Eastern Co Stock Today
| EML Stock | USD 31.53 0.44 1.42% |
Performance13 of 100
| Odds Of DistressLess than 3
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Eastern is selling for 31.53 as of the 7th of May 2024. This is a 1.42 percent increase since the beginning of the trading day. The stock's lowest day price was 30.84. Eastern has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Eastern Co are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of April 2024 and ending today, the 7th of May 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 17th of March 1992 | Category Industrials |
The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The Eastern Company was founded in 1858 and is based in Naugatuck, Connecticut. Eastern operates under Tools Accessories classification in the United States and is traded on NASDAQ Exchange. The company has 6.21 M outstanding shares of which 24.89 K shares are currently shorted by investors with about 0.92 days to cover. More on Eastern Co
Moving together with Eastern Stock
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Moving against Eastern Stock
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Eastern Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eastern's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eastern or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and Pres | August Vlak | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Tools & Accessories, Industrials, NASDAQ Composite, NASDAQ Composite Total, SPASX All Technology, Australia All Ordinaries, Housewares, Office Supplies, Construction Materials, Industrials, Machinery, Tools & Accessories, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Eastern report their recommendations after researching Eastern's financial statements, talking to executives and customers, or listening in on Eastern's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Eastern. The Eastern consensus assessment is calculated by taking the average forecast from all of the analysts covering Eastern. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Eastern's profitability, liquidity, and operating efficiency, Eastern Co is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in June. Financial strength of Eastern is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Eastern's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Eastern's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Eastern's financial leverage. It provides some insight into what part of Eastern's total assets is financed by creditors.
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Eastern Co (EML) is traded on NASDAQ Exchange in USA. It is located in 3 Enterprise Drive, Shelton, CT, United States, 06484 and employs 1,199 people. Eastern is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 195.74 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Eastern's market, we take the total number of its shares issued and multiply it by Eastern's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Eastern runs under Machinery sector within Industrials industry. The entity has 6.21 M outstanding shares of which 24.89 K shares are currently shorted by investors with about 0.92 days to cover.
Eastern Co has about 7.11 M in cash with 26.48 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.14.
Check Eastern Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Eastern is $195.74 Million. Over half of Eastern's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Eastern. Please watch out for any change in the institutional holdings of Eastern as this could mean something significant has changed or is about to change at the company. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
Check Eastern Ownership Details
Eastern Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Eastern jumping above the current price in 90 days from now is about 19.53%. The Eastern Co probability density function shows the probability of Eastern stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Eastern has a beta of 0.7677 suggesting as returns on the market go up, Eastern average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eastern Co will be expected to be much smaller as well. Additionally, eastern Co has an alpha of 0.3842, implying that it can generate a 0.38 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Eastern to move above the current price in 90 days from now is about 19.53 (This Eastern Co probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) .
Eastern Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Eastern that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Eastern's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Eastern's value.| Instituion | Recorded On | Shares | |
| Ancora Advisors Llc | 2023-12-31 | 67.8 K | |
| Geode Capital Management, Llc | 2023-12-31 | 58.6 K | |
| Bridgeway Capital Management, Llc | 2023-12-31 | 55.7 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 39 K | |
| Blackrock Inc | 2023-12-31 | 26.9 K | |
| Wittenberg Investment Management Inc | 2023-12-31 | 23.6 K | |
| Bank Of America Corp | 2023-12-31 | 21.8 K | |
| Royal Bank Of Canada | 2023-12-31 | 20.5 K | |
| Diamond Hill Capital Management Inc | 2023-12-31 | 20 K | |
| Barington Capital Group L P | 2023-12-31 | 630.1 K | |
| Gamco Investors, Inc. Et Al | 2023-12-31 | 521.5 K |
Eastern Historical Income Statement
Eastern Co Income Statement is one of the three primary financial statements used for reporting Eastern's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eastern revenue and expense. Eastern Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Eastern's Total Operating Expenses is quite stable compared to the past year. Income Tax Expense is expected to rise to about 2.8 M this year, although the value of Gross Profit will most likely fall to about 32.5 M. View More FundamentalsEastern Stock Against Markets
Picking the right benchmark for Eastern stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eastern stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eastern is critical whether you are bullish or bearish towards Eastern Co at a given time. Please also check how Eastern's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eastern without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Eastern Corporate Management
Elected by the shareholders, the Eastern's board of directors comprises two types of representatives: Eastern inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eastern. The board's role is to monitor Eastern's management team and ensure that shareholders' interests are well served. Eastern's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eastern's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter OHara | Chief Officer | Profile | |
| Jeffrey Fleming | Managing Eberhard | Profile | |
| Ernie Hawkins | Executive Officer | Profile | |
| Christopher Moulton | Head Relations | Profile | |
| Jeffery Porter | Pres Velvac | Profile |
How to buy Eastern Stock?
Before investing in Eastern, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Eastern. To buy Eastern stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eastern. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Eastern stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eastern Co stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Eastern Co stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Eastern Co, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Eastern Stock please use our How to Invest in Eastern guide.
Already Invested in Eastern Co?
The danger of trading Eastern Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eastern is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eastern. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eastern is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Eastern is a strong investment it is important to analyze Eastern's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Eastern's future performance. For an informed investment choice regarding Eastern Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Eastern Stock analysis
When running Eastern's price analysis, check to measure Eastern's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastern is operating at the current time. Most of Eastern's value examination focuses on studying past and present price action to predict the probability of Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern's price. Additionally, you may evaluate how the addition of Eastern to your portfolios can decrease your overall portfolio volatility.
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Is Eastern's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastern. If investors know Eastern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 8.24 | Dividend Share 0.44 | Earnings Share 1.39 | Revenue Per Share 43.877 | Quarterly Revenue Growth (0.03) |
The market value of Eastern is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern's value that differs from its market value or its book value, called intrinsic value, which is Eastern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastern's market value can be influenced by many factors that don't directly affect Eastern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.