Park-Ohio Holdings Corp. (PKOH) Releases Earnings Results, Beats Estimates By $0.02 EPS
Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced its earnings results on Monday. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02, Bloomberg Earnings reports. Park-Ohio Holdings Corp. had a net margin of 3.00% and a return on equity of 16.89%.
Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded down 0.51% during trading on Monday, reaching $39.25. 32,144 shares of the company’s stock traded hands. Park-Ohio Holdings Corp. has a 1-year low of $29.61 and a 1-year high of $47.00. The company has a market capitalization of $478.97 million, a price-to-earnings ratio of 12.47 and a beta of 3.47. The company has a 50 day moving average of $38.83 and a 200-day moving average of $39.19.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.50 annualized dividend and a yield of 1.27%. Park-Ohio Holdings Corp.’s dividend payout ratio is currently 15.87%.
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Several brokerages have issued reports on PKOH. TheStreet raised shares of Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research note on Monday, May 8th. BidaskClub cut shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Investment Research raised shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Park-Ohio Holdings Corp. has an average rating of “Hold” and a consensus target price of $45.75.
In other Park-Ohio Holdings Corp. news, Director Patrick V. Auletta sold 2,010 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $38.55, for a total value of $77,485.50. Following the sale, the director now directly owns 18,645 shares of the company’s stock, valued at $718,764.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 31.00% of the stock is owned by company insiders.
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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