$356.10 Million in Sales Expected for Park-Ohio Holdings Corp. (PKOH) This Quarter
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.
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%.
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.
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