Park Electrochemical Corporation (NYSE:PKE) – Investment analysts at Griffin Securities dropped their FY2018 earnings estimates for Park Electrochemical in a report released on Monday. Griffin Securities analyst M. Ajzenman now expects that the semiconductor company will post earnings per share of $0.37 for the year, down from their previous forecast of $0.54. Griffin Securities also issued estimates for Park Electrochemical’s Q4 2018 earnings at $0.08 EPS.
Park Electrochemical (NYSE:PKE) last announced its quarterly earnings results on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.07). The business had revenue of $26.14 million during the quarter, compared to the consensus estimate of $28.50 million. Park Electrochemical had a net margin of 4.60% and a return on equity of 4.69%. During the same period last year, the firm earned $0.10 EPS.
Shares of Park Electrochemical (PKE) traded up $0.49 during trading on Thursday, reaching $21.71. 404,700 shares of the company’s stock traded hands, compared to its average volume of 243,663. The company has a market cap of $446.24, a price-to-earnings ratio of 86.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 19.23 and a quick ratio of 18.39. Park Electrochemical has a 12-month low of $16.00 and a 12-month high of $21.94.
The firm also recently declared a special dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, January 22nd. This is a positive change from Park Electrochemical’s previous special dividend of $1.50. Park Electrochemical’s payout ratio is 160.00%.
A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Park Electrochemical in the 3rd quarter valued at $254,000. Wells Fargo & Company MN boosted its stake in shares of Park Electrochemical by 3.2% in the 2nd quarter. Wells Fargo & Company MN now owns 250,181 shares of the semiconductor company’s stock valued at $4,608,000 after purchasing an additional 7,790 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Park Electrochemical by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,073,000 shares of the semiconductor company’s stock valued at $19,765,000 after purchasing an additional 25,500 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Park Electrochemical by 13.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 47,405 shares of the semiconductor company’s stock valued at $873,000 after purchasing an additional 5,438 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Park Electrochemical by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,840,125 shares of the semiconductor company’s stock valued at $33,895,000 after purchasing an additional 73,054 shares in the last quarter. 81.82% of the stock is currently owned by hedge funds and other institutional investors.
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About Park Electrochemical
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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