Park-Ohio Holdings Corp. (NASDAQ:PKOH) Expected to Announce Earnings of -$0.10 Per Share

Wall Street brokerages expect Park-Ohio Holdings Corp. (NASDAQ:PKOH) to announce earnings per share of ($0.10) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Park-Ohio’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.26). Park-Ohio posted earnings per share of $0.53 in the same quarter last year, which indicates a negative year-over-year growth rate of 118.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 1st.

According to Zacks, analysts expect that Park-Ohio will report full-year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to ($0.09). For the next financial year, analysts expect that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.39 to $2.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Park-Ohio.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Tuesday, November 2nd. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.60). Park-Ohio had a negative net margin of 0.10% and a positive return on equity of 1.42%. The business had revenue of $358.50 million during the quarter, compared to analyst estimates of $352.13 million. During the same period in the previous year, the business posted $0.52 EPS.

PKOH has been the topic of several recent analyst reports. Zacks Investment Research cut Park-Ohio from a “hold” rating to a “sell” rating in a research note on Thursday, August 5th. B. Riley dropped their price objective on Park-Ohio from $29.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, November 4th. Finally, KeyCorp dropped their price objective on Park-Ohio from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, September 27th.

NASDAQ PKOH traded up $1.21 during mid-day trading on Thursday, hitting $22.10. The company’s stock had a trading volume of 14,691 shares, compared to its average volume of 30,556. The company’s 50 day simple moving average is $23.95 and its 200 day simple moving average is $28.42. Park-Ohio has a twelve month low of $20.48 and a twelve month high of $41.78. The company has a current ratio of 2.36, a quick ratio of 1.19 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $278.46 million, a price-to-earnings ratio of -170.00 and a beta of 1.22.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 3rd. Stockholders of record on Friday, November 19th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, November 18th. Park-Ohio’s payout ratio is -384.62%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. Citigroup Inc. increased its holdings in Park-Ohio by 158.7% in the 3rd quarter. Citigroup Inc. now owns 1,045 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 641 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Park-Ohio by 70.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,702 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 1,121 shares during the last quarter. Barclays PLC grew its holdings in Park-Ohio by 183.8% during the 3rd quarter. Barclays PLC now owns 3,477 shares of the industrial products company’s stock valued at $88,000 after buying an additional 2,252 shares in the last quarter. Royal Bank of Canada grew its holdings in Park-Ohio by 7.8% during the 1st quarter. Royal Bank of Canada now owns 4,425 shares of the industrial products company’s stock valued at $140,000 after buying an additional 321 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Park-Ohio during the 3rd quarter valued at about $130,000. Institutional investors own 59.22% of the company’s stock.

About Park-Ohio

Park-Ohio Holdings Corp. provides supply chain logistics services and manufactures aluminum products. It operates through the following business segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment provides customers with total supply management services for a broad range of high volume, specialty production components.

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Earnings History and Estimates for Park-Ohio (NASDAQ:PKOH)

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