Park-Ohio Holdings Corp. (PKOH) Announces Quarterly Results
Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced its earnings results on Monday. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.23, StockRatingsNetwork.com reports. The company had revenue of $317.80 million for the quarter, compared to the consensus estimate of $323.70 million. Park-Ohio Holdings Corp. updated its FY14 guidance to $4.32-4.72 EPS.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Park-Ohio Holdings Corp. from $35.00 to $68.00 in a research note on Tuesday, April 1st. They now have an “outperform” rating on the stock. On a related note, analysts at Zacks downgraded shares of Park-Ohio Holdings Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 13th. They now have a $52.60 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of Park-Ohio Holdings Corp. in a research note on Thursday, February 13th. They set a “buy” rating on the stock.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded down 0.12% on Monday, hitting $57.57. 53,643 shares of the company’s stock traded hands. Park-Ohio Holdings Corp. has a 1-year low of $30.61 and a 1-year high of $61.40. The stock has a 50-day moving average of $57.61 and a 200-day moving average of $49.12. The company has a market cap of $691.2 million and a P/E ratio of 16.21.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 9th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.87%.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) conducts its business primarily through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc (Park-Ohio).
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