Could Eastern Co. (NASDAQ:EML) be entering drought?

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Eastern Co. (NASDAQ:EML)’s sales grew 0.08%% in the most recent quarter to mrq 36.04M%, yielding EPS of $0.24.

The company generated $2.39M in net cash from operations in the latest quarter, bringing its balance at the end of the quarter to 23.58M%. The net change in cash balance from the prior period was $855,925.

Let?s look into the charts of the stock

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

The Eastern Company (NASDAQ:EML) today announced the declaration of its regular quarterly cash dividend of eleven cents ($0.11) per share, payable June 15, 2017, to common shareholders of record as of May 17, 2017. This dividend represents the Company’s 307th consecutive quarterly dividend.

With that, Eastern Co. reported $125.15M in total assets at the end of the quarter. It also posed debt of 714,285%, which was down/up falling from the previous period.

In the current quarter, analysts are looking for EPS of $ from Eastern Co.. That compares with EPS of $0.24 in the last quarter.

Still on the matter of earnings, the company posted EPS of $1.38 in the last financial year, and EPS for the current year is expected to grow 35.80% over the prior year.

EPS metric is influenced by profits a company generates in a given period and the number of outstanding shares in it has in that period. For the last quarter where EPS was EPS $0.24, shares outstanding were 6.26M. In that quarter, Eastern Co. incurred $27.76M in cost of sales, leaving it with gross profit of $8.29M from the sales of 36.04M% it generated in the quarter.

Who owns Eastern Co.’s first, of the company’s outstanding shares, 5.92M are free float. The company’s shares sold short are 0.06%, implying a short ratio of 0.17.

As for the ownership, insiders own 3.20% of the company, with that ownership partly being a result of 138.59% insider transactions in the last couple of months. Institutional investor ownership in the stock is 57.20%, stemming from 0.26% institutional transactions in the recent months.

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