Park-Ohio Holdings Corp. (PKOH) Expected to Post Earnings of $0.85 Per Share
Equities analysts predict that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will post earnings per share of $0.85 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Park-Ohio Holdings Corp.’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.84. Park-Ohio Holdings Corp. reported earnings of $0.76 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The firm is scheduled to issue its next earnings results on Monday, August 14th.
On average, analysts expect that Park-Ohio Holdings Corp. will report full year earnings of $3.21 per share for the current financial year, with EPS estimates ranging from $3.17 to $3.25. For the next fiscal year, analysts forecast that the company will post earnings of $3.73 per share, with EPS estimates ranging from $3.71 to $3.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Park-Ohio Holdings Corp..
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings data on Monday, May 8th. The industrial products company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Park-Ohio Holdings Corp. had a net margin of 3.00% and a return on equity of 16.89%. The business had revenue of $343.80 million for the quarter, compared to the consensus estimate of $342.47 million.
PKOH has been the topic of several recent research reports. Zacks Investment Research cut shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, March 21st. TheStreet raised shares of Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research note on Monday, May 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Park-Ohio Holdings Corp. presently has a consensus rating of “Buy” and a consensus target price of $45.75.
In other Park-Ohio Holdings Corp. news, Director Patrick V. Auletta sold 2,010 shares of Park-Ohio Holdings Corp. stock in a transaction on Friday, June 9th. The shares were sold at an average price of $38.55, for a total transaction of $77,485.50. Following the sale, the director now owns 18,645 shares of the company’s stock, valued at approximately $718,764.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 31.00% of the company’s stock.
A number of large investors have recently made changes to their positions in PKOH. Renaissance Technologies LLC boosted its stake in shares of Park-Ohio Holdings Corp. by 25.1% in the fourth quarter. Renaissance Technologies LLC now owns 104,700 shares of the industrial products company’s stock valued at $4,460,000 after buying an additional 21,000 shares during the period. Two Sigma Investments LP boosted its stake in shares of Park-Ohio Holdings Corp. by 252.9% in the fourth quarter. Two Sigma Investments LP now owns 21,946 shares of the industrial products company’s stock valued at $935,000 after buying an additional 15,727 shares during the period. James Investment Research Inc. purchased a new position in shares of Park-Ohio Holdings Corp. during the first quarter valued at $2,230,000. Alambic Investment Management L.P. boosted its position in shares of Park-Ohio Holdings Corp. by 20.2% in the first quarter. Alambic Investment Management L.P. now owns 26,135 shares of the industrial products company’s stock valued at $940,000 after buying an additional 4,385 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Park-Ohio Holdings Corp. by 51.3% in the first quarter. Strs Ohio now owns 18,000 shares of the industrial products company’s stock valued at $647,000 after buying an additional 6,100 shares during the last quarter. 55.86% of the stock is currently owned by institutional investors.
Park-Ohio Holdings Corp. (PKOH) traded up 1.52% during trading on Wednesday, reaching $40.20. 20,546 shares of the company’s stock traded hands. The firm has a market capitalization of $490.56 million, a PE ratio of 12.77 and a beta of 3.47. Park-Ohio Holdings Corp. has a one year low of $29.45 and a one year high of $47.00. The company has a 50-day moving average price of $38.18 and a 200 day moving average price of $39.30.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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