Analysts expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to announce earnings per share of $0.93 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Park-Ohio’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.90. Park-Ohio posted earnings of $0.87 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The company is expected to issue its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Park-Ohio will report full year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.69 to $3.77. For the next fiscal year, analysts anticipate that the business will post earnings of $4.21 per share, with EPS estimates ranging from $4.18 to $4.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Park-Ohio had a return on equity of 15.41% and a net margin of 1.94%. The firm had revenue of $405.70 million for the quarter, compared to analyst estimates of $376.33 million.
Shares of Park-Ohio traded down $0.65, reaching $36.80, during trading on Friday, according to Marketbeat. The company had a trading volume of 17,144 shares, compared to its average volume of 16,691. The company has a current ratio of 2.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.87. Park-Ohio has a 12 month low of $34.95 and a 12 month high of $47.90. The firm has a market capitalization of $467.69 million, a PE ratio of 11.39 and a beta of 2.77.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 27th. Shareholders of record on Monday, August 13th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, August 10th. This represents a $0.50 annualized dividend and a yield of 1.36%. Park-Ohio’s payout ratio is presently 15.48%.
In other Park-Ohio news, insider Edward F. Crawford sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $40.41, for a total transaction of $404,100.00. Following the sale, the insider now owns 1,594,474 shares in the company, valued at approximately $64,432,694.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $40.50, for a total value of $40,500.00. Following the sale, the director now owns 79,495 shares in the company, valued at approximately $3,219,547.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,944 shares of company stock worth $2,105,266. Corporate insiders own 31.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of PKOH. MetLife Investment Advisors LLC acquired a new position in shares of Park-Ohio in the 4th quarter valued at about $218,000. Mackay Shields LLC acquired a new position in shares of Park-Ohio in the 1st quarter valued at about $633,000. GSA Capital Partners LLP increased its holdings in shares of Park-Ohio by 21.2% in the 1st quarter. GSA Capital Partners LLP now owns 20,459 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 3,574 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Park-Ohio by 20.0% in the 4th quarter. Wells Fargo & Company MN now owns 17,339 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 2,894 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Park-Ohio by 54.9% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 17,500 shares of the industrial products company’s stock valued at $803,000 after purchasing an additional 6,200 shares during the period. Institutional investors own 55.69% of the company’s stock.
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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