Park-Ohio (PKOH) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Park-Ohio (NASDAQ:PKOH) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Park-Ohio earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 41.0006905015277 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- ETFs with exposure to Park-Ohio Holdings Corp. : December 29, 2017 (finance.yahoo.com)
- Park-Ohio (PKOH) Lifted to Buy at BidaskClub (americanbankingnews.com)
- Park-Ohio Holdings Corp. :PKOH-US: Earnings Analysis: Q3, 2017 By the Numbers : December 28, 2017 (finance.yahoo.com)
- Park-Ohio Holdings Corp. is trading above its 50 day moving average : PKOH-US : December 28, 2017 (finance.yahoo.com)
PKOH has been the subject of several analyst reports. ValuEngine raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. FBR & Co reissued a “hold” rating on shares of Park-Ohio in a report on Thursday, October 5th. Finally, B. Riley reissued a “neutral” rating on shares of Park-Ohio in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.00.
Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.05). Park-Ohio had a net margin of 2.16% and a return on equity of 14.79%. The company had revenue of $352.20 million during the quarter, compared to analysts’ expectations of $345.17 million. equities research analysts anticipate that Park-Ohio will post 3.18 EPS for the current year.
In other Park-Ohio news, COO Matthew V. Crawford sold 4,122 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $44.38, for a total value of $182,934.36. Following the completion of the transaction, the chief operating officer now directly owns 997,433 shares of the company’s stock, valued at $44,266,076.54. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert D. Vilsack sold 1,093 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $46.91, for a total transaction of $51,272.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,715 shares of company stock valued at $1,008,612. 31.00% of the stock is currently owned by corporate insiders.
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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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