Park-Ohio (NASDAQ:PKOH) Announces Quarterly Earnings Results

Park-Ohio (NASDAQ:PKOH) posted its quarterly earnings data on Wednesday. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.18, Zacks reports. The business had revenue of $417.60 million for the quarter. Park-Ohio had a return on equity of 15.21% and a net margin of 1.01%. Park-Ohio updated its FY 2024 guidance to EPS.

Park-Ohio Stock Up 1.5 %

Shares of PKOH stock traded up $0.47 during trading hours on Friday, hitting $32.48. 26,244 shares of the company’s stock traded hands, compared to its average volume of 27,075. The company has a quick ratio of 1.22, a current ratio of 2.42 and a debt-to-equity ratio of 2.22. The stock’s fifty day simple moving average is $29.37 and its two-hundred day simple moving average is $27.65. Park-Ohio has a 12-month low of $22.32 and a 12-month high of $34.50. The stock has a market cap of $428.02 million, a price-to-earnings ratio of 25.98 and a beta of 1.16.

Park-Ohio Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, November 15th. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th.

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.