Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €22.80, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 20x in the Machinery industry in Germany. Total returns to shareholders of 51% over the past three years. Buy Or Sell Opportunity • Jun 16
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to €18.00. The fair value is estimated to be €14.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 11%. Aankondiging • Jun 03
The Eastern Company (NasdaqGM:EML) acquired Sungear, Inc/Crown Precision Machining Inc. The Eastern Company (NasdaqGM:EML) acquired Sungear, Inc/Crown Precision Machining Inc on June 2, 2026. A cash consideration of $7.85 million will be paid by The Eastern Company. As part of consideration, $7.85 million is paid towards assets of Sungear, Inc/Crown Precision Machining Inc on a cash and debt free basis. The transaction will be financed through senior debt of $7.85 million.
For the period ending March 31, 2026, Sungear, Inc/Crown Precision Machining Inc reported total revenue of $22.8 million.
The Eastern Company (NasdaqGM:EML) completed the acquisition of Sungear, Inc/Crown Precision Machining Inc on June 2, 2026. Buy Or Sell Opportunity • May 21
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to €16.80. The fair value is estimated to be €13.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 11%. Aankondiging • May 08
The Eastern Company announces Quarterly dividend, payable on June 15, 2026 The Eastern Company announced Quarterly dividend of USD 0.1100 per share payable on June 15, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. Aankondiging • Apr 23
The Eastern Company to Report Q1, 2026 Results on May 12, 2026 The Eastern Company announced that they will report Q1, 2026 results After-Market on May 12, 2026 Aankondiging • Mar 24
The Eastern Company, Annual General Meeting, May 06, 2026 The Eastern Company, Annual General Meeting, May 06, 2026. Aankondiging • Feb 14
The Eastern Company to Report Q4, 2025 Results on Mar 03, 2026 The Eastern Company announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 03, 2026 Aankondiging • Oct 13
The Eastern Company to Report Q3, 2025 Results on Nov 04, 2025 The Eastern Company announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Aankondiging • Jul 17
The Eastern Company to Report Q2, 2025 Results on Aug 05, 2025 The Eastern Company announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Aankondiging • Jun 30
The Eastern Company(NasdaqGM:EML) dropped from Russell 2000 Dynamic Index The Eastern Company(NasdaqGM:EML) dropped from Russell 2000 Dynamic Index Aankondiging • Apr 24
The Eastern Company to Report Q1, 2025 Results on May 06, 2025 The Eastern Company announced that they will report Q1, 2025 results After-Market on May 06, 2025 Aankondiging • Mar 13
The Eastern Company, Annual General Meeting, Apr 30, 2025 The Eastern Company, Annual General Meeting, Apr 30, 2025. Aankondiging • Feb 19
The Eastern Company to Report Q4, 2024 Results on Mar 11, 2025 The Eastern Company announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 11, 2025 Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.75 (vs US$0.49 in 3Q 2023) Third quarter 2024 results: EPS: US$0.75 (up from US$0.49 in 3Q 2023). Revenue: US$71.3m (up 8.6% from 3Q 2023). Net income: US$4.67m (up 53% from 3Q 2023). Profit margin: 6.6% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • Nov 04
Second quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 15th November 2024 Payment date: 13th December 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Aankondiging • Oct 31
The Eastern Company Declares Quarterly Cash Dividend, Payable on December 13, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 cents ($0.11) per share, payable December 13, 2024, to common shareholders of record as of November 15, 2024. This dividend represents the Company's 337 consecutive quarterly dividend. Aankondiging • Oct 22
The Eastern Company to Report Q3, 2024 Results on Nov 05, 2024 The Eastern Company announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 Buy Or Sell Opportunity • Oct 22
Now 21% undervalued Over the last 90 days, the stock has risen 17% to €30.80. The fair value is estimated to be €39.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 22%. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.56 (vs US$0.22 in 2Q 2023) Second quarter 2024 results: EPS: US$0.56 (up from US$0.22 in 2Q 2023). Revenue: US$73.2m (up 7.0% from 2Q 2023). Net income: US$3.51m (up 151% from 2Q 2023). Profit margin: 4.8% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 05
First quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 15th August 2024 Payment date: 13th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.2% EPS decline seen over the last 5 years. Aankondiging • Aug 01
The Eastern Company Declares Quarterly Cash Dividend, Payable on September 13, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 cents ($0.11) per share, payable September 13, 2024, to common shareholders of record as of August 15, 2024. . Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €27.80, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 16x in the Machinery industry in Germany. Total returns to shareholders of 15% over the past three years. Recent Insider Transactions • May 21
CEO, President & Director recently bought €89k worth of stock On the 17th of May, Mark Hernandez bought around 3k shares on-market at roughly €26.93 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of €380k worth in shares. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.31 (vs US$0.098 in 1Q 2023) First quarter 2024 results: EPS: US$0.31 (up from US$0.098 in 1Q 2023). Revenue: US$67.9m (down 6.3% from 1Q 2023). Net income: US$1.95m (up 221% from 1Q 2023). Profit margin: 2.9% (up from 0.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Declared Dividend • May 06
Fourth quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 14th May 2024 Payment date: 17th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.8% EPS decline seen over the last 5 years. Aankondiging • Apr 27
The Eastern Company Declares Quarterly Cash Dividend, Payable on June 17, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of $0.11 per share, payable June 17, 2024, to common shareholders of record as of May 15, 2024. Aankondiging • Apr 23
The Eastern Company to Report Q1, 2024 Results on May 06, 2024 The Eastern Company announced that they will report Q1, 2024 results After-Market on May 06, 2024 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €25.80, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 15x in the Machinery industry in Germany. Total returns to shareholders of 22% over the past three years. Aankondiging • Mar 13
The Eastern Company, Annual General Meeting, Apr 25, 2024 The Eastern Company, Annual General Meeting, Apr 25, 2024, at 11:00 US Eastern Standard Time. Agenda: To elect seven directors; to cast a nonbinding advisory vote to approve the compensation of our named executive officers; to ratify the audit committee’s appointment of fiondella, milone & lasaracina llp as the independent registered public accounting firm for fiscal year 2024; and to transact such other business as may properly come before the annual meeting of shareholders or any adjournment thereof. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$1.38 (vs US$1.78 in FY 2022) Full year 2023 results: EPS: US$1.38 (down from US$1.78 in FY 2022). Revenue: US$273.5m (down 2.1% from FY 2022). Net income: US$8.59m (down 22% from FY 2022). Profit margin: 3.1% (down from 4.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 21
The Eastern Company to Report Q4, 2023 Results on Mar 12, 2024 The Eastern Company announced that they will report Q4, 2023 results After-Market on Mar 12, 2024 Declared Dividend • Feb 12
Third quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 14th February 2024 Payment date: 15th March 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 42% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years. Aankondiging • Feb 06
The Eastern Company Declares Quarterly Cash Dividend, Payable on March 15, 2024 The Eastern Company announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable March 15, 2024, to common shareholders of record as of February 15, 2024. Recent Insider Transactions • Nov 20
Independent Director recently bought €85k worth of stock On the 17th of November, Frederick DiSanto bought around 5k shares on-market at roughly €17.10 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €661k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 12
Independent Director recently bought €85k worth of stock On the 9th of November, Frederick DiSanto bought around 5k shares on-market at roughly €16.98 per share. This transaction amounted to 9.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €480k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$0.49 (vs US$0.72 in 3Q 2022) Third quarter 2023 results: EPS: US$0.49 (down from US$0.72 in 3Q 2022). Revenue: US$65.6m (down 8.4% from 3Q 2022). Net income: US$3.06m (down 32% from 3Q 2022). Profit margin: 4.7% (down from 6.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.11 per share at 2.5% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.0%). Aankondiging • Nov 01
The Eastern Company Declares Quarterly Cash Dividend, Payable on December 15, 2023 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 cents ($0.11) per share, payable December 15, 2023, to common shareholders of record as of November 15, 2023. Aankondiging • Oct 21
The Eastern Company to Report Q3, 2023 Results on Nov 07, 2023 The Eastern Company announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Recent Insider Transactions • Sep 10
CEO, President & Director recently bought €63k worth of stock On the 7th of September, Mark Hernandez bought around 4k shares on-market at roughly €17.17 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of €122k worth in shares. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 0.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.22 (vs US$0.59 in 2Q 2022) Second quarter 2023 results: EPS: US$0.22 (down from US$0.59 in 2Q 2022). Revenue: US$68.3m (down 1.7% from 2Q 2022). Net income: US$1.40m (down 62% from 2Q 2022). Profit margin: 2.0% (down from 5.3% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Aankondiging • Aug 02
The Eastern Company Declares Quarterly Cash Dividend, Payable on September 15, 2023 The Eastern Company announced the declaration of its regular quarterly cash dividend of 11 cents ($0.11) per share, payable September 15, 2023, to common shareholders of record as of August 15, 2023. Aankondiging • Jul 24
The Eastern Company to Report Q2, 2023 Results on Aug 08, 2023 The Eastern Company announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.10 (vs US$0.43 in 1Q 2022) First quarter 2023 results: EPS: US$0.10 (down from US$0.43 in 1Q 2022). Revenue: US$72.5m (up 5.0% from 1Q 2022). Net income: US$607.3k (down 77% from 1Q 2022). Profit margin: 0.8% (down from 3.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Mar 23
Independent Director recently bought €116k worth of stock On the 16th of March, Frederick DiSanto bought around 8k shares on-market at roughly €15.44 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €298k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €15.50, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 16x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past year. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: US$1.78 (vs US$2.58 in FY 2021) Full year 2022 results: EPS: US$1.78 (down from US$2.58 in FY 2021). Revenue: US$279.3m (up 13% from FY 2021). Net income: US$11.1m (down 32% from FY 2021). Profit margin: 4.0% (down from 6.6% in FY 2021). The decrease in margin was driven by higher expenses. Aankondiging • Feb 08
The Eastern Company Declares 330th Regular Quarterly Cash Dividend, Payable on March 15, 2023 The Eastern Company announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable March 15, 2023, to common shareholders of record as of February 15, 2023. This dividend represents the Company's 330th consecutive quarterly dividend. Aankondiging • Jan 27
The Eastern Company Announces Executive Changes, Effective February 3, 2023 The Eastern Company announced that its Board of Directors has named Nicholas ("Nick") Vlahos as its Chief Financial Officer to succeed Peter O'Hara, who has resigned effective February 3, 2023 to pursue other opportunities. Mr. Vlahos, 41, joined Eastern in 2017 as Treasurer, and since 2022 has served as Vice President of Finance, Treasurer and Secretary of the Company. Mr. Vlahos earlier served as Director of Finance, Accounting and Human Resources at Fischer Technology Inc. He earned an MBA and a BA from Central Connecticut State University. Mr. Vlahos' appointment is effective as of the close of business February 3, 2023. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 16% share price gain to €21.20, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 18x in the Machinery industry in Germany. Total loss to shareholders of 9.1% over the past year. Aankondiging • Jan 11
The Eastern Company Names Mark Hernandez as Next Chief Executive Officer, Effective January 23, 2023 The Eastern Company announced that its Board of Directors has named Mark Hernandez, currently a member of the Board of Directors, the Company's next Chief Executive Officer, effective January 23, 2023. Mr. Hernandez will succeed August (Gus) Vlak, who has served as CEO since 2016. Mr. Hernandez has led Navistar's global manufacturing, supply chain, and logistics since 2018, most recently as Executive Vice President. Prior to Navistar, Mr. Hernandez was an Experienced Practice Expert (Manufacturing and Commercial Vehicles) at McKinsey & Company, focusing on business transformation. From 1994 to 2016, Mr. Hernandez held several roles at Daimler AG and Daimler Trucks North America, where he was a member of Leadership 2020 G16, reporting to the Daimler Board of Management. He graduated cum laude from the United States Naval Academy. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.72 (vs US$0.61 in 3Q 2021) Third quarter 2022 results: EPS: US$0.72 (up from US$0.61 in 3Q 2021). Revenue: US$71.6m (up 12% from 3Q 2021). Net income: US$4.50m (up 18% from 3Q 2021). Profit margin: 6.3% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Aankondiging • Nov 03
The Eastern Company Declares Quarterly Cash Dividend, Payable on December 15, 2022 The Eastern Company announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable December 15, 2022, to common shareholders of record as of November 15, 2022. Aankondiging • Oct 26
The Eastern Company to Report Q3, 2022 Results on Nov 07, 2022 The Eastern Company announced that they will report Q3, 2022 results After-Market on Nov 07, 2022 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 15% share price gain to €21.20, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 4.0% over the past year. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.44 in 2Q 2021) Second quarter 2022 results: EPS: US$0.59 (up from US$0.44 in 2Q 2021). Revenue: US$69.5m (up 14% from 2Q 2021). Net income: US$3.70m (up 34% from 2Q 2021). Profit margin: 5.3% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Board Change • Jul 31
High number of new directors Director Mike Mardy was the last director to join the board, commencing their role in 2022. Aankondiging • Jul 23
The Eastern Company to Report Q2, 2022 Results on Aug 08, 2022 The Eastern Company announced that they will report Q2, 2022 results on Aug 08, 2022 Aankondiging • Jun 30
The Eastern Company Appoints Mark Hernandez and Michael Mardy to its Board of Directors The Eastern Company announced that its board of directors has appointed Mr. Mark Hernandez and Mr. Michael Mardy to the board. Mr. Hernandez serves as executive vice president at Navistar Inc, where Hernandez is responsible for global manufacturing, supply chain, and logistics. Prior to Navistar, Mr. Hernandez was an Experienced Practice Expert (manufacturing and commercial vehicles) at McKinsey &Company, focusing on business transformation. From 1994 to 2016, Mr. Hernandez held several roles at Daimler AG and Daimler Trucks North America, where Hernandez was a member of Leadership 2020 G16, reporting to the Daimler board of management. Mr. Mardy is currently a member of the board of Vince Holdings, LuLu's Fashion Lounge, Newman's Own Inc., and Penn Medicine Princeton Health. Mardy was previously a member of the board of directors of ModusLink Global Solutions, Keurig Green Mountain, DAVIDs TEA, and True Leaf Brands. From 2003 to 2018, Mr. Mardy served as executive vice president, chief financial officer and director of Tumi Holdings, an international manufacturer and marketer of travel goods and accessories based in South Plainfield, New Jersey. In addition to serving as an advisor to small growth companies, he has held several positions in finance working for Nabisco Brands and Keystone Foods and started his career at Coopers and Lybrand (now Pricewaterhouse Coopers) as an audit supervisor. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Peggy Scott was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.91 in 1Q 2021) First quarter 2022 results: EPS: US$0.43 (down from US$0.91 in 1Q 2021). Revenue: US$69.0m (up 12% from 1Q 2021). Net income: US$2.69m (down 53% from 1Q 2021). Profit margin: 3.9% (down from 9.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • May 05
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (2.5%). Upcoming Dividend • Feb 21
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.3%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.48 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$63.9m (down 2.9% from 3Q 2020). Net income: US$3.82m (up 28% from 3Q 2020). Profit margin: 6.0% (up from 4.5% in 3Q 2020). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$22.60, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 29x in the Machinery industry in Germany. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.44 (vs US$0.30 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$61.2m (up 25% from 2Q 2020). Net income: US$2.76m (up US$4.64m from 2Q 2020). Profit margin: 4.5% (up from net loss in 2Q 2020). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 17% share price gain to US$23.80, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 41x in the Machinery industry in Germany. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS US$0.93 (vs US$0.46 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$73.1m (up 12% from 1Q 2020). Net income: US$5.84m (up 102% from 1Q 2020). Profit margin: 8.0% (up from 4.4% in 1Q 2020). Reported Earnings • Mar 17
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$240.4m (down 4.5% from FY 2019). Net income: US$5.41m (down 59% from FY 2019). Profit margin: 2.2% (down from 5.3% in FY 2019). Aankondiging • Mar 17
The Eastern Company, Annual General Meeting, Apr 28, 2021 The Eastern Company, Annual General Meeting, Apr 28, 2021, at 11:00 US Eastern Standard Time. Agenda: To elect seven directors; to cast a nonbinding advisory vote to approve the compensation of the named executive officers; to ratify the Audit Committee’s recommendation and the Board of Directors’ appointment of Fiondella, Milone & LaSaracina LLP as the independent registered public accounting firm to audit the consolidated financial statements of the Company and its subsidiaries for fiscal year 2021; and to transact such other business as may properly come before the annual meeting of Shareholders or any adjournment thereof. Upcoming Dividend • Feb 19
Upcoming Dividend of US$0.11 Per Share Will be paid on the 15th of March to those who are registered shareholders by the 26th of February. The trailing yield of 1.7% is below the top quartile of German dividend payers (3.4%), but is in line with industry peers (1.7%). Is New 90 Day High Low • Feb 06
New 90-day high: €20.97 The company is up 15% from its price of €18.30 on 06 November 2020. The German market is also up 15% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Machinery industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: €20.90 The company is up 13% from its price of €18.49 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 14% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.48 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$65.8m (up 8.4% from 3Q 2019). Net income: US$2.98m (down 29% from 3Q 2019). Profit margin: 4.5% (down from 6.9% in 3Q 2019). The decrease in margin was driven by higher expenses.