Zacks: Brokerages Expect Park-Ohio Holdings Corp. (PKOH) to Post $0.98 Earnings Per Share
Equities analysts forecast that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will post earnings of $0.98 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Park-Ohio’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.92. Park-Ohio reported earnings of $0.93 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The firm is expected to issue its next earnings report on Tuesday, May 14th.
On average, analysts expect that Park-Ohio will report full-year earnings of $4.43 per share for the current financial year, with EPS estimates ranging from $4.36 to $4.48. For the next fiscal year, analysts forecast that the business will report earnings of $4.96 per share, with EPS estimates ranging from $4.86 to $5.03. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, March 4th. The industrial products company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.32. Park-Ohio had a net margin of 3.23% and a return on equity of 17.24%. The firm had revenue of $405.90 million for the quarter, compared to analyst estimates of $410.37 million.
PKOH stock traded up $0.91 during trading on Wednesday, reaching $35.52. The stock had a trading volume of 15,600 shares, compared to its average volume of 25,664. Park-Ohio has a 1-year low of $28.01 and a 1-year high of $43.15. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.41 and a quick ratio of 1.35. The firm has a market capitalization of $442.12 million, a P/E ratio of 8.30 and a beta of 2.35.
In other Park-Ohio news, Director Ronna Romney sold 2,195 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $32.99, for a total value of $72,413.05. Following the transaction, the director now owns 16,900 shares in the company, valued at approximately $557,531. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Heritage Investors Management Corp bought a new position in Park-Ohio in the 1st quarter worth about $203,000. Geode Capital Management LLC boosted its holdings in shares of Park-Ohio by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 96,102 shares of the industrial products company’s stock valued at $2,949,000 after acquiring an additional 8,717 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Park-Ohio by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 896,556 shares of the industrial products company’s stock valued at $27,515,000 after acquiring an additional 18,974 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Park-Ohio by 403.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,292 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 2,638 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Park-Ohio by 18.5% in the fourth quarter. Squarepoint Ops LLC now owns 6,636 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 53.85% of the company’s stock.
Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, 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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