Park-Ohio Holdings Corp. (PKOH) Set to Announce Quarterly Earnings on Monday
Park-Ohio Holdings Corp. (NASDAQ:PKOH) will be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.87 per share for the quarter.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. The company had revenue of $350.90 million during the quarter, compared to analysts’ expectations of $355.83 million. On average, analysts expect Park-Ohio Holdings Corp. to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at $46.20 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.46 and a quick ratio of 1.44. Park-Ohio Holdings Corp. has a 1 year low of $30.40 and a 1 year high of $47.80. The company has a market cap of $577.87, a P/E ratio of 13.83 and a beta of 3.52.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.08%. Park-Ohio Holdings Corp.’s payout ratio is 18.80%.
A number of brokerages have recently weighed in on PKOH. Zacks Investment Research lowered shares of Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. FBR & Co restated a “hold” rating on shares of Park-Ohio Holdings Corp. in a report on Thursday, October 5th. Finally, ValuEngine lowered shares of Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Park-Ohio Holdings Corp. currently has an average rating of “Hold” and an average price target of $45.00.
In other news, COO Matthew V. Crawford sold 15,808 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the sale, the chief operating officer now directly owns 1,032,645 shares in the company, valued at approximately $40,758,498.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert D. Vilsack sold 1,471 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 93,527 shares in the company, valued at $4,278,860.25. The disclosure for this sale can be found here. Insiders sold a total of 39,650 shares of company stock worth $1,647,828 over the last 90 days. Company insiders own 31.00% of the company’s stock.
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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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