Park-Ohio (NASDAQ:PKOH) Posts Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Park-Ohio (NASDAQ:PKOH) released its quarterly earnings data on Wednesday. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18), Zacks reports. The firm had revenue of $398.60 million during the quarter, compared to analyst estimates of $417.30 million. Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%. Park-Ohio updated its FY 2025 guidance to 2.700-2.900 EPS.

Park-Ohio Price Performance

PKOH stock traded up $0.21 during midday trading on Friday, reaching $19.40. 8,203 shares of the company’s stock traded hands, compared to its average volume of 27,851. The company has a 50-day simple moving average of $20.71 and a two-hundred day simple moving average of $19.22. The company has a quick ratio of 1.33, a current ratio of 2.60 and a debt-to-equity ratio of 1.75. Park-Ohio has a 1-year low of $15.52 and a 1-year high of $33.71. The company has a market cap of $279.19 million, a price-to-earnings ratio of 9.55 and a beta of 1.43.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.125 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.6%. Park-Ohio’s payout ratio is 24.63%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Insider Buying and Selling

In other news, CEO Matthew V. Crawford bought 4,167 shares of the stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $20.04 per share, with a total value of $83,506.68. Following the purchase, the chief executive officer owned 911,237 shares of the company’s stock, valued at approximately $18,261,189.48. This represents a 0.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 31.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cerity Partners LLC bought a new position in Park-Ohio in the second quarter valued at approximately $297,000. Geode Capital Management LLC boosted its position in shares of Park-Ohio by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock worth $3,938,000 after purchasing an additional 9,656 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Park-Ohio during the second quarter worth $90,000. Qube Research & Technologies Ltd increased its holdings in Park-Ohio by 14.5% in the second quarter. Qube Research & Technologies Ltd now owns 31,549 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 3,985 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Park-Ohio by 0.8% in the third quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock valued at $11,230,000 after buying an additional 3,967 shares during the period. 51.38% of the stock is owned by institutional investors.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.