of $0.44 and a yield of 1.38%. The payout ratio stands at 27.85%. Furthermore, analysts at StockNews.com have upgraded Eastern from a 'buy' to a 'strong-buy' rating, indicating confidence in its future growth potential.

Company Overview

The Eastern Company specializes in designing, manufacturing, and selling engineered solutions for industrial markets both in the United States and internationally. Their products range from turnkey returnable packaging solutions used in vehicle assembly processes to blow mold tools for various industries including food, beverage, and pharmaceuticals.

Conclusion

With the upcoming earnings report on November 5th, investors and analysts alike will be keenly observing Eastern’s performance and any updates on its growth strategy, especially after a positive stance from analysts.

Eastern, Earnings, Stocks