Brokerages expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to post $356.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Park-Ohio’s earnings, with the lowest sales estimate coming in at $352.60 million and the highest estimate coming in at $359.90 million. Park-Ohio reported sales of $306.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Park-Ohio will report full year sales of $356.10 million for the current year, with estimates ranging from $1.40 billion to $1.41 billion. For the next year, analysts anticipate that the business will post sales of $1.49 billion per share, with estimates ranging from $1.48 billion to $1.50 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Park-Ohio.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.05). Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. The firm had revenue of $352.20 million during the quarter, compared to analysts’ expectations of $345.17 million.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Park-Ohio from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. ValuEngine cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. B. Riley reiterated a “neutral” rating on shares of Park-Ohio in a research report on Wednesday, November 1st. Finally, FBR & Co reiterated a “hold” rating on shares of Park-Ohio in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Park-Ohio presently has an average rating of “Hold” and a consensus target price of $42.00.

In other news, insider Robert D. Vilsack sold 1,093 shares of Park-Ohio stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $46.91, for a total value of $51,272.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Matthew V. Crawford sold 15,808 shares of Park-Ohio stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the completion of the transaction, the chief operating officer now owns 1,032,645 shares of the company’s stock, valued at $40,758,498.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,743 shares of company stock valued at $2,371,506. 31.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of PKOH. Cornerstone Capital Management Holdings LLC. purchased a new position in Park-Ohio during the second quarter worth about $197,000. Royal Bank of Canada grew its position in Park-Ohio by 0.7% during the second 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 in the last quarter. Ameriprise Financial Inc. purchased a new position in Park-Ohio during the second quarter worth about $228,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Park-Ohio by 154.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,067 shares of the industrial products company’s stock worth $231,000 after buying an additional 3,076 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Park-Ohio by 11.2% during the second quarter. Wedge Capital Management L L P NC now owns 6,180 shares of the industrial products company’s stock worth $235,000 after buying an additional 622 shares in the last quarter. Institutional investors and hedge funds own 56.00% of the company’s stock.

Park-Ohio (NASDAQ:PKOH) traded down $2.05 during trading hours on Friday, reaching $44.45. The company’s stock had a trading volume of 28,785 shares, compared to its average volume of 24,101. The company has a quick ratio of 1.39, a current ratio of 2.36 and a debt-to-equity ratio of 1.79. Park-Ohio has a twelve month low of $34.25 and a twelve month high of $47.80. The stock has a market capitalization of $582.67, a P/E ratio of 15.35 and a beta of 3.48.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, November 13th. Park-Ohio’s dividend payout ratio (DPR) is presently 21.19%.

COPYRIGHT VIOLATION WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/12/02/356-10-million-in-sales-expected-for-park-ohio-holdings-corp-pkoh-this-quarter.html.

Park-Ohio 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 (PKOH)

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

Earnings History and Estimates for Park-Ohio (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.