Shares of Park Electrochemical Corporation (NYSE:PKE) have been given an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 12-month consensus price objective of $25.00 for the company and are forecasting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned Park Electrochemical an industry rank of 207 out of 265 based on the ratings given to its competitors.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Park Electrochemical from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th. Needham & Company LLC raised their price target on Park Electrochemical to $24.00 and gave the company a “buy” rating in a research note on Friday, January 5th. They noted that the move was a valuation call.
Park Electrochemical (NYSE:PKE) last posted its quarterly earnings data on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07). The firm had revenue of $26.14 million for the quarter, compared to the consensus estimate of $28.50 million. Park Electrochemical had a return on equity of 4.69% and a net margin of 4.60%. During the same quarter in the previous year, the business posted $0.10 earnings per share. analysts anticipate that Park Electrochemical will post 0.37 EPS for the current year.
The business also recently declared a special dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd will be paid a $3.00 dividend. This is an increase from Park Electrochemical’s previous special dividend of $1.50. The ex-dividend date of this dividend is Monday, January 22nd. Park Electrochemical’s dividend payout ratio (DPR) is currently 160.00%.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Park Electrochemical by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,840,125 shares of the semiconductor company’s stock valued at $33,895,000 after purchasing an additional 73,054 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Park Electrochemical by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,128,894 shares of the semiconductor company’s stock valued at $20,885,000 after purchasing an additional 20,598 shares in the last quarter. Renaissance Technologies LLC grew its stake in Park Electrochemical by 2.4% in the second quarter. Renaissance Technologies LLC now owns 1,073,000 shares of the semiconductor company’s stock valued at $19,765,000 after purchasing an additional 25,500 shares in the last quarter. Wells Fargo & Company MN grew its stake in Park Electrochemical by 3.2% in the third quarter. Wells Fargo & Company MN now owns 258,095 shares of the semiconductor company’s stock valued at $4,774,000 after purchasing an additional 7,914 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Park Electrochemical by 2.7% in the second quarter. Northern Trust Corp now owns 246,434 shares of the semiconductor company’s stock valued at $4,540,000 after purchasing an additional 6,437 shares in the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.
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Park Electrochemical Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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