Park Aerospace (NYSE:PKE) Issues Quarterly Earnings Results

Park Aerospace (NYSE:PKE) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.08 EPS for the quarter, Zacks reports. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Stock Up 1.9 %

Shares of NYSE:PKE traded up $0.26 during trading on Tuesday, reaching $14.24. 78,444 shares of the company traded hands, compared to its average volume of 42,668. The firm has a market cap of $284.26 million, a P/E ratio of 41.88 and a beta of 0.43. Park Aerospace has a 1-year low of $11.96 and a 1-year high of $16.96. The firm has a fifty day simple moving average of $14.72 and a 200 day simple moving average of $13.87.

Park Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Investors of record on Friday, January 3rd will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, January 3rd. Park Aerospace’s dividend payout ratio is currently 147.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Park Aerospace from a “hold” rating to a “buy” rating in a research note on Friday, December 27th.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.