Park-Ohio (PKOH) to Release Earnings on Monday

Park-Ohio (NASDAQ:PKOH) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.92 per share for the quarter.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Thursday, August 9th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.14. The firm had revenue of $432.20 million during the quarter, compared to analysts’ expectations of $397.83 million. Park-Ohio had a net margin of 2.60% and a return on equity of 15.68%. On average, analysts expect Park-Ohio to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Park-Ohio stock opened at $34.20 on Friday. The company has a market capitalization of $438.68 million, a PE ratio of 9.27 and a beta of 2.75. Park-Ohio has a twelve month low of $32.32 and a twelve month high of $47.90. The company has a quick ratio of 1.54, a current ratio of 2.55 and a debt-to-equity ratio of 1.92.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 13th. Park-Ohio’s dividend payout ratio (DPR) is presently 15.48%.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Park-Ohio from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, August 14th. Finally, BidaskClub upgraded shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th.

In other news, insider Edward F. Crawford sold 48,186 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $40.59, for a total value of $1,955,869.74. Following the completion of the transaction, the insider now owns 1,522,148 shares in the company, valued at $61,783,987.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 31.20% of the stock is owned by corporate insiders.

Park-Ohio Company Profile

Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, 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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Earnings History for Park-Ohio (NASDAQ:PKOH)

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