Park-Ohio (NASDAQ:PKOH) Announces Quarterly Earnings Results

Park-Ohio (NASDAQ:PKOH) issued its quarterly earnings results on Monday. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09, Yahoo Finance reports. Park-Ohio had a net margin of 0.70% and a return on equity of 14.05%. The business had revenue of $417.60 million for the quarter, compared to analysts’ expectations of $439.00 million. During the same quarter in the prior year, the company earned $0.72 earnings per share.

Park-Ohio Stock Performance

Shares of PKOH stock opened at $25.90 on Thursday. The company has a market cap of $338.51 million, a P/E ratio of 28.46 and a beta of 1.21. The firm has a fifty day moving average price of $25.32 and a 200 day moving average price of $24.82. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 2.18. Park-Ohio has a 12 month low of $12.34 and a 12 month high of $28.79.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $0.125 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. Park-Ohio’s payout ratio is 54.95%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th.

Insider Activity

In other Park-Ohio news, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.02, for a total transaction of $27,020.00. Following the transaction, the director now owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director James W. Wert sold 1,500 shares of Park-Ohio stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total value of $38,970.00. Following the sale, the director now directly owns 82,690 shares in the company, valued at $2,148,286.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James W. Wert sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.02, for a total value of $27,020.00. Following the completion of the sale, the director now owns 84,190 shares in the company, valued at approximately $2,274,813.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,500 shares of company stock worth $91,990. 35.60% of the stock is currently owned by insiders.

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