Equities research analysts forecast that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will announce $348.77 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Park-Ohio Holdings Corp.’s earnings, with the lowest sales estimate coming in at $346.80 million and the highest estimate coming in at $351.70 million. Park-Ohio Holdings Corp. posted sales of $312.70 million during the same quarter last year, which indicates a positive year over year growth rate of 11.5%. The firm is expected to issue its next earnings results on Monday, November 6th.

On average, analysts expect that Park-Ohio Holdings Corp. will report full year sales of $348.77 million for the current fiscal year, with estimates ranging from $1.38 billion to $1.40 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.45 billion per share, with estimates ranging from $1.44 billion to $1.47 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Park-Ohio Holdings Corp..

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $350.90 million during the quarter, compared to analysts’ expectations of $355.83 million. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%.

A number of research firms recently issued reports on PKOH. BidaskClub upgraded Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, ValuEngine raised Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.00.

ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/17/park-ohio-holdings-corp-pkoh-expected-to-announce-quarterly-sales-of-348-77-million.html.

In other Park-Ohio Holdings Corp. news, COO Matthew V. Crawford sold 4,192 shares of Park-Ohio Holdings Corp. stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $40.21, for a total transaction of $168,560.32. Following the completion of the sale, the chief operating officer now directly owns 1,016,145 shares of the company’s stock, valued at approximately $40,859,190.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James W. Wert sold 2,500 shares of Park-Ohio Holdings Corp. stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total value of $102,000.00. Following the sale, the director now directly owns 81,695 shares of the company’s stock, valued at $3,333,156. The disclosure for this sale can be found here. Insiders have sold a total of 26,162 shares of company stock valued at $1,041,861 over the last ninety days. 31.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in Park-Ohio Holdings Corp. by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,473 shares of the industrial products company’s stock worth $285,000 after buying an additional 452 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in Park-Ohio Holdings Corp. during the 2nd quarter worth about $197,000. Royal Bank of Canada lifted its holdings in Park-Ohio Holdings Corp. by 0.7% during the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock worth $216,000 after buying an additional 37 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Park-Ohio Holdings Corp. by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 717,368 shares of the industrial products company’s stock worth $27,332,000 after buying an additional 55,315 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Park-Ohio Holdings Corp. by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 380,717 shares of the industrial products company’s stock worth $14,506,000 after buying an additional 13,983 shares during the last quarter. 55.12% of the stock is owned by institutional investors.

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded up 0.37% on Friday, reaching $40.40. The company had a trading volume of 44,422 shares. The company has a market capitalization of $492.84 million, a P/E ratio of 15.29 and a beta of 3.42. The company has a 50 day moving average of $39.76 and a 200-day moving average of $38.34. Park-Ohio Holdings Corp. has a 52 week low of $30.01 and a 52 week high of $47.00.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, August 9th. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is 18.80%.

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.

Get a free copy of the Zacks research report on Park-Ohio Holdings Corp. (PKOH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Receive News & Ratings for Park-Ohio Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.