Zacks: Brokerages Expect Park-Ohio Holdings Corp. (PKOH) Will Post Earnings of $0.81 Per Share

Equities research analysts expect that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will report $0.81 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Park-Ohio’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.79. Park-Ohio reported earnings of $0.66 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.7%. The firm is expected to issue its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Park-Ohio will report full-year earnings of $3.18 per share for the current financial year, with EPS estimates ranging from $3.16 to $3.20. For the next financial year, analysts forecast that the business will post earnings of $3.90 per share, with EPS estimates ranging from $3.62 to $4.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Park-Ohio.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $352.20 million for the quarter, compared to analysts’ expectations of $345.17 million.

PKOH has been the subject of several recent analyst reports. BidaskClub cut Park-Ohio from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research cut Park-Ohio from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. FBR & Co restated a “hold” rating on shares of Park-Ohio in a research report on Thursday, October 5th. Finally, ValuEngine cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.00.

In other news, Director Ronna Romney sold 3,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $46.41, for a total value of $139,230.00. Following the completion of the transaction, the director now directly owns 24,478 shares in the company, valued at approximately $1,136,023.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert D. Vilsack sold 1,093 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $46.91, for a total value of $51,272.63. The disclosure for this sale can be found here. Insiders sold a total of 21,715 shares of company stock valued at $1,008,612 over the last quarter. Company insiders own 31.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PKOH. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Park-Ohio in the 2nd quarter worth about $197,000. Royal Bank of Canada lifted its stake in shares of Park-Ohio by 0.7% in the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 37 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Park-Ohio in the 2nd quarter valued at about $228,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Park-Ohio by 154.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,067 shares of the industrial products company’s stock valued at $231,000 after acquiring an additional 3,076 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $285,000 after acquiring an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 55.93% of the company’s stock.

Park-Ohio (NASDAQ:PKOH) traded up $1.50 during trading on Friday, reaching $47.35. The company had a trading volume of 23,937 shares, compared to its average volume of 24,625. Park-Ohio has a twelve month low of $34.25 and a twelve month high of $47.90. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 2.36. The stock has a market capitalization of $611.62, a PE ratio of 20.06 and a beta of 3.47.

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About Park-Ohio

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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