Park-Ohio Holdings Corp. (PKOH) Earns Daily Media Sentiment Score of 0.08
News articles about Park-Ohio Holdings Corp. (NASDAQ:PKOH) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Park-Ohio Holdings Corp. earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 44.4405570529486 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- ParkOhio Acquires Heads & All Threads Ltd. to Enhance Their Global Footprint (finance.yahoo.com)
- Park-Ohio Holdings Corp. (PKOH) Rating Reiterated by FBR & Co (americanbankingnews.com)
- Analysts Expect Park-Ohio Holdings Corp. (PKOH) Will Announce Earnings of $0.87 Per Share (americanbankingnews.com)
- Insider Selling: Park-Ohio Holdings Corp. (PKOH) Insider Sells 1,471 Shares of Stock (americanbankingnews.com)
- Park-Ohio Holdings Corp. (PKOH) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
A number of brokerages recently weighed in on PKOH. FBR & Co increased their price target on shares of Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research downgraded shares of Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Park-Ohio Holdings Corp. presently has an average rating of “Buy” and an average price target of $45.00.
Shares of Park-Ohio Holdings Corp. (PKOH) traded up 0.33% during mid-day trading on Friday, reaching $46.05. 7,230 shares of the company’s stock traded hands. The company has a market cap of $561.76 million, a price-to-earnings ratio of 17.43 and a beta of 3.46. Park-Ohio Holdings Corp. has a 12 month low of $30.01 and a 12 month high of $47.00. The company has a 50 day moving average of $41.54 and a 200 day moving average of $38.81.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The firm had revenue of $350.90 million for the quarter, compared to analyst estimates of $355.83 million. Analysts expect that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.
In other news, COO Matthew V. Crawford sold 15,808 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $39.47, for a total transaction of $623,941.76. Following the transaction, the chief operating officer now directly owns 1,032,645 shares of the company’s stock, valued at $40,758,498.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Wert sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total value of $102,000.00. Following the transaction, the director now directly owns 81,695 shares in the company, valued at $3,333,156. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,650 shares of company stock worth $1,647,828. Insiders own 31.00% of the company’s stock.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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