Equities analysts expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to report sales of $356.10 million for the current quarter, Zacks reports. Three analysts have made estimates for Park-Ohio’s earnings, with the highest sales estimate coming in at $359.90 million and the lowest estimate coming in at $352.60 million. Park-Ohio posted sales of $306.80 million in the same quarter last year, which suggests a positive year over year growth rate of 16.1%. The company is expected to issue its next earnings report on Tuesday, March 6th.

On average, 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 financial 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 averages are an average based on a survey of research analysts that that provide coverage for Park-Ohio.

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

A number of research analysts have commented on PKOH shares. Zacks Investment Research upgraded Park-Ohio from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, September 7th. ValuEngine cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co reiterated a “hold” rating on shares of Park-Ohio in a research note on Thursday, October 5th. Finally, B. Riley reiterated a “neutral” rating on shares of Park-Ohio in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.00.

In related news, COO Matthew V. Crawford sold 4,122 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $44.38, for a total transaction of $182,934.36. Following the transaction, the chief operating officer now owns 997,433 shares of the company’s stock, valued at $44,266,076.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patrick W. Fogarty sold 13,500 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $47.05, for a total value of $635,175.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,715 shares of company stock worth $1,008,612. Corporate insiders own 31.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings 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. Bank of New York Mellon Corp boosted its stake in Park-Ohio by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,203 shares of the industrial products company’s stock worth $2,866,000 after purchasing an additional 404 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Park-Ohio by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,473 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 452 shares during the period. Teachers Advisors LLC lifted its position in Park-Ohio by 4.0% in the 2nd quarter. Teachers Advisors LLC now owns 15,695 shares of the industrial products company’s stock worth $598,000 after buying an additional 603 shares in the last quarter. Finally, Martingale Asset Management L P lifted its position in Park-Ohio by 4.7% in the 2nd quarter. Martingale Asset Management L P now owns 28,715 shares of the industrial products company’s stock worth $1,095,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 55.93% of the company’s stock.

Park-Ohio (NASDAQ PKOH) traded up $0.35 during trading hours on Friday, reaching $46.25. The company’s stock had a trading volume of 21,200 shares, compared to its average volume of 18,133. 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 one year low of $34.25 and a one year high of $47.80. The firm has a market capitalization of $575.15, a PE ratio of 19.60 and a beta of 3.47.

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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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