Eastern (NASDAQ:EML) announced its earnings results on Friday. The industrial products company reported $0.60 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $57.36 million during the quarter.
Shares of NASDAQ EML traded up $0.49 during midday trading on Friday, reaching $28.50. The company’s stock had a trading volume of 16,700 shares, compared to its average volume of 12,951. Eastern has a 12-month low of $24.00 and a 12-month high of $31.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Wednesday, November 14th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.54%.
In other news, CEO August M. Vlak acquired 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average price of $26.58 per share, for a total transaction of $93,030.00. Following the completion of the purchase, the chief executive officer now owns 10,576 shares in the company, valued at $281,110.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO August M. Vlak acquired 3,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average price of $24.48 per share, for a total transaction of $93,024.00. The disclosure for this purchase can be found here. 13.74% of the stock is owned by insiders.
Eastern Company Profile
The Eastern Company designs, manufactures, and sells industrial hardware, security products, and metal products in the United States and internationally. The company's Industrial Hardware segment offers passenger restraint and vehicular locks, latches, hinges, mirrors, mirror-cameras, light-weight sleeper boxes, and truck bodies for tractor-trailer trucks, specialty commercial vehicles, recreational vehicles, fire and rescue vehicles, school buses, military vehicles, and other vehicles.
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