How to buy The Eastern Company stock

The Eastern Company is a tools & accessories business based in the US. The Eastern Company shares (EML) are listed on the NASDAQ and all prices are listed in US Dollars. The Eastern Company employs 1,323 staff and has a trailing 12-month revenue of around 0.00.

The Eastern Company share price

Use our graph to track the performance of EML stocks over time.

The Eastern Company shares at a glance

• Key figures

Information last updated 2021-04-30.

52-week range	$15.06 - $27.81
50-day moving average	$26.17
200-day moving average	$24.40
Wall St. target price	N/A
PE ratio	34.8605
Dividend yield	$0.44 (1.56%)
Earnings per share (TTM)	$0.86

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Is it a good time to buy The Eastern Company stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of The Eastern Company by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is The Eastern Company under- or over-valued?

Valuing The Eastern Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Eastern Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

The Eastern Company's P/E ratio

The Eastern Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 35x. In other words, The Eastern Company shares trade at around 35x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

The Eastern Company's EBITDA

The Eastern Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $25.1 million.

The EBITDA is a measure of a The Eastern Company's overall financial performance and is widely used to measure a its profitability.

The Eastern Company financials

Revenue TTM	$240.4 million
Operating margin TTM	6.9%
Gross profit TTM	$53.7 million
Return on assets TTM	3.73%
Return on equity TTM	5.15%
Profit margin	2.25%
Book value	$16.70
Market capitalisation	$187.3 million

TTM: trailing 12 months

Shorting The Eastern Company shares

There are currently 104,992 The Eastern Company shares held short by investors – that's known as The Eastern Company's "short interest". This figure is 33.4% up from 78,697 last month.

There are a few different ways that this level of interest in shorting The Eastern Company shares can be evaluated.

The Eastern Company's "short interest ratio" (SIR)

The Eastern Company's "short interest ratio" (SIR) is the quantity of The Eastern Company shares currently shorted divided by the average quantity of The Eastern Company shares traded daily (recently around 21647.835051546). The Eastern Company's SIR currently stands at 4.85. In other words for every 100,000 The Eastern Company shares traded daily on the market, roughly 4850 shares are currently held short.

However The Eastern Company's short interest can also be evaluated against the total number of The Eastern Company shares, or, against the total number of tradable The Eastern Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Eastern Company's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 The Eastern Company shares in existence, roughly 20 shares are currently held short) or 0.0248% of the tradable shares (for every 100,000 tradable The Eastern Company shares, roughly 25 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against The Eastern Company.

Find out more about how you can short The Eastern Company stock.

The Eastern Company share dividends

Dividend payout ratio: 4.7% of net profits

Recently The Eastern Company has paid out, on average, around 4.7% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.56% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), The Eastern Company shareholders could enjoy a 1.56% return on their shares, in the form of dividend payments. In The Eastern Company's case, that would currently equate to about $0.44 per share.

While The Eastern Company's payout ratio might seem low, this can signify that The Eastern Company is investing more in its future growth.

The Eastern Company's most recent dividend payout was on 14 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 25 February 2021 (the "ex-dividend date").

Have The Eastern Company's shares ever split?

The Eastern Company's shares were split on a 3:2 basis on 17 October 2006. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your The Eastern Company shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for The Eastern Company shares which in turn could have impacted The Eastern Company's share price.

The Eastern Company share price volatility

Over the last 12 months, The Eastern Company's shares have ranged in value from as little as $15.0588 up to $27.805. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while The Eastern Company's is 1.0971. This would suggest that The Eastern Company's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

The Eastern Company overview

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company operates through two segments, Engineered Solutions and Diversified Products. The Engineered Solutions segment offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process 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; and supplies blow molds and change parts to the food, beverage, healthcare and chemical industry. It also offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, as well as development and program management services for custom electromechanical and mechanical systems; designs and manufactures proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications; and provides aftermarket components to the heavy-duty truck market. The Diversified Products segment designs and manufactures ductile and malleable iron castings, comprising of valves, torque screws, bean clamps, and concrete anchors; and payment systems and coin security products, such as timers, drop meters, coin chutes, money boxes, meter cases, mobile payment apps, smart cards, value transfer stations, smart card readers, card management software, and access control units for commercial laundry market. It also supplies printed circuit boards and other electronic assemblies to OEMs in various industries, including measurement systems, semiconductor equipment manufacturing, industrial controls, medical, and military products. The Eastern Company was founded in 1858 and is based in Naugatuck, Connecticut.

Frequently asked questions

What percentage of The Eastern Company is owned by insiders or institutions?
Currently 14.929% of The Eastern Company shares are held by insiders and 66.85% by institutions. How many people work for The Eastern Company?
Latest data suggests 1,323 work at The Eastern Company. When does the fiscal year end for The Eastern Company?
The Eastern Company's fiscal year ends in December. Where is The Eastern Company based?
The Eastern Company's address is: 112 Bridge Street, Naugatuck, CT, United States, 06770 What is The Eastern Company's ISIN number?
The Eastern Company's international securities identification number is: US2763171046 What is The Eastern Company's CUSIP number?
The Eastern Company's Committee on Uniform Securities Identification Procedures number is: 276317104