Park-Ohio Holdings Corp. (PKOH) Announces Earnings Results
Park-Ohio Holdings Corp. (NASDAQ:PKOH) issued its quarterly earnings data on Monday. The industrial products company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.05), Bloomberg Earnings reports. The business had revenue of $352.20 million during the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%.
Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded down $0.50 during trading on Tuesday, reaching $45.70. The company had a trading volume of 7,883 shares, compared to its average volume of 19,009. The company has a market capitalization of $577.86, a price-to-earnings ratio of 13.83 and a beta of 3.52. Park-Ohio Holdings Corp. has a 52 week low of $30.40 and a 52 week high of $47.80. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.46.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Monday, November 13th. Park-Ohio Holdings Corp.’s payout ratio is presently 18.80%.
In related news, insider Robert D. Vilsack sold 1,471 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $45.75, for a total transaction of $67,298.25. Following the sale, the insider now owns 93,527 shares in the company, valued at $4,278,860.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James W. Wert sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total transaction of $102,000.00. Following the sale, the director now owns 81,695 shares in the company, valued at approximately $3,333,156. The disclosure for this sale can be found here. Insiders have sold 39,650 shares of company stock valued at $1,647,828 over the last three months. 31.00% of the stock is currently owned by corporate insiders.
Several equities research analysts have commented on the company. Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. FBR & Co restated a “hold” rating on shares of Park-Ohio Holdings Corp. in a research note on Thursday, October 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.00.
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About Park-Ohio Holdings Corp.
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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