Park-Ohio Holdings Corp. (NASDAQ:PKOH) Expected to Post Earnings of $1.08 Per Share
Analysts expect that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will announce earnings of $1.08 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Park-Ohio’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.14. Park-Ohio also reported earnings of $1.08 per share during the same quarter last year. The company is expected to issue its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Park-Ohio will report full year earnings of $4.43 per share for the current fiscal year, with EPS estimates ranging from $4.38 to $4.47. For the next fiscal year, analysts forecast that the business will report earnings of $4.92 per share, with EPS estimates ranging from $4.88 to $4.95. Zacks’ EPS averages are an average based on a survey of research firms that follow Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Monday, May 6th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.03. Park-Ohio had a net margin of 3.29% and a return on equity of 17.19%. The company had revenue of $420.10 million for the quarter, compared to analysts’ expectations of $420.00 million.
PKOH traded up $1.10 on Monday, hitting $32.16. 771 shares of the company’s stock were exchanged, compared to its average volume of 27,828. Park-Ohio has a fifty-two week low of $28.01 and a fifty-two week high of $43.15. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.26 and a current ratio of 2.27. The firm’s 50-day simple moving average is $33.78. The company has a market capitalization of $392.35 million, a PE ratio of 7.41 and a beta of 2.38.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.55%. Park-Ohio’s payout ratio is 11.68%.
In related news, Director Patrick V. Auletta sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.33, for a total value of $72,059.00. Following the sale, the director now directly owns 17,125 shares in the company, valued at approximately $536,526.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward F. Crawford acquired 12,532 shares of Park-Ohio stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average price of $29.96 per share, for a total transaction of $375,458.72. Following the completion of the acquisition, the insider now owns 1,497,675 shares in the company, valued at approximately $44,870,343. The disclosure for this purchase can be found here. Insiders own 31.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Park-Ohio by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 896,556 shares of the industrial products company’s stock valued at $27,515,000 after buying an additional 18,974 shares during the period. Gamco Investors INC. ET AL raised its holdings in Park-Ohio by 4.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 790,175 shares of the industrial products company’s stock valued at $25,586,000 after buying an additional 35,500 shares during the period. Private Management Group Inc. raised its holdings in Park-Ohio by 1.3% in the 1st quarter. Private Management Group Inc. now owns 681,009 shares of the industrial products company’s stock valued at $22,051,000 after buying an additional 8,684 shares during the period. BlackRock Inc. raised its holdings in Park-Ohio by 6.3% in the 4th quarter. BlackRock Inc. now owns 588,085 shares of the industrial products company’s stock valued at $18,049,000 after buying an additional 35,078 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Park-Ohio by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 384,290 shares of the industrial products company’s stock valued at $14,738,000 after buying an additional 3,311 shares during the period. Hedge funds and other institutional investors own 53.62% of the company’s stock.
Park-Ohio Company Profile
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, 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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