Eastern (NASDAQ:EML) Issues Earnings Results, Misses Expectations By $0.39 EPS

Eastern (NASDAQ:EML) released its quarterly earnings data on Tuesday. The industrial products company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.39), FiscalAI reports. The company had revenue of $59.68 million for 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%.

Eastern Stock Performance

Shares of EML opened at $20.82 on Thursday. The company has a current ratio of 3.59, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The stock has a market cap of $125.75 million, a P/E ratio of 21.69 and a beta of 0.88. The company has a 50-day moving average of $20.96 and a two-hundred day moving average of $19.84. Eastern has a 12-month low of $17.61 and a 12-month high of $26.77.

Eastern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, May 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.1%. Eastern’s payout ratio is presently 37.61%.

More Eastern News

Here are the key news stories impacting Eastern this week:

• Negative Sentiment: The company reported Q1 2026 earnings of $0.11 per share, well below analyst expectations of $0.50, while revenue came in at $59.7 million versus estimates of $67.7 million. That miss is likely pressuring the stock. The Eastern Company Reports First Quarter 2026 Results
• Neutral Sentiment: Management said sequential revenue improved from Q4 2025 and backlog strengthened, but the quarter was still impacted by weak performance in the racks business and ongoing softness in returnable packaging volumes. The Eastern Company Reports First Quarter 2026 Results
• Neutral Sentiment: The company also reduced debt by $1.0 million and repurchased $422,355 of stock, while ending the quarter with about $67 million of revolver availability, which supports liquidity but is unlikely to offset the earnings disappointment in the near term. The Eastern Company Reports First Quarter 2026 Results

Insider Transactions at Eastern

In other Eastern news, Director James A. Mitarotonda bought 5,067 shares of the business’s stock in a transaction on Friday, March 6th. The stock was bought at an average price of $18.29 per share, for a total transaction of $92,675.43. Following the completion of the transaction, the director owned 640,000 shares in the company, valued at approximately $11,705,600. The trade was a 0.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Everets bought 1,339 shares of the business’s stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $20.93 per share, with a total value of $28,025.27. Following the transaction, the director owned 141,194 shares of the company’s stock, valued at $2,955,190.42. The trade was a 0.96% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 17,680 shares of company stock valued at $347,161. 18.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eastern

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of Eastern by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 20,533 shares of the industrial products company’s stock valued at $520,000 after buying an additional 6,219 shares during the last quarter. Empowered Funds LLC raised its position in shares of Eastern by 7.1% in the first quarter. Empowered Funds LLC now owns 31,855 shares of the industrial products company’s stock valued at $807,000 after buying an additional 2,100 shares during the last quarter. Strs Ohio acquired a new position in shares of Eastern in the first quarter valued at approximately $127,000. Geode Capital Management LLC raised its position in shares of Eastern by 6.3% in the second quarter. Geode Capital Management LLC now owns 138,918 shares of the industrial products company’s stock valued at $3,171,000 after buying an additional 8,205 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Eastern by 3.5% in the second quarter. First Trust Advisors LP now owns 18,455 shares of the industrial products company’s stock valued at $421,000 after buying an additional 617 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank Of Canada downgraded shares of Eastern from a “moderate buy” rating to a “hold” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Eastern

Eastern (NASDAQ: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.