Wall Street analysts predict that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will announce $438.60 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Park-Ohio’s earnings, with the lowest sales estimate coming in at $435.20 million and the highest estimate coming in at $443.60 million. Park-Ohio reported sales of $432.20 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The company is expected to announce its next earnings results after the market closes on Wednesday, August 7th.
According to Zacks, analysts expect that Park-Ohio will report full-year sales of $1.71 billion for the current financial year, with estimates ranging from $1.70 billion to $1.72 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.79 billion, with estimates ranging from $1.78 billion to $1.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Park-Ohio.
Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Monday, May 6th. The industrial products company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.03. Park-Ohio had a return on equity of 17.19% and a net margin of 3.29%. The company had revenue of $420.10 million for the quarter, compared to analyst estimates of $420.00 million.
NASDAQ:PKOH traded down $0.44 during mid-day trading on Friday, hitting $29.68. 707 shares of the company’s stock traded hands, compared to its average volume of 20,558. The firm’s 50 day moving average price is $31.55. Park-Ohio has a 12 month low of $28.01 and a 12 month high of $43.15. The company has a market capitalization of $394.12 million, a price-to-earnings ratio of 6.91 and a beta of 2.28. The company has a quick ratio of 1.26, a current ratio of 2.27 and a debt-to-equity ratio of 1.83.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.50 annualized dividend and a yield of 1.68%. Park-Ohio’s dividend payout ratio (DPR) is 11.68%.
In other news, insider Edward F. Crawford purchased 12,532 shares of the business’s stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $29.96 per share, with a total value of $375,458.72. Following the acquisition, the insider now directly owns 1,497,675 shares in the company, valued at approximately $44,870,343. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick V. Auletta sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $31.33, for a total value of $72,059.00. Following the completion of the transaction, the director now directly owns 17,125 shares of the company’s stock, valued at approximately $536,526.25. The disclosure for this sale can be found here. Corporate insiders own 31.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PKOH. BNP Paribas Arbitrage SA raised its holdings in Park-Ohio by 453.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,872 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 1,534 shares in the last quarter. Citigroup Inc. raised its holdings in Park-Ohio by 14.4% in the 4th quarter. Citigroup Inc. now owns 2,951 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 371 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Park-Ohio by 403.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,292 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 2,638 shares in the last quarter. Denali Advisors LLC raised its holdings in Park-Ohio by 1,878.2% in the 1st quarter. Denali Advisors LLC now owns 3,897 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Heritage Investors Management Corp acquired a new position in Park-Ohio in the 1st quarter valued at approximately $203,000. 53.79% of the stock is owned by hedge funds and other institutional investors.
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. 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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