Park Electrochemical Corp. (PKE) to Post Q1 2018 Earnings of $0.13 Per Share, Griffin Securities Forecasts
Park Electrochemical Corp. (NYSE:PKE) – Investment analysts at Griffin Securities cut their Q1 2018 EPS estimates for shares of Park Electrochemical Corp. in a report issued on Thursday. Griffin Securities analyst M. Ajzenman now anticipates that the semiconductor company will post earnings of $0.13 per share for the quarter, down from their previous estimate of $0.19. Griffin Securities also issued estimates for Park Electrochemical Corp.’s Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.64 EPS.
PKE has been the subject of a number of other reports. Zacks Investment Research upgraded Park Electrochemical Corp. from a “sell” rating to a “hold” rating in a report on Friday, March 3rd. Needham & Company LLC restated a “buy” rating and set a $22.00 target price (up from $18.00) on shares of Park Electrochemical Corp. in a report on Monday, January 9th.
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Shares of Park Electrochemical Corp. (NYSE:PKE) opened at 17.46 on Monday. The stock’s 50 day moving average price is $17.52 and its 200 day moving average price is $17.87. Park Electrochemical Corp. has a 52-week low of $13.76 and a 52-week high of $20.24.
Park Electrochemical Corp. (NYSE:PKE) last released its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. Park Electrochemical Corp. had a return on equity of 6.49% and a net margin of 9.27%. The business had revenue of $27.60 million for the quarter, compared to the consensus estimate of $30 million. During the same quarter last year, the business posted $0.24 earnings per share.
A number of institutional investors have recently made changes to their positions in the stock. Royce & Associates LP boosted its position in shares of Park Electrochemical Corp. by 3.0% in the fourth quarter. Royce & Associates LP now owns 2,871,634 shares of the semiconductor company’s stock worth $53,556,000 after buying an additional 84,000 shares during the period. State Street Corp boosted its position in shares of Park Electrochemical Corp. by 6.8% in the fourth quarter. State Street Corp now owns 523,949 shares of the semiconductor company’s stock worth $9,770,000 after buying an additional 33,139 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Park Electrochemical Corp. by 14.2% in the third quarter. Bank of New York Mellon Corp now owns 330,618 shares of the semiconductor company’s stock worth $5,743,000 after buying an additional 41,131 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Park Electrochemical Corp. during the first quarter worth approximately $151,000. Finally, Comerica Bank boosted its position in shares of Park Electrochemical Corp. by 5.8% in the fourth quarter. Comerica Bank now owns 20,257 shares of the semiconductor company’s stock worth $362,000 after buying an additional 1,109 shares during the period. Institutional investors own 82.22% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 2nd. Investors of record on Tuesday, April 4th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Friday, March 31st. Park Electrochemical Corp.’s dividend payout ratio (DPR) is 70.18%.
About Park Electrochemical Corp.
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells 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 and low-volume tooling products for the aerospace markets.
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