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

Park-Ohio (NASDAQ:PKOH) is scheduled to issue 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 participating in the company’s conference call can do so using this link.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data 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). Park-Ohio had a net margin of 0.47% and a return on equity of 13.45%. The firm had revenue of $389.30 million during the quarter, compared to the consensus estimate of $386.45 million. During the same quarter last year, the business posted ($0.09) earnings per share. 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

PKOH stock opened at $24.09 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 2.18. Park-Ohio has a 12 month low of $12.25 and a 12 month high of $28.79. The firm has a market capitalization of $314.86 million, a P/E ratio of 38.24 and a beta of 1.23. The firm has a 50 day moving average of $25.28 and a 200-day moving average of $24.75.

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $0.125 dividend. The ex-dividend date of this dividend 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 presently 79.37%.

Insiders Place Their Bets

In other news, Director James W. Wert sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the completion of the sale, the director now owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James W. Wert sold 1,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.02, for a total value of $27,020.00. Following the completion of the sale, the director now owns 84,190 shares of the company’s stock, valued at approximately $2,274,813.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Wert sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total transaction of $38,970.00. Following the completion of the sale, the director now directly owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The disclosure for this sale can be found here. Insiders sold a total of 3,500 shares of company stock valued at $91,990 in the last quarter. Corporate insiders own 35.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.