Park Electrochemical Corporation (PKE) Announces Earnings Results
Park Electrochemical Corporation (NYSE:PKE) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01), Bloomberg Earnings reports. The business had revenue of $29.84 million during the quarter, compared to the consensus estimate of $28.00 million. Park Electrochemical Corporation had a net margin of 6.99% and a return on equity of 4.92%. During the same quarter last year, the company earned $0.10 EPS.
Park Electrochemical Corporation (PKE) opened at 18.90 on Thursday. The stock’s 50 day moving average price is $18.22 and its 200 day moving average price is $17.84. The company has a market cap of $382.42 million, a P/E ratio of 49.74 and a beta of 0.87. Park Electrochemical Corporation has a 1-year low of $13.76 and a 1-year high of $20.24.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, October 2nd. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. Park Electrochemical Corporation’s payout ratio is 105.27%.
A number of research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Park Electrochemical Corporation in a research note on Friday, September 1st. BidaskClub downgraded Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research upgraded Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th.
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Park Electrochemical Corporation Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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