Park-Ohio (NASDAQ:PKOH) will be releasing its earnings data after the market closes on Monday, November 5th. Analysts expect Park-Ohio to post earnings of $0.92 per share for the quarter.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Thursday, August 9th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.14. The business had revenue of $432.20 million during the quarter, compared to the consensus estimate of $397.83 million. Park-Ohio had a net margin of 2.60% and a return on equity of 15.68%. On average, analysts expect Park-Ohio to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NASDAQ PKOH opened at $34.20 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The firm has a market cap of $425.10 million, a P/E ratio of 10.54 and a beta of 2.85. Park-Ohio has a 1 year low of $32.32 and a 1 year high of $47.90.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 13th. Park-Ohio’s dividend payout ratio is currently 15.48%.
In related news, insider Edward F. Crawford sold 48,186 shares of Park-Ohio stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $40.59, for a total transaction of $1,955,869.74. Following the transaction, the insider now owns 1,522,148 shares of the company’s stock, valued at approximately $61,783,987.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.20% of the stock is owned by company insiders.
Several research firms recently issued reports on PKOH. Zacks Investment Research downgraded shares of Park-Ohio from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine cut shares of Park-Ohio from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, BidaskClub upgraded shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th.
Park-Ohio Company Profile
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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