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

Posted by Geri Gentry on May 12th, 2026

Eastern (NASDAQ:EML – Get Free Report) posted its earnings results on Tuesday. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.39), FiscalAI reports. The business had revenue of $59.68 million during the quarter, compared to the consensus estimate of $67.74 million. Eastern had a return on equity of 6.52% and a net margin of 2.90%.

Eastern Stock Up 1.6%

Shares of NASDAQ EML traded up $0.35 on Tuesday, reaching $22.32. 8,432 shares of the company’s stock traded hands, compared to its average volume of 15,256. Eastern has a 12 month low of $17.61 and a 12 month high of $26.77. The business’s 50 day simple moving average is $20.84 and its two-hundred day simple moving average is $19.83. The company has a market cap of $134.81 million, a price-to-earnings ratio of 19.08 and a beta of 0.88. The company has a quick ratio of 1.55, a current ratio of 3.59 and a debt-to-equity ratio of 0.30.

Eastern Dividend Announcement

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 paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.0%. Eastern’s dividend payout ratio (DPR) is currently 37.61%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Eastern

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Eastern by 82.9% during the third quarter. BNP Paribas Financial Markets now owns 1,273 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 577 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Eastern during the third quarter valued at approximately $40,000. Tower Research Capital LLC TRC increased its position in shares of Eastern by 295.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 1,299 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Eastern during the second quarter valued at approximately $70,000. Finally, Deutsche Bank AG bought a new stake in shares of Eastern during the fourth quarter valued at approximately $98,000. Institutional investors own 76.99% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut Eastern from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Eastern presently has a consensus rating of “Hold”.

Read Our Latest Report on Eastern

About Eastern

(Get Free Report)

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.

Earnings History for Eastern (NASDAQ:EML)

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