Park Electrochemical (PKE) Announces Earnings Results, Misses Estimates By $0.07 EPS

Park Electrochemical (NYSE:PKE) posted its quarterly earnings data on Thursday. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07), Bloomberg Earnings reports. Park Electrochemical had a net margin of 5.63% and a return on equity of 5.12%. During the same period in the previous year, the firm posted $0.10 EPS.

Park Electrochemical (NYSE:PKE) traded down $0.20 on Thursday, reaching $19.66. The company had a trading volume of 89,800 shares, compared to its average volume of 100,250. Park Electrochemical has a one year low of $16.00 and a one year high of $20.24. The company has a current ratio of 15.23, a quick ratio of 14.56 and a debt-to-equity ratio of 0.37. The stock has a market cap of $408.80, a PE ratio of 63.42 and a beta of 0.89.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, January 23rd will be issued a dividend of $3.00 per share. This is a boost from Park Electrochemical’s previous special dividend of $1.50. Park Electrochemical’s payout ratio is presently 129.03%.

Separately, Zacks Investment Research upgraded Park Electrochemical from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC purchased a new stake in shares of Park Electrochemical in the 2nd quarter worth $3,437,000. Kennedy Capital Management Inc. lifted its holdings in shares of Park Electrochemical by 155.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 177,658 shares of the semiconductor company’s stock worth $3,272,000 after buying an additional 108,031 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Park Electrochemical by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,840,125 shares of the semiconductor company’s stock worth $33,895,000 after buying an additional 73,054 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Park Electrochemical by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,296 shares of the semiconductor company’s stock worth $20,415,000 after buying an additional 36,736 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Park Electrochemical by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,073,000 shares of the semiconductor company’s stock worth $19,765,000 after buying an additional 25,500 shares during the period. Institutional investors own 81.82% of the company’s stock.

WARNING: “Park Electrochemical (PKE) Announces Earnings Results, Misses Estimates By $0.07 EPS” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3125749/park-electrochemical-pke-announces-earnings-results-misses-estimates-by-0-07-eps.html.

Park Electrochemical Company Profile

Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.

Earnings History for Park Electrochemical (NYSE:PKE)

Receive News & Ratings for Park Electrochemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Electrochemical and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.