Park-Ohio (NASDAQ:PKOH – Get Free Report) released its quarterly earnings results on Monday. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09, Yahoo Finance reports. The firm had revenue of $417.60 million for the quarter, compared to the consensus estimate of $439.00 million. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same quarter last year, the business posted $0.72 EPS.
Park-Ohio Stock Up 2.0 %
PKOH stock opened at $24.56 on Tuesday. The company has a market cap of $321.00 million, a price-to-earnings ratio of 38.98 and a beta of 1.23. Park-Ohio has a twelve month low of $12.34 and a twelve month high of $28.79. The business has a 50 day moving average price of $25.27 and a two-hundred day moving average price of $24.80. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 2.18.
Park-Ohio Dividend Announcement
The business 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. This represents a $0.50 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 2nd. Park-Ohio’s payout ratio is 79.37%.
Insiders Place Their Bets
Analysts Set New Price Targets
Separately, StockNews.com lowered Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Friday.
View Our Latest Research Report on Park-Ohio
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.
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