Park-Ohio (NASDAQ:PKOH) Posts Earnings Results

Park-Ohio (NASDAQ:PKOH) released its quarterly earnings results on Monday. The industrial products company reported $0.85 EPS for the quarter, beating 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 firm had revenue of $417.60 million during the quarter, compared to analyst estimates of $439.00 million. During the same quarter in the prior year, the firm earned $0.72 EPS.

Park-Ohio Stock Performance

Park-Ohio stock opened at $25.90 on Thursday. Park-Ohio has a 1-year low of $12.34 and a 1-year high of $28.79. The company’s 50-day moving average is $25.32 and its 200 day moving average is $24.82. The firm has a market capitalization of $338.51 million, a P/E ratio of 28.46 and a beta of 1.21. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14.

Park-Ohio Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity

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

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.