Park-Ohio Holdings Corp. (NASDAQ:PKOH) Expected to Announce Earnings of $0.35 Per Share

Equities analysts expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to post earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Park-Ohio’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.11. Park-Ohio reported earnings per share of $0.52 during the same quarter last year, which suggests a negative year over year growth rate of 32.7%. The business is expected to report its next earnings results on Tuesday, November 2nd.

On average, analysts expect that Park-Ohio will report full-year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.38. For the next year, analysts forecast that the business will post earnings of $2.83 per share, with EPS estimates ranging from $1.87 to $3.36. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Park-Ohio.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Tuesday, August 3rd. The industrial products company reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.45 by ($0.78). The business had revenue of $350.00 million for the quarter, compared to analysts’ expectations of $352.90 million. Park-Ohio had a return on equity of 4.30% and a net margin of 0.79%.

Several brokerages recently commented on PKOH. B. Riley decreased their target price on shares of Park-Ohio from $42.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, August 5th. Zacks Investment Research downgraded shares of Park-Ohio from a “hold” rating to a “sell” rating in a research note on Thursday, August 5th. Finally, KeyCorp decreased their target price on shares of Park-Ohio from $43.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, August 5th.

Shares of PKOH stock traded up $0.03 during trading hours on Friday, hitting $25.54. 10 shares of the company’s stock were exchanged, compared to its average volume of 30,542. The company has a market capitalization of $324.20 million, a PE ratio of 28.03 and a beta of 1.36. Park-Ohio has a 12-month low of $14.66 and a 12-month high of $41.78. The business’s 50 day simple moving average is $27.57 and its 200-day simple moving average is $32.53. The company has a current ratio of 2.38, a quick ratio of 1.23 and a debt-to-equity ratio of 1.61.

The business also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, August 5th. Park-Ohio’s dividend payout ratio (DPR) is currently 5,000.00%.

In other news, Director Patrick V. Auletta sold 6,100 shares of the business’s stock in a transaction on Thursday, June 24th. The shares were sold at an average price of $33.26, for a total transaction of $202,886.00. Following the sale, the director now owns 14,260 shares in the company, valued at approximately $474,287.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 32.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Park-Ohio by 7.8% during the 1st quarter. Royal Bank of Canada now owns 4,425 shares of the industrial products company’s stock valued at $140,000 after buying an additional 321 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Park-Ohio by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 58,778 shares of the industrial products company’s stock worth $1,890,000 after purchasing an additional 592 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Park-Ohio by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 55,385 shares of the industrial products company’s stock worth $1,744,000 after purchasing an additional 639 shares in the last quarter. State Street Corp boosted its stake in Park-Ohio by 0.4% in the 2nd quarter. State Street Corp now owns 155,994 shares of the industrial products company’s stock worth $5,014,000 after purchasing an additional 674 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Park-Ohio by 26.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,830 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 791 shares in the last quarter. Hedge funds and other institutional investors own 51.83% of the company’s stock.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain logistics services and manufactures aluminum products. It operates through the following business segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment provides customers with total supply management services for a broad range of high volume, specialty production components.

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Earnings History and Estimates for Park-Ohio (NASDAQ:PKOH)

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