Park-Ohio Holdings Corp. (NASDAQ:PKOH) Expected to Post Earnings of $1.16 Per Share

Wall Street brokerages predict that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will report earnings per share (EPS) of $1.16 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Park-Ohio’s earnings, with the lowest EPS estimate coming in at $1.14 and the highest estimate coming in at $1.17. Park-Ohio reported earnings per share of $1.07 during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The business is expected to issue its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Park-Ohio will report full year earnings of $4.44 per share for the current financial year, with EPS estimates ranging from $4.42 to $4.47. For the next financial year, analysts expect that the company will report earnings of $5.00 per share, with EPS estimates ranging from $4.93 to $5.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Park-Ohio.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Monday, August 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. The company had revenue of $415.30 million for the quarter, compared to analyst estimates of $438.60 million. Park-Ohio had a return on equity of 16.77% and a net margin of 2.89%.

PKOH has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Park-Ohio from a “buy” rating to a “hold” rating in a research note on Saturday. B. Riley dropped their price objective on Park-Ohio from $40.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. BidaskClub lowered Park-Ohio from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 8th. ValuEngine lowered Park-Ohio from a “sell” rating to a “strong sell” rating in a research note on Friday, June 7th. Finally, TheStreet lowered Park-Ohio from a “b-” rating to a “c+” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $30.50.

Shares of Park-Ohio stock traded down $0.01 during trading on Friday, reaching $27.69. The company’s stock had a trading volume of 8,224 shares, compared to its average volume of 35,585. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.32 and a current ratio of 2.37. The business’s fifty day moving average price is $30.05 and its 200-day moving average price is $32.61. The firm has a market cap of $347.95 million, a price-to-earnings ratio of 6.47 and a beta of 2.30. Park-Ohio has a one year low of $26.61 and a one year high of $43.15.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.50 annualized dividend and a yield of 1.81%. Park-Ohio’s dividend payout ratio is 11.68%.

In other news, insider Edward F. Crawford purchased 7,581 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average cost of $30.84 per share, for a total transaction of $233,798.04. Following the completion of the purchase, the insider now directly owns 1,510,295 shares of the company’s stock, valued at approximately $46,577,497.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward F. Crawford purchased 12,532 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $29.96 per share, for a total transaction of $375,458.72. Following the completion of the purchase, the insider now directly owns 1,497,675 shares of the company’s stock, valued at $44,870,343. The disclosure for this purchase can be found here. Insiders have purchased 22,613 shares of company stock worth $678,307 over the last 90 days. Corporate insiders own 31.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of PKOH. Royal Bank of Canada boosted its holdings in Park-Ohio by 45.5% during the second quarter. Royal Bank of Canada now owns 1,164 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Park-Ohio by 6.8% in the 2nd quarter. Algert Global LLC now owns 8,862 shares of the industrial products company’s stock worth $289,000 after acquiring an additional 567 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Park-Ohio by 4.8% in the 2nd quarter. Swiss National Bank now owns 15,400 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 700 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Park-Ohio by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 389,815 shares of the industrial products company’s stock worth $12,704,000 after acquiring an additional 996 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Park-Ohio by 9.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,841 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 54.36% 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. 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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Earnings History and Estimates for Park-Ohio (NASDAQ:PKOH)

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