Earnings and Valuation
This table compares Eastern and its competitors gross revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Eastern | $272.75 million | -$8.53 million | -17.51 |
Eastern Competitors | $1.23 billion | $110.42 million | 43.27 |
Eastern’s competitors have higher revenue and earnings than Eastern. Eastern is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Dividends
Eastern pays an annual dividend of $0.44 per share and has a dividend yield of 1.9%. Eastern pays out -33.3% of its earnings in the form of a dividend. As a group, “PROTECTION – SFTY” companies pay a dividend yield of 1.7% and pay out 44.5% of their earnings in the form of a dividend. Eastern is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Risk and Volatility
Institutional & Insider Ownership
77.0% of Eastern shares are held by institutional investors. Comparatively, 49.0% of shares of all “PROTECTION – SFTY” companies are held by institutional investors. 17.0% of Eastern shares are held by insiders. Comparatively, 18.6% of shares of all “PROTECTION – SFTY” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Profitability
This table compares Eastern and its competitors’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Eastern | -3.01% | 10.22% | 5.25% |
Eastern Competitors | -27.92% | -107.74% | -10.15% |
Summary
Eastern beats its competitors on 6 of the 11 factors compared.
Eastern Company Profile
The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries. It also provides rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles; and development and program management services for custom electromechanical and mechanical systems for original equipment manufacturers (OEMs) and customer applications. In addition, the company designs and manufactures proprietary vision technology for OEMs and aftermarket applications, as well as offers aftermarket components to the heavy- and medium-duty truck, motorhome, and bus markets. The Eastern Company was founded in 1858 and is based in Shelton, Connecticut.
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