Park-Ohio (NASDAQ:PKOH) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Park-Ohio (NASDAQ:PKOH) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.18, Zacks reports. The company had revenue of $417.60 million for the quarter. Park-Ohio had a net margin of 1.01% and a return on equity of 15.21%. Park-Ohio updated its FY 2024 guidance to EPS.

Park-Ohio Stock Up 1.5 %

NASDAQ:PKOH traded up $0.47 during mid-day trading on Friday, hitting $32.48. 26,244 shares of the company’s stock traded hands, compared to its average volume of 27,075. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.42. The company has a market capitalization of $428.02 million, a P/E ratio of 25.98 and a beta of 1.16. The company has a fifty day moving average of $29.37 and a 200 day moving average of $27.65. Park-Ohio has a twelve month low of $22.32 and a twelve month high of $34.50.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 1.54%. Park-Ohio’s dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th.

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. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.