Park Electrochemical Corporation (NYSE:PKE) – Research analysts at Griffin Securities decreased their Q3 2018 earnings estimates for Park Electrochemical Corporation in a note issued to investors on Thursday. Griffin Securities analyst M. Ajzenman now forecasts that the semiconductor company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.15. Griffin Securities also issued estimates for Park Electrochemical Corporation’s Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.54 EPS.

Park Electrochemical Corporation (NYSE:PKE) last announced its quarterly earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Park Electrochemical Corporation had a return on equity of 5.12% and a net margin of 5.63%. The business had revenue of $29.84 million during the quarter, compared to the consensus estimate of $28.00 million. During the same quarter in the prior year, the firm posted $0.10 EPS.

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PKE has been the subject of a number of other reports. Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of Park Electrochemical Corporation in a research report on Friday, September 1st. BidaskClub downgraded Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research raised Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.

Park Electrochemical Corporation (NYSE:PKE) traded down 0.927% on Friday, reaching $18.705. 15,129 shares of the company’s stock were exchanged. The firm has a market cap of $378.48 million, a PE ratio of 49.224 and a beta of 0.87. Park Electrochemical Corporation has a one year low of $13.76 and a one year high of $20.24. The firm has a 50 day moving average price of $18.26 and a 200 day moving average price of $17.85.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, October 2nd. Park Electrochemical Corporation’s payout ratio is presently 129.03%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Park Electrochemical Corporation by 3.6% during the first quarter. Principal Financial Group Inc. now owns 144,573 shares of the semiconductor company’s stock worth $2,582,000 after purchasing an additional 5,083 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Park Electrochemical Corporation by 0.6% during the first quarter. Ameriprise Financial Inc. now owns 181,505 shares of the semiconductor company’s stock worth $3,242,000 after purchasing an additional 1,154 shares during the last quarter. Teton Advisors Inc. lifted its stake in Park Electrochemical Corporation by 1.3% during the second quarter. Teton Advisors Inc. now owns 133,228 shares of the semiconductor company’s stock worth $2,454,000 after purchasing an additional 1,700 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Park Electrochemical Corporation by 11.4% during the first quarter. Great West Life Assurance Co. Can now owns 26,939 shares of the semiconductor company’s stock worth $481,000 after purchasing an additional 2,752 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Park Electrochemical Corporation by 2.9% during the first quarter. Renaissance Technologies LLC now owns 1,047,500 shares of the semiconductor company’s stock worth $18,708,000 after purchasing an additional 29,600 shares during the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

About Park Electrochemical Corporation

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.

Earnings History and Estimates for Park Electrochemical Corporation (NYSE:PKE)

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