Shares of Park Electrochemical Corporation (NYSE:PKE) have been assigned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company.

Analysts have set a 12-month consensus price objective of $25.00 for the company and are anticipating that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Park Electrochemical Corporation an industry rank of 82 out of 265 based on the ratings given to related companies.

Several research firms have commented on PKE. BidaskClub lowered shares of Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Park Electrochemical Corporation in a research report on Friday, September 1st.

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Shares of Park Electrochemical Corporation (NYSE PKE) traded down $0.04 during trading on Thursday, reaching $18.74. 47,400 shares of the company’s stock traded hands, compared to its average volume of 57,506. The company has a current ratio of 15.23, a quick ratio of 14.56 and a debt-to-equity ratio of 0.37. Park Electrochemical Corporation has a one year low of $16.00 and a one year high of $20.24. The company has a market cap of $379.24, a PE ratio of 39.87 and a beta of 0.89.

Park Electrochemical Corporation (NYSE:PKE) last issued its earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). Park Electrochemical Corporation had a return on equity of 5.12% and a net margin of 5.63%. The business had revenue of $29.84 million for the quarter, compared to the consensus estimate of $28.00 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. research analysts predict that Park Electrochemical Corporation will post 0.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, October 2nd. Park Electrochemical Corporation’s payout ratio is 129.03%.

Several hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund lifted its position in shares of Park Electrochemical Corporation by 0.8% during the second quarter. Texas Permanent School Fund now owns 13,887 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 116 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Park Electrochemical Corporation by 4.1% during the first quarter. Thrivent Financial For Lutherans now owns 10,700 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 420 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Park Electrochemical Corporation by 1.9% during the second quarter. Alliancebernstein L.P. now owns 26,156 shares of the semiconductor company’s stock valued at $482,000 after buying an additional 500 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Park Electrochemical Corporation by 0.8% during the first quarter. California Public Employees Retirement System now owns 89,000 shares of the semiconductor company’s stock valued at $1,590,000 after buying an additional 700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Park Electrochemical Corporation by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 16,652 shares of the semiconductor company’s stock valued at $306,000 after buying an additional 802 shares during the last quarter. 80.66% of the stock is owned by institutional investors and hedge funds.

Park Electrochemical Corporation 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.

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