Park-Ohio (NASDAQ:PKOH) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.13), Fidelity Earnings reports. The firm had revenue of $403.40 million for the quarter, compared to analysts’ expectations of $430.20 million. Park-Ohio had a net margin of 2.78% and a return on equity of 16.27%.
NASDAQ:PKOH traded down $0.67 during mid-day trading on Friday, hitting $32.90. 60,447 shares of the stock traded hands, compared to its average volume of 27,667. The business’s 50-day moving average price is $30.05 and its 200 day moving average price is $31.14. The company has a market cap of $417.46 million, a PE ratio of 7.69 and a beta of 2.31. Park-Ohio has a 12-month low of $25.74 and a 12-month high of $38.77. The company has a quick ratio of 1.32, a current ratio of 2.34 and a debt-to-equity ratio of 1.83.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.50 annualized dividend and a yield of 1.52%. Park-Ohio’s dividend payout ratio is currently 11.68%.
In related news, Director Ronna Romney sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $26.14, for a total transaction of $130,700.00. Following the completion of the transaction, the director now owns 18,909 shares of the company’s stock, valued at $494,281.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 31.20% of the stock is currently owned by insiders.
Several brokerages recently commented on PKOH. ValuEngine cut shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a research note on Monday. BidaskClub raised shares of Park-Ohio from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley reduced their price objective on shares of Park-Ohio from $40.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. TheStreet cut shares of Park-Ohio from a “b-” rating to a “c+” rating in a research note on Monday, August 5th. Finally, Zacks Investment Research raised shares of Park-Ohio from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $30.50.
Park-Ohio Company Profile
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, 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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