Park Electrochemical Corporation to Post Q1 2019 Earnings of $0.08 Per Share, Griffin Securities Forecasts (PKE)

Park Electrochemical Corporation (NYSE:PKE) – Equities researchers at Griffin Securities issued their Q1 2019 earnings estimates for Park Electrochemical in a research report issued to clients and investors on Monday. Griffin Securities analyst M. Ajzenman forecasts that the semiconductor company will post earnings of $0.08 per share for the quarter. Griffin Securities also issued estimates for Park Electrochemical’s Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.36 EPS.

A number of other equities analysts also recently issued reports on PKE. Zacks Investment Research downgraded shares of Park Electrochemical from a “hold” rating to a “strong sell” rating in a report on Friday. Needham & Company LLC raised their target price on shares of Park Electrochemical to $24.00 and gave the company a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call.

Shares of Park Electrochemical (NYSE PKE) traded up $0.34 on Wednesday, hitting $22.05. 415,400 shares of the stock were exchanged, compared to its average volume of 262,744. The company has a debt-to-equity ratio of 0.37, a current ratio of 19.23 and a quick ratio of 18.39. The stock has a market cap of $446.24, a P/E ratio of 88.20 and a beta of 0.89. Park Electrochemical has a 1-year low of $16.00 and a 1-year high of $22.19.

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 Zacks’ consensus estimate of $0.13 by ($0.07). The company had revenue of $26.14 million during the quarter, compared to analysts’ expectations of $28.50 million. Park Electrochemical had a net margin of 4.60% and a return on equity of 4.69%. During the same quarter in the prior year, the business earned $0.10 EPS.

The firm also recently announced a special dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd will be issued a dividend of $3.00 per share. This is an increase from Park Electrochemical’s previous special dividend of $1.50. The ex-dividend date is Monday, January 22nd. Park Electrochemical’s dividend payout ratio (DPR) is 160.00%.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Park Electrochemical by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,128,894 shares of the semiconductor company’s stock valued at $20,885,000 after acquiring an additional 20,598 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Park Electrochemical by 5.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 73,909 shares of the semiconductor company’s stock valued at $1,368,000 after acquiring an additional 3,499 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Park Electrochemical by 3.2% during the 3rd quarter. Wells Fargo & Company MN now owns 258,095 shares of the semiconductor company’s stock valued at $4,774,000 after acquiring an additional 7,914 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Park Electrochemical by 59.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,780 shares of the semiconductor company’s stock valued at $665,000 after acquiring an additional 13,358 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Park Electrochemical during the 3rd quarter valued at about $254,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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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.

Earnings History and Estimates for Park Electrochemical (NYSE:PKE)

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