Park Electrochemical Corporation (PKE) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Park Electrochemical Corporation (NYSE:PKE) from a hold rating to a sell rating in a report released on Saturday morning.

According to Zacks, “Park Electrochemical Corp. develops, manufactures, markets, and sells high-technology digital and radio frequency/microwave printed circuit material products primarily for the telecommunications and Internet infrastructure, enterprise, and military/aerospace markets. It’s provides composite materials, primary and secondary structures and assemblies, and tooling products for the aerospace markets. The company’s printed circuit materials are used to fabricate complex multilayer printed circuit boards and other electronic interconnection systems, such as multilayer back-planes, wireless packages, high-speed/low-loss multilayers, and high density interconnects. It’s sells its printed circuit materials to printed circuit board fabricators, electronic manufacturing service companies, and electronic contract manufacturers, as well as electronic original equipment manufacturers in the computer, networking, telecommunications, wireless communications, aerospace, military, instrumentation, and automotive industries. “

A number of other equities analysts have also recently commented on PKE. Needham & Company LLC reissued a buy rating and set a $22.00 target price on shares of Park Electrochemical Corporation in a report on Friday, September 1st. BidaskClub cut Park Electrochemical Corporation from a buy rating to a hold rating in a report on Thursday, July 6th.

Park Electrochemical Corporation (NYSE PKE) opened at 18.75 on Friday. The stock has a 50 day moving average price of $18.32 and a 200 day moving average price of $17.85. Park Electrochemical Corporation has a 1-year low of $13.76 and a 1-year high of $20.24. The company has a market cap of $379.42 million, a P/E ratio of 60.48 and a beta of 0.87.

Park Electrochemical Corporation (NYSE:PKE) last issued its quarterly earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $29.84 million for the quarter, compared to analysts’ expectations of $28.00 million. Park Electrochemical Corporation had a return on equity of 5.12% and a net margin of 5.63%. During the same quarter in the prior year, the company posted $0.10 EPS. On average, equities research analysts anticipate that Park Electrochemical Corporation will post $0.53 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by BBNS and is owned by of BBNS. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://baseballnewssource.com/markets/park-electrochemical-corporation-pke-downgraded-by-zacks-investment-research/1703482.html.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, October 2nd. This represents a $0.40 annualized dividend and a yield of 2.13%. Park Electrochemical Corporation’s dividend payout ratio (DPR) is 129.03%.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake in Park Electrochemical Corporation by 57.3% during the second quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 2,545 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Park Electrochemical Corporation by 4.1% during the first quarter. Thrivent Financial For Lutherans now owns 10,700 shares of the semiconductor company’s stock worth $191,000 after buying an additional 420 shares during the period. Voya Investment Management LLC boosted its position in shares of Park Electrochemical Corporation by 13.6% during the second quarter. Voya Investment Management LLC now owns 13,071 shares of the semiconductor company’s stock worth $241,000 after buying an additional 1,561 shares during the period. Texas Permanent School Fund boosted its position in shares of Park Electrochemical Corporation by 0.8% during the second quarter. Texas Permanent School Fund now owns 13,887 shares of the semiconductor company’s stock worth $256,000 after buying an additional 116 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Park Electrochemical Corporation by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,652 shares of the semiconductor company’s stock worth $306,000 after buying an additional 802 shares during the period. 81.68% of the stock is owned by institutional investors.

About Park Electrochemical Corporation

Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.

Get a free copy of the Zacks research report on Park Electrochemical Corporation (PKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Park Electrochemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Electrochemical Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Yankees to Send Masahiro Tanaka Against Astros in Game 1
Red Sox Waste Little Time in Firing John Farrell
Red Sox Waste Little Time in Firing John Farrell


Leave a Reply

 
© 2006-2017 BBNS.