Wall Street analysts expect that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will report $376.33 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Park-Ohio’s earnings. The lowest sales estimate is $369.70 million and the highest is $381.00 million. Park-Ohio posted sales of $343.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that Park-Ohio will report full year sales of $1.54 billion for the current year, with estimates ranging from $1.53 billion to $1.54 billion. For the next fiscal year, analysts expect that the company will report sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.64 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Monday, March 5th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Park-Ohio had a return on equity of 15.04% and a net margin of 2.02%. The company had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $356.10 million.
A number of analysts have recently issued reports on the company. BidaskClub cut Park-Ohio from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research raised Park-Ohio from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, January 23rd. ValuEngine cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, TheStreet cut Park-Ohio from a “b-” rating to a “c+” rating in a research report on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of Park-Ohio during the fourth quarter worth approximately $218,000. Millennium Management LLC bought a new position in shares of Park-Ohio during the fourth quarter worth approximately $1,371,000. Cornerstone Capital Management Holdings LLC. increased its stake in Park-Ohio by 54.9% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 17,500 shares of the industrial products company’s stock worth $803,000 after acquiring an additional 6,200 shares during the period. Deutsche Bank AG increased its stake in Park-Ohio by 141.6% during the 4th quarter. Deutsche Bank AG now owns 19,964 shares of the industrial products company’s stock worth $916,000 after acquiring an additional 11,702 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Park-Ohio by 50.2% during the 4th quarter. Allianz Asset Management GmbH now owns 40,116 shares of the industrial products company’s stock worth $1,843,000 after acquiring an additional 13,410 shares during the period. Institutional investors own 55.27% of the company’s stock.
PKOH opened at $38.50 on Tuesday. Park-Ohio has a 12-month low of $34.33 and a 12-month high of $47.90. The company has a market capitalization of $476.15, a PE ratio of 11.92 and a beta of 2.78. The company has a quick ratio of 1.40, a current ratio of 2.43 and a debt-to-equity ratio of 1.79.
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Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
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