$0.88 EPS Expected for Park-Ohio Holdings Corp. (PKOH) This Quarter
Equities research analysts expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to report earnings of $0.88 per share for the current quarter, according to Zacks. Three analysts have made estimates for Park-Ohio’s earnings. The lowest EPS estimate is $0.88 and the highest is $0.89. Park-Ohio reported earnings per share of $0.86 in the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The company is scheduled to report its next quarterly earnings results on Monday, March 4th.
On average, analysts expect that Park-Ohio will report full-year earnings of $3.96 per share for the current fiscal year, with EPS estimates ranging from $3.95 to $3.97. For the next financial year, analysts expect that the firm will post earnings of $4.38 per share, with EPS estimates ranging from $4.31 to $4.50. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. Park-Ohio had a return on equity of 16.17% and a net margin of 2.76%. The business had revenue of $414.30 million for the quarter, compared to the consensus estimate of $404.00 million.
In related news, insider Edward F. Crawford sold 48,186 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $40.59, for a total transaction of $1,955,869.74. Following the transaction, the insider now owns 1,522,148 shares in the company, valued at approximately $61,783,987.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 stock. Dimensional Fund Advisors LP grew its stake in Park-Ohio by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 877,582 shares of the industrial products company’s stock worth $33,655,000 after buying an additional 30,831 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in Park-Ohio by 1.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 769,600 shares of the industrial products company’s stock worth $28,706,000 after buying an additional 9,700 shares during the last quarter. Private Management Group Inc. grew its stake in Park-Ohio by 1.2% during the 2nd quarter. Private Management Group Inc. now owns 646,557 shares of the industrial products company’s stock worth $24,117,000 after buying an additional 7,376 shares during the last quarter. BlackRock Inc. grew its stake in Park-Ohio by 2.9% during the 3rd quarter. BlackRock Inc. now owns 553,007 shares of the industrial products company’s stock worth $21,209,000 after buying an additional 15,371 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in Park-Ohio by 0.4% during the 3rd quarter. Gabelli Funds LLC now owns 414,500 shares of the industrial products company’s stock worth $15,896,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 53.95% of the company’s stock.
PKOH opened at $36.99 on Thursday. Park-Ohio has a one year low of $32.32 and a one year high of $47.90. The stock has a market capitalization of $473.39 million, a PE ratio of 9.46 and a beta of 2.75. The company has a current ratio of 2.43, a quick ratio of 1.42 and a debt-to-equity ratio of 1.78.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.35%. Park-Ohio’s dividend payout ratio is presently 15.48%.
Park-Ohio Company Profile
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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