Analysts Expect Park-Ohio Holdings Corp. (PKOH) Will Announce Earnings of $0.87 Per Share
Equities analysts expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to report $0.87 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Park-Ohio Holdings Corp.’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.85. Park-Ohio Holdings Corp. reported earnings of $1.13 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 23%. 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 earnings of $3.23 per share for the current year, with EPS estimates ranging from $3.22 to $3.25. For the next fiscal year, analysts anticipate that the company will report earnings of $3.75 per share, with EPS estimates ranging from $3.72 to $3.80. Zacks’ EPS 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 issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. The company had revenue of $350.90 million during the quarter, compared to the consensus estimate of $355.83 million.
A number of analysts recently commented on PKOH shares. ValuEngine lowered Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Thursday, September 28th. Finally, BidaskClub raised Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.00.
In other news, insider Robert D. Vilsack sold 7,436 shares of Park-Ohio Holdings Corp. stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $45.02, for a total value of $334,768.72. Following the completion of the transaction, the insider now owns 103,527 shares in the company, valued at $4,660,785.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert D. Vilsack sold 1,471 shares of Park-Ohio Holdings Corp. stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $45.75, for a total transaction of $67,298.25. Following the completion of the transaction, the insider now owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The disclosure for this sale can be found here. Insiders sold 39,650 shares of company stock valued at $1,647,828 over the last three months. Company insiders own 31.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Park-Ohio Holdings Corp. by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 366,734 shares of the industrial products company’s stock worth $13,185,000 after buying an additional 17,097 shares during the period. Morgan Stanley grew its stake in Park-Ohio Holdings Corp. by 5.8% in the 1st quarter. Morgan Stanley now owns 47,465 shares of the industrial products company’s stock valued at $1,706,000 after buying an additional 2,618 shares in the last quarter. Citadel Advisors LLC purchased a new position in Park-Ohio Holdings Corp. in the 1st quarter valued at approximately $439,000. Royce & Associates LP grew its stake in Park-Ohio Holdings Corp. by 20.3% in the 2nd quarter. Royce & Associates LP now owns 142,080 shares of the industrial products company’s stock valued at $5,413,000 after buying an additional 23,958 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in Park-Ohio Holdings Corp. by 11.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 6,180 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 622 shares during the period. Institutional investors own 55.12% of the company’s stock.
Park-Ohio Holdings Corp. (NASDAQ PKOH) traded up 0.43% during midday trading on Tuesday, reaching $46.55. 33,935 shares of the company traded hands. Park-Ohio Holdings Corp. has a 12-month low of $30.01 and a 12-month high of $47.00. The company has a 50 day moving average of $41.06 and a 200-day moving average of $38.63. The stock has a market capitalization of $567.86 million, a P/E ratio of 17.62 and a beta of 3.46.
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About Park-Ohio Holdings Corp.
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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