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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.
|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|
|Dividend yield||$0.44 (1.56%)|
|Earnings per share (TTM)||$0.86|
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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 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 (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.
|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%|
|Market capitalisation||$187.3 million|
TTM: trailing 12 months
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) 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.
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").
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.
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 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.
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