Park-Ohio Holdings Corp. Stock Price Down 4.6% After Earnings Miss (PKOH)
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) were down 4.6% during trading on Tuesday following a weaker than expected earnings announcement, ARN reports. The stock traded as low as $55.38 and last traded at $57.22, with a volume of 76,536 shares. The stock had previously closed at $59.95.
The company reported $1.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.14 by $0.14. The company had revenue of $343.30 million for the quarter, compared to the consensus estimate of $338.40 million.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors 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 0.83%. The ex-dividend date of this dividend is Wednesday, August 13th.
The stock has a 50-day moving average of $59.37 and a 200-day moving average of $55.26. The company has a market cap of $692.9 million and a P/E ratio of 17.00.
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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