Park-Ohio (PKOH) to Release Earnings on Wednesday

Park-Ohio (NASDAQ:PKOH) is scheduled to release its earnings data after the market closes on Wednesday, August 7th.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $417.60 million for the quarter, compared to analyst estimates of $439.00 million. Park-Ohio had a return on equity of 13.93% and a net margin of 0.70%. During the same quarter in the prior year, the company posted $0.72 earnings per share.

Park-Ohio Price Performance

Park-Ohio stock traded down $1.38 during trading hours on Friday, hitting $28.27. The stock had a trading volume of 885 shares, compared to its average volume of 26,165. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.25 and a quick ratio of 1.16. The stock has a market capitalization of $369.49 million, a price-to-earnings ratio of 31.07 and a beta of 1.18. Park-Ohio has a 1-year low of $17.41 and a 1-year high of $31.95. The stock’s fifty day moving average is $26.30 and its two-hundred day moving average is $25.71.

Park-Ohio Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be given a $0.125 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.50 annualized dividend and a dividend yield of 1.77%. Park-Ohio’s dividend payout ratio is currently 54.95%.

Insider Buying and Selling

In other news, Director Edward F. Crawford acquired 10,000 shares of Park-Ohio stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $24.68 per share, with a total value of $246,800.00. Following the purchase, the director now directly owns 761,273 shares of the company’s stock, valued at approximately $18,788,217.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Matthew V. Crawford bought 5,091 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $24.19 per share, for a total transaction of $123,151.29. Following the acquisition, the chief executive officer now owns 869,904 shares in the company, valued at approximately $21,042,977.76. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward F. Crawford bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average price of $24.68 per share, for a total transaction of $246,800.00. Following the completion of the acquisition, the director now owns 761,273 shares in the company, valued at approximately $18,788,217.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 20,802 shares of company stock worth $507,252. 33.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.