Park Aerospace (NYSE:PKE) Announces Quarterly Earnings Results

Park Aerospace (NYSE:PKE) released its quarterly earnings results on Tuesday. The semiconductor company reported $0.08 earnings per share for the quarter, Zacks reports. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Price Performance

Shares of PKE stock traded up $0.26 during trading hours on Tuesday, reaching $14.24. The stock had a trading volume of 78,444 shares, compared to its average volume of 42,668. The firm has a 50-day simple moving average of $14.72 and a 200-day simple moving average of $13.87. The firm has a market capitalization of $284.26 million, a PE ratio of 41.88 and a beta of 0.43. Park Aerospace has a twelve month low of $11.96 and a twelve month high of $16.96.

Park Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, January 3rd. Park Aerospace’s dividend payout ratio (DPR) is presently 147.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Park Aerospace from a “hold” rating to a “buy” rating in a report on Friday, December 27th.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.