Park Electrochemical Corporation (NYSE:PKE) – Equities researchers at Griffin Securities issued their Q1 2019 earnings per share (EPS) estimates for shares of Park Electrochemical in a report released on Monday. Griffin Securities analyst M. Ajzenman anticipates that the semiconductor company will post earnings of $0.08 per share for the quarter. Griffin Securities also issued estimates for Park Electrochemical’s Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.36 EPS.

Park Electrochemical (NYSE:PKE) last posted its quarterly earnings data on Thursday, January 4th. The semiconductor company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Park Electrochemical had a return on equity of 4.69% and a net margin of 4.60%. The firm had revenue of $26.14 million during the quarter, compared to analyst estimates of $28.50 million. During the same period in the prior year, the business posted $0.10 EPS.

A number of other research firms have also commented on PKE. Zacks Investment Research lowered shares of Park Electrochemical from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th. Needham & Company LLC raised their price objective on shares of Park Electrochemical to $24.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. They noted that the move was a valuation call.

Park Electrochemical (NYSE:PKE) traded up $0.49 during trading on Wednesday, reaching $21.71. 404,370 shares of the company were exchanged, compared to its average volume of 243,670. Park Electrochemical has a 1 year low of $16.00 and a 1 year high of $21.94. The company has a quick ratio of 18.39, a current ratio of 19.23 and a debt-to-equity ratio of 0.37. The firm has a market cap of $441.97, a price-to-earnings ratio of 86.84 and a beta of 0.89.

The company also recently disclosed a special dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, January 23rd will be paid a $3.00 dividend. This is a positive change from Park Electrochemical’s previous special dividend of $1.50. The ex-dividend date is Monday, January 22nd. Park Electrochemical’s dividend payout ratio (DPR) is currently 160.00%.

A number of institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its position in Park Electrochemical by 13.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 70,410 shares of the semiconductor company’s stock worth $1,297,000 after buying an additional 8,350 shares in the last quarter. Legal & General Group Plc lifted its position in Park Electrochemical by 12.7% in the 2nd quarter. Legal & General Group Plc now owns 34,578 shares of the semiconductor company’s stock worth $637,000 after buying an additional 3,902 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Park Electrochemical by 57.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock worth $129,000 after buying an additional 2,545 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Park Electrochemical by 32.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 22,422 shares of the semiconductor company’s stock worth $413,000 after buying an additional 5,508 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in Park Electrochemical by 155.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 177,658 shares of the semiconductor company’s stock worth $3,272,000 after buying an additional 108,031 shares in the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

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About Park Electrochemical

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.

Earnings History and Estimates for Park Electrochemical (NYSE:PKE)

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