Park-Ohio Holdings Corp. (PKOH) Set to Announce Earnings on Monday
Park-Ohio Holdings Corp. (NASDAQ:PKOH) is scheduled to be releasing its earnings data after the market closes on Monday, November 6th. Analysts expect Park-Ohio Holdings Corp. to post earnings of $0.87 per share for the quarter.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The company had revenue of $350.90 million during the quarter, compared to analyst estimates of $355.83 million. On average, analysts expect Park-Ohio Holdings Corp. to post $3.23 EPS for the current fiscal year and $3.75 EPS for the next fiscal year.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded down 1.27% during mid-day trading on Wednesday, reaching $46.55. The company had a trading volume of 1,483 shares. Park-Ohio Holdings Corp. has a 1-year low of $30.35 and a 1-year high of $47.50. The firm has a 50-day moving average price of $44.62 and a 200-day moving average price of $40.10. The stock has a market capitalization of $567.86 million, a price-to-earnings ratio of 17.62 and a beta of 3.46.
In related news, COO Matthew V. Crawford sold 15,808 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $39.47, for a total transaction of $623,941.76. Following the completion of the sale, the chief operating officer now directly owns 1,032,645 shares in the company, valued at approximately $40,758,498.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert D. Vilsack sold 1,471 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $45.75, for a total value of $67,298.25. Following the sale, the insider now owns 93,527 shares of the company’s stock, valued at $4,278,860.25. The disclosure for this sale can be found here. Insiders have sold a total of 39,650 shares of company stock valued at $1,647,828 over the last 90 days. 31.00% of the stock is currently owned by company insiders.
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A number of research firms have recently issued reports on PKOH. Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. FBR & Co reissued a “hold” rating on shares of Park-Ohio Holdings Corp. in a research report on Thursday, October 5th. Finally, ValuEngine downgraded Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.00.
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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