Eastern (EML) Earnings Announcement on November 5

Eastern (NASDAQ:EML) is scheduled to release its earnings results after the market closes on Tuesday, November 5th. Interested individuals can register for the earnings conference call through the provided link.

In its previous earnings report, released on August 6th, Eastern reported earnings of $0.56 per share. The company recorded a net margin of 4.40% and a return on equity of 9.05%. The revenue for that quarter amounted to $73.15 million.

Market Performance of Eastern

On the trading day prior to the earnings release, Eastern shares opened at $32.00. The company has demonstrated strong financial health with a current ratio of 2.60, a quick ratio of 1.35, and a low debt-to-equity ratio of 0.29. Eastern’s stock price has shown an increase, reflecting a 12-month low of $16.11 and a high of $35.78. The company has a market capitalization of $199.49 million and a P/E ratio of 20.25.

Dividend Information

Recently, Eastern announced a quarterly dividend of $0.11 per share, which was paid on September 13th. This dividend represents an annualized yield of 1.38%, with a current payout ratio of 27.85%.

Analyst Ratings and Expectations

In recent news, StockNews.com upgraded Eastern from a “buy” to a “strong-buy” rating, reflecting positive sentiments about the company's growth.

About Eastern Company

Eastern Company is engaged in designing, manufacturing, and selling engineered solutions for various industrial markets, both domestically and internationally. Their product offerings include returnable packaging solutions, blow mold tools, and components for industries such as healthcare, food and beverage, and consumer goods.

Earnings, Stocks, Market