Brokerages predict that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will post earnings per share (EPS) of $0.92 for the current quarter, according to Zacks. Three analysts have made estimates for Park-Ohio’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.95. Park-Ohio reported earnings of $0.82 per share during the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The company is scheduled to issue its next earnings results on Monday, November 5th.
On average, analysts expect that Park-Ohio will report full year earnings of $3.89 per share for the current year, with EPS estimates ranging from $3.86 to $3.90. For the next year, analysts expect that the business will post earnings of $4.32 per share, with EPS estimates ranging from $4.25 to $4.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Thursday, August 9th. The industrial products company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.14. The company had revenue of $432.20 million during the quarter, compared to the consensus estimate of $397.83 million. Park-Ohio had a return on equity of 15.68% and a net margin of 2.60%.
A number of brokerages recently commented on PKOH. ValuEngine raised Park-Ohio from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. BidaskClub downgraded Park-Ohio from a “sell” rating to a “strong sell” rating in a research report on Friday, June 8th. TheStreet raised Park-Ohio from a “c+” rating to a “b-” rating in a research report on Friday, June 15th. Finally, Zacks Investment Research raised Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Park-Ohio has a consensus rating of “Hold” and a consensus target price of $45.00.
Shares of PKOH traded up $0.10 on Tuesday, reaching $38.10. 26,200 shares of the company’s stock traded hands, compared to its average volume of 22,917. The company has a current ratio of 2.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $498.98 million, a price-to-earnings ratio of 12.00 and a beta of 2.86. Park-Ohio has a 52-week low of $34.95 and a 52-week high of $47.90.
The company also recently announced a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Monday, August 13th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Friday, August 10th. Park-Ohio’s dividend payout ratio is currently 15.48%.
In other Park-Ohio news, insider Edward F. Crawford sold 48,186 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $40.59, for a total value of $1,955,869.74. Following the completion of the sale, the insider now directly owns 1,522,148 shares of the company’s stock, valued at $61,783,987.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronna Romney sold 5,060 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $38.41, for a total value of $194,354.60. Following the completion of the sale, the director now directly owns 23,684 shares of the company’s stock, valued at $909,702.44. The disclosure for this sale can be found here. Company insiders own 31.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in Park-Ohio by 67.8% in the second quarter. Millennium Management LLC now owns 53,080 shares of the industrial products company’s stock worth $1,980,000 after buying an additional 21,445 shares during the last quarter. PEAK6 Investments L.P. grew its position in shares of Park-Ohio by 7,026.6% in the second quarter. PEAK6 Investments L.P. now owns 6,511 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 6,605 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Park-Ohio by 279.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,259 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Park-Ohio by 15.1% in the second quarter. Renaissance Technologies LLC now owns 85,200 shares of the industrial products company’s stock valued at $3,178,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Park-Ohio in the second quarter valued at $650,000. 53.93% of the stock is owned by institutional investors and hedge funds.
Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
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