FY2017 Earnings Estimate for Park-Ohio Holdings Corp. Issued By KeyCorp (PKOH)

Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Equities research analysts at KeyCorp reduced their FY2017 earnings per share estimates for shares of Park-Ohio Holdings Corp. in a report issued on Wednesday. KeyCorp analyst S. Barger now expects that the industrial products company will earn $3.16 per share for the year, down from their previous estimate of $3.25. KeyCorp also issued estimates for Park-Ohio Holdings Corp.’s Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $3.90 EPS.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Park-Ohio Holdings Corp. had a net margin of 2.16% and a return on equity of 14.79%. The business had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/12/fy2017-earnings-estimate-for-park-ohio-holdings-corp-issued-by-keycorp-pkoh.html.

PKOH has been the subject of a number of other research reports. ValuEngine raised shares of Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, August 31st. Finally, FBR & Co reaffirmed a “hold” rating on shares of Park-Ohio Holdings Corp. in a research report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.67.

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at $41.90 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.44 and a current ratio of 2.36. Park-Ohio Holdings Corp. has a 1 year low of $34.25 and a 1 year high of $47.80. The firm has a market cap of $521.59, a PE ratio of 13.89 and a beta of 3.52.

A number of institutional investors have recently bought and sold shares of PKOH. Russell Investments Group Ltd. boosted its stake in Park-Ohio Holdings Corp. by 31.7% during the 1st quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 1,200 shares during the period. American International Group Inc. boosted its stake in Park-Ohio Holdings Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 346 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in Park-Ohio Holdings Corp. during the 2nd quarter valued at about $197,000. Royal Bank of Canada boosted its stake in Park-Ohio Holdings Corp. by 0.7% during the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 37 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in Park-Ohio Holdings Corp. during the 2nd quarter valued at about $228,000. 55.71% of the stock is owned by hedge funds and other institutional investors.

In other Park-Ohio Holdings Corp. news, insider Robert D. Vilsack sold 1,471 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $45.75, for a total transaction of $67,298.25. Following the completion of the transaction, the insider now directly owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert D. Vilsack sold 7,436 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $45.02, for a total transaction of $334,768.72. Following the transaction, the insider now directly owns 103,527 shares of the company’s stock, valued at $4,660,785.54. The disclosure for this sale can be found here. Insiders have sold a total of 39,650 shares of company stock valued at $1,647,828 over the last three months. 31.00% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, November 13th. Park-Ohio Holdings Corp.’s payout ratio is 21.19%.

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.

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

Receive News & Ratings for Park-Ohio Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply