Zacks: Brokerages Expect Park-Ohio Holdings Corp. (PKOH) to Post $0.93 EPS

Wall Street analysts expect that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will announce earnings of $0.93 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Park-Ohio’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.96. Park-Ohio posted earnings per share of $0.87 during the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is scheduled to report its next earnings results on Monday, August 6th.

According to Zacks, analysts expect that Park-Ohio will report full-year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.69 to $3.77. For the next financial year, analysts expect that the firm will post earnings of $4.21 per share, with EPS estimates ranging from $4.18 to $4.26. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Park-Ohio.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Tuesday, May 8th. The industrial products company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Park-Ohio had a return on equity of 15.41% and a net margin of 1.94%. The company had revenue of $405.70 million during the quarter, compared to analyst estimates of $376.33 million.

Several equities analysts recently weighed in on the company. TheStreet upgraded Park-Ohio from a “c+” rating to a “b-” rating in a research report on Friday, June 15th. Zacks Investment Research upgraded Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, May 18th. BidaskClub upgraded Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 17th. Finally, ValuEngine downgraded Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Park-Ohio presently has a consensus rating of “Hold” and a consensus target price of $41.00.

In related news, Director Ronna Romney sold 5,060 shares of Park-Ohio stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $38.41, for a total transaction of $194,354.60. Following the transaction, the director now directly owns 23,684 shares in the company, valued at $909,702.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction on Monday, May 21st. The shares were sold at an average price of $42.00, for a total value of $42,000.00. Following the transaction, the director now owns 79,495 shares in the company, valued at $3,338,790. The disclosure for this sale can be found here. Insiders have sold 51,944 shares of company stock worth $2,105,266 over the last quarter. 31.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. Wells Fargo & Company MN lifted its position in shares of Park-Ohio by 20.0% in the fourth quarter. Wells Fargo & Company MN now owns 17,339 shares of the industrial products company’s stock valued at $797,000 after acquiring an additional 2,894 shares in the last quarter. BlackRock Inc. lifted its position in shares of Park-Ohio by 0.4% in the fourth quarter. BlackRock Inc. now owns 497,594 shares of the industrial products company’s stock valued at $22,865,000 after acquiring an additional 2,053 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Park-Ohio by 141.6% in the fourth quarter. Deutsche Bank AG now owns 19,964 shares of the industrial products company’s stock valued at $916,000 after acquiring an additional 11,702 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Park-Ohio by 54.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 17,500 shares of the industrial products company’s stock valued at $803,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Park-Ohio in the fourth quarter valued at about $1,371,000. Institutional investors own 55.62% of the company’s stock.

NASDAQ PKOH traded down $1.40 on Friday, hitting $35.50. 12,439 shares of the company traded hands, compared to its average volume of 22,324. The company has a market capitalization of $459.57 million, a PE ratio of 10.99 and a beta of 2.76. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.47 and a current ratio of 2.47. Park-Ohio has a 52-week low of $34.95 and a 52-week high of $47.90.

About Park-Ohio

Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

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