Park-Ohio Holdings Corp. (PKOH) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS
Park-Ohio Holdings Corp. (NASDAQ:PKOH) posted its quarterly earnings results on Monday. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.14, American Banking News reports. The company had revenue of $343.30 million for the quarter, compared to the consensus estimate of $338.40 million.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded up 0.84% during mid-day trading on Monday, hitting $59.95. The stock had a trading volume of 59,583 shares. Park-Ohio Holdings Corp. has a 52-week low of $31.29 and a 52-week high of $63.29. The stock has a 50-day moving average of $59.28 and a 200-day moving average of $55.17. The company has a market cap of $722.3 million and a P/E ratio of 16.86.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, August 13th.
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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