Wall Street brokerages expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to post $0.80 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Park-Ohio’s earnings, with estimates ranging from $0.77 to $0.84. Park-Ohio reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year over year growth rate of 17.6%. The business is expected to report its next earnings report on Monday, May 14th.
On average, analysts expect that Park-Ohio will report full year earnings of $3.68 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.73. For the next year, analysts expect that the firm will post earnings of $4.17 per share, with EPS estimates ranging from $4.15 to $4.20. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, March 5th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $366.00 million during the quarter, compared to the consensus estimate of $356.10 million. Park-Ohio had a net margin of 2.02% and a return on equity of 15.04%.
Several institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of Park-Ohio by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,473 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 452 shares during the period. Bank of New York Mellon Corp raised its position in shares of Park-Ohio by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 76,337 shares of the industrial products company’s stock worth $3,480,000 after purchasing an additional 1,134 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Park-Ohio by 5.5% during the 4th quarter. Martingale Asset Management L P now owns 30,721 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 1,606 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Park-Ohio by 4.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 41,900 shares of the industrial products company’s stock worth $1,926,000 after purchasing an additional 1,872 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Park-Ohio by 0.4% during the 4th quarter. BlackRock Inc. now owns 497,594 shares of the industrial products company’s stock worth $22,865,000 after purchasing an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 55.93% of the company’s stock.
Shares of Park-Ohio stock opened at $38.85 on Thursday. The stock has a market capitalization of $487.14, a price-to-earnings ratio of 12.03 and a beta of 3.13. Park-Ohio has a fifty-two week low of $34.33 and a fifty-two week high of $47.90. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.43 and a quick ratio of 1.40.
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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