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.
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.
TRADEMARK VIOLATION WARNING: This report was reported by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.themarketsdaily.com/2018/01/13/park-electrochemical-corporation-to-post-q1-2019-earnings-of-0-08-per-share-griffin-securities-forecasts-pke.html.
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.
Receive News & Ratings for Park Electrochemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Electrochemical and related companies with MarketBeat.com's FREE daily email newsletter.