Eastern (EML) Set to Announce Quarterly Earnings on Tuesday

Eastern (NASDAQ:EML) is set to post its quarterly earnings results after the market closes on Tuesday, November 5th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Eastern (NASDAQ:EML) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.56 earnings per share for the quarter. The business had revenue of $73.15 million during the quarter. Eastern had a net margin of 4.40% and a return on equity of 9.05%.

Eastern Trading Down 1.0 %

Shares of EML opened at $30.82 on Friday. The stock has a market capitalization of $192.01 million, a P/E ratio of 16.05 and a beta of 1.02. The company has a quick ratio of 1.35, a current ratio of 2.60 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $31.44 and a two-hundred day simple moving average of $29.41. Eastern has a twelve month low of $16.47 and a twelve month high of $35.78.

Eastern Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 1.43%. Eastern’s payout ratio is currently 22.92%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Eastern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd.

About Eastern

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes 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 for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries.