Park-Ohio (PKOH) to Release Quarterly Earnings on Monday

Park-Ohio (NASDAQ:PKOH) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, March 6th. The industrial products company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $389.30 million during the quarter, compared to analysts’ expectations of $386.45 million. Park-Ohio had a net margin of 0.47% and a return on equity of 13.45%. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, analysts expect Park-Ohio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Park-Ohio Price Performance

Shares of NASDAQ PKOH opened at $24.09 on Friday. The business’s 50 day moving average price is $25.28 and its 200 day moving average price is $24.75. The firm has a market cap of $314.86 million, a P/E ratio of 38.24 and a beta of 1.23. Park-Ohio has a 52 week low of $12.25 and a 52 week high of $28.79. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 2.18.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a $0.125 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. Park-Ohio’s dividend payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Insiders Place Their Bets

In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total value of $38,970.00. Following the sale, the director now owns 82,690 shares in the company, valued at approximately $2,148,286.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director James W. Wert sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.00, for a total transaction of $26,000.00. Following the completion of the transaction, the director now directly owns 89,190 shares of the company’s stock, valued at approximately $2,318,940. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James W. Wert sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total value of $38,970.00. Following the transaction, the director now directly owns 82,690 shares of the company’s stock, valued at $2,148,286.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,500 shares of company stock worth $91,990. Corporate insiders own 35.60% of the company’s stock.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.