Brokerages predict that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will report sales of $350.53 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Park-Ohio Holdings Corp.’s earnings. The highest sales estimate is $359.90 million and the lowest is $335.90 million. Park-Ohio Holdings Corp. posted sales of $306.80 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The company is scheduled to report its next earnings results on Tuesday, March 6th.

On average, analysts expect that Park-Ohio Holdings Corp. will report full-year sales of $350.53 million for the current fiscal year, with estimates ranging from $1.38 billion to $1.41 billion. For the next financial year, analysts anticipate that the business will report sales of $1.48 billion per share, with estimates ranging from $1.44 billion to $1.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Park-Ohio Holdings Corp..

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio Holdings Corp. had a return on equity of 14.79% and a net margin of 2.16%.

A number of brokerages have recently weighed in on PKOH. ValuEngine cut shares of Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. FBR & Co reissued a “hold” rating on shares of Park-Ohio Holdings Corp. in a research report on Thursday, October 5th. Zacks Investment Research cut shares of Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. B. Riley reissued a “neutral” rating on shares of Park-Ohio Holdings Corp. in a research report on Wednesday, November 1st. Finally, BidaskClub raised shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Park-Ohio Holdings Corp. has a consensus rating of “Hold” and a consensus target price of $44.67.

In related news, COO Matthew V. Crawford sold 15,808 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the sale, the chief operating officer now directly owns 1,032,645 shares of the company’s stock, valued at approximately $40,758,498.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Matthew V. Crawford sold 4,192 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $40.21, for a total transaction of $168,560.32. Following the completion of the sale, the chief operating officer now directly owns 1,016,145 shares in the company, valued at $40,859,190.45. The disclosure for this sale can be found here. Insiders sold a total of 39,650 shares of company stock worth $1,647,828 over the last ninety days. 31.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Park-Ohio Holdings Corp. by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 366,734 shares of the industrial products company’s stock valued at $13,185,000 after acquiring an additional 17,097 shares in the last quarter. Morgan Stanley increased its stake in Park-Ohio Holdings Corp. by 5.8% in the 1st quarter. Morgan Stanley now owns 47,465 shares of the industrial products company’s stock valued at $1,706,000 after buying an additional 2,618 shares during the last quarter. Royce & Associates LP increased its stake in Park-Ohio Holdings Corp. by 20.3% in the 2nd quarter. Royce & Associates LP now owns 142,080 shares of the industrial products company’s stock valued at $5,413,000 after buying an additional 23,958 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Park-Ohio Holdings Corp. by 254.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 17,641 shares of the industrial products company’s stock valued at $672,000 after buying an additional 12,660 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Park-Ohio Holdings Corp. by 11.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 6,180 shares of the industrial products company’s stock valued at $235,000 after buying an additional 622 shares during the last quarter. 55.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded down $0.20 during midday trading on Monday, hitting $41.90. 14,200 shares of the stock were exchanged, compared to its average volume of 19,973. The company has a market capitalization of $525.03, a PE ratio of 13.83 and a beta of 3.52. Park-Ohio Holdings Corp. has a 52 week low of $34.25 and a 52 week high of $47.80. The company has a current ratio of 2.36, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be given a $0.125 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.50 annualized dividend and a yield of 1.19%. Park-Ohio Holdings Corp.’s dividend payout ratio is currently 21.19%.

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About Park-Ohio Holdings Corp.

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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Earnings History and Estimates for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

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