Brokers Set Expectations for Park-Ohio Holdings Corp.’s Q4 2017 Earnings (PKOH)

Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Equities research analysts at FBR & Co upped their Q4 2017 earnings per share (EPS) estimates for Park-Ohio Holdings Corp. in a note issued to investors on Tuesday. FBR & Co analyst C. Horn now anticipates that the industrial products company will post earnings per share of $0.82 for the quarter, up from their previous forecast of $0.81. FBR & Co has a “Hold” rating and a $33.00 price target on the stock.

Several other research analysts also recently issued reports on PKOH. Zacks Investment Research upgraded shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Saturday. TheStreet upgraded shares of Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research report on Monday, May 8th. Two 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 a consensus rating of “Buy” and a consensus target price of $45.75.

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

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Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 35.30 on Friday. The company has a market capitalization of $430.62 million, a P/E ratio of 11.22 and a beta of 3.17. The company has a 50-day moving average of $37.43 and a 200 day moving average of $39.96. Park-Ohio Holdings Corp. has a 12 month low of $24.29 and a 12 month high of $47.00.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, May 8th. The industrial products company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The firm had revenue of $343.80 million during the quarter, compared to the consensus estimate of $342.47 million. Park-Ohio Holdings Corp. had a net margin of 2.80% and a return on equity of 19.44%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. Renaissance Technologies LLC increased its position in Park-Ohio Holdings Corp. by 25.1% in the fourth quarter. Renaissance Technologies LLC now owns 104,700 shares of the industrial products company’s stock worth $4,460,000 after buying an additional 21,000 shares during the last quarter. Two Sigma Investments LP increased its position in Park-Ohio Holdings Corp. by 252.9% in the fourth quarter. Two Sigma Investments LP now owns 21,946 shares of the industrial products company’s stock worth $935,000 after buying an additional 15,727 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Park-Ohio Holdings Corp. by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 613,774 shares of the industrial products company’s stock worth $26,147,000 after buying an additional 24,396 shares during the last quarter. Keybank National Association OH increased its position in Park-Ohio Holdings Corp. by 0.8% in the fourth quarter. Keybank National Association OH now owns 38,679 shares of the industrial products company’s stock worth $1,648,000 after buying an additional 300 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Park-Ohio Holdings Corp. by 136.1% in the third quarter. JPMorgan Chase & Co. now owns 80,281 shares of the industrial products company’s stock worth $2,926,000 after buying an additional 46,281 shares during the last quarter. Institutional investors own 54.89% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Monday, May 15th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, May 11th. This represents a $0.50 dividend on an annualized basis and a yield of 1.42%. Park-Ohio Holdings Corp.’s payout ratio is presently 16.67%.

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.

5 Day Chart for NASDAQ:PKOH

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