B. Riley Weighs in on Park-Ohio Holdings Corp.’s Q4 2018 Earnings (PKOH)

Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Stock analysts at B. Riley dropped their Q4 2018 earnings per share estimates for shares of Park-Ohio in a research report issued on Wednesday, November 7th. B. Riley analyst C. Horn now forecasts that the industrial products company will post earnings per share of $0.89 for the quarter, down from their prior forecast of $0.96. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Park-Ohio’s Q1 2019 earnings at $0.95 EPS and Q3 2019 earnings at $1.14 EPS.

Several other brokerages also recently commented on PKOH. Zacks Investment Research raised Park-Ohio from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday. ValuEngine upgraded shares of Park-Ohio from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, BidaskClub cut shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Park-Ohio presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Shares of PKOH opened at $36.79 on Friday. The company has a market capitalization of $486.54 million, a PE ratio of 11.39 and a beta of 2.75. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.54 and a current ratio of 2.55. Park-Ohio has a one year low of $32.32 and a one year high of $47.90.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.15. The company had revenue of $414.30 million for the quarter, compared to the consensus estimate of $404.00 million. Park-Ohio had a return on equity of 16.38% and a net margin of 2.76%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 13th. Park-Ohio’s payout ratio is 15.48%.

In other Park-Ohio news, insider Edward F. Crawford sold 48,186 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $40.59, for a total transaction of $1,955,869.74. Following the completion of the sale, the insider now owns 1,522,148 shares in the company, valued at approximately $61,783,987.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 31.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Park-Ohio by 5.8% in the 3rd quarter. FMR LLC now owns 67,225 shares of the industrial products company’s stock valued at $2,578,000 after buying an additional 3,713 shares in the last quarter. BlackRock Inc. increased its position in shares of Park-Ohio by 2.9% in the 3rd quarter. BlackRock Inc. now owns 553,007 shares of the industrial products company’s stock valued at $21,209,000 after buying an additional 15,371 shares in the last quarter. Olstein Capital Management L.P. increased its position in shares of Park-Ohio by 20.0% in the 3rd quarter. Olstein Capital Management L.P. now owns 48,000 shares of the industrial products company’s stock valued at $1,841,000 after buying an additional 8,000 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Park-Ohio by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,054 shares of the industrial products company’s stock valued at $1,229,000 after buying an additional 2,384 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Park-Ohio by 0.4% in the 3rd quarter. Gabelli Funds LLC now owns 414,500 shares of the industrial products company’s stock valued at $15,896,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 53.18% of the company’s stock.

About Park-Ohio

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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Earnings History and Estimates for Park-Ohio (NASDAQ:PKOH)

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