Park Electrochemical Corp. (PKE) Posts Quarterly Earnings, Beats Expectations By $0.07 EPS
Park Electrochemical Corp. (NYSE:PKE) announced its earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.07, Analyst RN reports.
Park Electrochemical Corp. (NYSE:PKE) opened at 28.11 on Tuesday. Park Electrochemical Corp. has a 52-week low of $24.03 and a 52-week high of $30.64. The stock’s 50-day moving average is $26.98 and its 200-day moving average is $28.00. The company’s market cap is $587.0 million.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, July 1st.
On a related note, analysts at TheStreet downgraded shares of Park Electrochemical Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.
Park Electrochemical Corp. (NYSE:PKE), through its subsidiaries, is a global advanced materials company, which develops, manufactures, markets and sells high-technology 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 products principally for the aerospace markets.
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