Park-Ohio (NASDAQ:PKOH) will issue its Q2 2019 quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.08 per share for the quarter.
Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. The business had revenue of $420.10 million for the quarter, compared to analysts’ expectations of $420.00 million. Park-Ohio had a net margin of 3.29% and a return on equity of 17.19%. On average, analysts expect Park-Ohio to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NASDAQ:PKOH traded down $0.98 during mid-day trading on Monday, reaching $28.78. The stock had a trading volume of 188 shares, compared to its average volume of 23,881. The business has a 50-day simple moving average of $31.50. The stock has a market capitalization of $375.93 million, a PE ratio of 6.79 and a beta of 2.30. The company has a quick ratio of 1.26, a current ratio of 2.27 and a debt-to-equity ratio of 1.83. Park-Ohio has a 12 month low of $28.01 and a 12 month high of $43.15.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.74%. Park-Ohio’s dividend payout ratio is currently 11.68%.
In related news, insider Edward F. Crawford bought 7,581 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $30.84 per share, for a total transaction of $233,798.04. Following the completion of the transaction, the insider now directly owns 1,510,295 shares of the company’s stock, valued at approximately $46,577,497.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward F. Crawford bought 12,532 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 1,497,675 shares of the company’s stock, valued at $44,870,343. The disclosure for this purchase can be found here. Company insiders own 31.20% of the company’s stock.
A number of analysts have weighed in on the stock. BidaskClub lowered shares of Park-Ohio from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. ValuEngine lowered shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a research report on Friday, June 7th. Finally, TheStreet upgraded shares of Park-Ohio from a “c+” rating to a “b-” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Park-Ohio presently has an average rating of “Hold” and an average target price of $39.00.
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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