Park-Ohio (NASDAQ:PKOH) released its earnings results on Tuesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.15, Fidelity Earnings reports. Park-Ohio had a return on equity of 16.17% and a net margin of 2.76%. The business had revenue of $414.30 million for the quarter, compared to the consensus estimate of $404.00 million.
NASDAQ:PKOH traded down $0.11 during mid-day trading on Friday, hitting $36.06. 30,600 shares of the company traded hands, compared to its average volume of 24,243. Park-Ohio has a one year low of $32.32 and a one year high of $47.90. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.42 and a current ratio of 2.43. The firm has a market capitalization of $469.07 million, a PE ratio of 11.16 and a beta of 2.75.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, November 13th. Park-Ohio’s dividend payout ratio is presently 15.48%.
A number of analysts recently commented on the company. ValuEngine cut Park-Ohio from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research upgraded Park-Ohio from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, November 9th. B. Riley reiterated a “neutral” rating on shares of Park-Ohio in a research report on Wednesday, November 7th. Finally, BidaskClub cut Park-Ohio from a “sell” rating to a “strong sell” rating in a research report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.00.
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Park-Ohio Company Profile
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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