Eastern Company (The) (NASDAQ:EML) Declares $0. 11 Quarterly Dividend
Eastern Company (The) (NASDAQ:EML) declared a quarterly dividend on Monday, July 20th. Investors of record on Friday, August 14th will be given a dividend of 0. 11 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1. 7%. The ex-dividend date of this dividend is Friday, August 14th.
Eastern Company (The)(NASDAQ:EML-Get Free Report) declared a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, August 14th will be given a dividend of 0. 11 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1. 7%. The ex-dividend date is Friday, August 14th. GetEasternalerts:Why Oil Refiners Are the Real Winners of $100 Oil PricesEastern has a dividend payout ratio of 17. 2% meaning its dividend is sufficiently covered by earnings. Eastern Price PerformanceShares ofNASDAQ:EMLopened at $25. 48 on Tuesday. The company has a 50 day moving average of $23. 35 and a 200 day moving average of $21. 05. The company has a current ratio of 3. 52, a quick ratio of 1. 64 and a debt-to-equity ratio of 0. 29. The stock has a market cap of $153. 64 million, a P/E ratio of 26. 54 and a beta of 0. 82. Eastern has a 12 month low of $17. 61 and a 12 month high of $29. 91. Does A&F's Q2 Earnings Win Point to a Strong Holiday Season?Eastern (NASDAQ:EML-Get Free Report) last posted its earnings results on Tuesday, May 12th. The industrial products company reported $0. 11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0. 50 by ($0. 39). The firm had revenue of $59. 68 million during the quarter, compared to analysts' expectations of $67. 74 million. Eastern had a return on equity of 5. 46% and a net margin of 2. 41%. Wall Street Analysts Forecast GrowthSeveral equities research analysts recently issued reports on EML shares. Royal Bank Of Canada lowered Eastern from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 13th. Weiss Ratingsrestated a "hold (c)" rating on shares of Eastern in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Eastern has a consensus rating of "Hold". View Our Latest Report on EasternAbout Eastern(Get Free Report)EasternNASDAQ: EML, based in West Haven, Connecticut, is a diversified industrial manufacturer specializing in secure hardware and metal finishing services. The company operates through two primary segments: Industrial Hardware Products and Security Products, complemented by a Metal Coatings division. Its Industrial Hardware Products segment produces cold-headed fasteners, forgings, hinges and precision components for heavy commercial vehicles, hydraulic cylinders and industrial machinery. The Security Products segment designs and manufactures a wide range of lock and latch solutions, including padlocks, door hardware, cabinet locks and rental security towers for commercial and institutional applications. Read MoreFive stocks we like better than EasternQualcomm Stock Slides 30%: Buying Opportunity Ahead of July 29 EarningsThe Ugliest Stocks in the Market Just Got a Very Expensive Vote of ConfidenceIs Domino's Stock Serving Up a Buying Opportunity?A $1T Black Hole: SpaceX Eyes Pentagon AI to Break FreeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in Eastern Right Now?Before you consider Eastern, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Eastern wasn't on the list. While Eastern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereClick the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report