Park-Ohio Holdings Corp. (PKOH) Announces Earnings Results, Beats Estimates By $0.02 EPS
Park-Ohio Holdings Corp. (NASDAQ:PKOH) posted its earnings results on Monday. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02, Bloomberg Earnings reports. Park-Ohio Holdings Corp. had a net margin of 3.00% and a return on equity of 16.89%.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded down 0.51% during mid-day trading on Monday, reaching $39.25. 32,144 shares of the company’s stock were exchanged. The stock has a market cap of $478.97 million, a price-to-earnings ratio of 12.47 and a beta of 3.47. Park-Ohio Holdings Corp. has a 52-week low of $29.61 and a 52-week high of $47.00. The stock’s 50-day moving average is $38.83 and its 200-day moving average is $39.19.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, August 9th. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is presently 15.87%.
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In other Park-Ohio Holdings Corp. news, Director Patrick V. Auletta sold 2,010 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $38.55, for a total value of $77,485.50. Following the transaction, the director now directly owns 18,645 shares in the company, valued at $718,764.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 31.00% of the stock is owned by insiders.
A number of research firms recently issued reports on PKOH. BidaskClub lowered shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research upgraded shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Finally, TheStreet upgraded shares of Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.75.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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