Park Aerospace Corp. (NYSE:PKE) Announces $0.12 Quarterly Dividend

Park Aerospace Corp. (NYSE:PKE) declared a quarterly dividend on Tuesday, September 8th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.125 per share by the semiconductor company on Wednesday, November 4th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, October 1st.

Park Aerospace has raised its dividend payment by an average of 0.0%per year over the last three years.

Park Aerospace Trading Up 3.1%

PKE stock opened at $32.26 on Wednesday. The company’s 50 day moving average is $34.72 and its 200 day moving average is $32.53. The stock has a market cap of $701.73 million, a price-to-earnings ratio of 51.21 and a beta of 0.40. Park Aerospace has a 1-year low of $18.19 and a 1-year high of $39.86.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Monday, July 20th. The semiconductor company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $18.31 million during the quarter, compared to analysts’ expectations of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PKE shares. Citizens Jmp began coverage on Park Aerospace in a research note on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price target for the company. Citigroup reissued a “market outperform” rating on shares of Park Aerospace in a report on Tuesday, July 21st. Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 27th. Wall Street Zen downgraded shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Park Aerospace in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $42.50.

About Park Aerospace

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.