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

Park-Ohio (NASDAQ:PKOH) will announce its earnings results 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 the consensus estimate of $0.56 by ($0.01). Park-Ohio had a net margin of 0.47% and a return on equity of 13.45%. The company had revenue of $389.30 million during the quarter, compared to analysts’ expectations of $386.45 million. During the same period last year, the business earned ($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 Trading Up 3.0 %

NASDAQ:PKOH opened at $24.09 on Friday. The business’s 50-day moving average is $25.28 and its two-hundred day moving average is $24.77. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14. 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 PE ratio of 38.24 and a beta of 1.23.

Park-Ohio Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, May 2nd. Park-Ohio’s dividend payout ratio (DPR) is presently 79.37%.

Analyst Ratings Changes

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

Insider Activity

In other news, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 89,190 shares in the company, valued at $2,318,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 89,190 shares in the company, valued at $2,318,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were 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 of the company’s stock, valued at $2,148,286.20. The disclosure for this sale can be found here. Insiders sold 3,500 shares of company stock worth $91,990 over the last ninety days. Corporate insiders own 35.60% of the company’s stock.

About Park-Ohio

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.