Wall Street brokerages expect that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will announce $376.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Park-Ohio’s earnings, with the highest sales estimate coming in at $381.00 million and the lowest estimate coming in at $369.70 million. Park-Ohio posted sales of $343.80 million in the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The firm is scheduled to announce its next earnings report on Monday, May 14th.
On average, analysts expect that Park-Ohio will report full year sales of $376.33 million for the current financial year, with estimates ranging from $1.53 billion to $1.54 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.64 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, March 5th. The industrial products company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The firm had revenue of $366.00 million for the quarter, compared to analyst estimates of $356.10 million. Park-Ohio had a net margin of 2.02% and a return on equity of 15.04%.
Park-Ohio (NASDAQ PKOH) opened at $43.15 on Wednesday. The firm has a market cap of $539.17, a PE ratio of 18.84 and a beta of 3.13. Park-Ohio has a 12 month low of $34.25 and a 12 month high of $47.90. The company has a quick ratio of 1.40, a current ratio of 2.43 and a debt-to-equity ratio of 1.79.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were issued a $0.125 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. Park-Ohio’s payout ratio is 21.83%.
In other Park-Ohio news, COO Matthew V. Crawford sold 4,122 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $44.38, for a total value of $182,934.36. Following the completion of the sale, the chief operating officer now owns 997,433 shares in the company, valued at approximately $44,266,076.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new stake in Park-Ohio in the 4th quarter valued at about $218,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in 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. Royal Bank of Canada raised its holdings in 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. acquired a new stake in Park-Ohio in the 2nd quarter valued at about $228,000. Finally, The Manufacturers Life Insurance Company raised its holdings 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 valued at $285,000 after acquiring an additional 452 shares during the last quarter. Institutional investors own 55.25% of the company’s stock.
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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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