Wall Street analysts forecast that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will post sales of $352.13 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Park-Ohio’s earnings. The highest sales estimate is $360.00 million and the lowest is $345.00 million. Park-Ohio reported sales of $340.20 million in the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The business is expected to announce its next quarterly earnings report on Tuesday, November 2nd.
According to Zacks, analysts expect that Park-Ohio will report full year sales of $1.42 billion for the current financial year, with estimates ranging from $1.40 billion to $1.43 billion. For the next year, analysts forecast that the business will report sales of $1.50 billion, with estimates ranging from $1.47 billion to $1.53 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Tuesday, August 3rd. The industrial products company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.78). The company had revenue of $350.00 million for the quarter, compared to the consensus estimate of $352.90 million. Park-Ohio had a net margin of 0.79% and a return on equity of 4.30%.
PKOH traded up $0.03 during trading on Friday, hitting $25.54. 10 shares of the company traded hands, compared to its average volume of 30,542. The firm has a market cap of $324.20 million, a P/E ratio of 28.03 and a beta of 1.36. The stock’s fifty day moving average is $27.57 and its 200 day moving average is $32.53. The company has a quick ratio of 1.23, a current ratio of 2.38 and a debt-to-equity ratio of 1.61. Park-Ohio has a one year low of $14.66 and a one year high of $41.78.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Stockholders of record on Friday, August 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.96%. Park-Ohio’s dividend payout ratio (DPR) is currently 5,000.00%.
In other news, Director Patrick V. Auletta sold 6,100 shares of the firm’s stock in a transaction that occurred on Thursday, June 24th. The shares were sold at an average price of $33.26, for a total value of $202,886.00. Following the completion of the transaction, the director now directly owns 14,260 shares in the company, valued at $474,287.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 32.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its stake in Park-Ohio by 10.8% in the second quarter. Gamco Investors INC. ET AL now owns 785,450 shares of the industrial products company’s stock valued at $25,244,000 after purchasing an additional 76,536 shares in the last quarter. BlackRock Inc. raised its stake in Park-Ohio by 1.7% in the first quarter. BlackRock Inc. now owns 601,952 shares of the industrial products company’s stock valued at $18,955,000 after purchasing an additional 10,347 shares in the last quarter. FMR LLC raised its stake in Park-Ohio by 28.3% in the second quarter. FMR LLC now owns 550,755 shares of the industrial products company’s stock valued at $17,701,000 after purchasing an additional 121,600 shares in the last quarter. Royce & Associates LP raised its stake in Park-Ohio by 70.6% in the first quarter. Royce & Associates LP now owns 438,773 shares of the industrial products company’s stock valued at $13,817,000 after purchasing an additional 181,651 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Park-Ohio by 5.1% in the second quarter. Gabelli Funds LLC now owns 433,500 shares of the industrial products company’s stock valued at $13,933,000 after purchasing an additional 21,100 shares in the last quarter. 51.83% of the stock is currently owned by institutional investors and hedge funds.
Park-Ohio Company Profile
Park-Ohio Holdings Corp. provides supply chain logistics services and manufactures aluminum products. It operates through the following business segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment provides customers with total supply management services for a broad range of high volume, specialty production components.
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