Eastern (NASDAQ:EML) Issues Earnings Results

Eastern (NASDAQ:EML) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.42 EPS for the quarter, Zacks reports. Eastern had a negative net margin of 2.26% and a positive return on equity of 10.44%. The firm had revenue of $66.70 million for the quarter.

Eastern Stock Performance

Eastern stock opened at $27.05 on Thursday. The company has a current ratio of 2.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37. Eastern has a 1 year low of $23.15 and a 1 year high of $35.78. The company has a market cap of $167.25 million, a PE ratio of -26.26 and a beta of 0.97. The company’s 50-day moving average is $27.37 and its two-hundred day moving average is $29.11.

Eastern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.63%. Eastern’s payout ratio is presently -42.72%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Eastern from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

Eastern Company Profile

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.