Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Investment analysts at B. Riley issued their Q2 2020 EPS estimates for shares of Park-Ohio in a research note issued on Tuesday, July 28th. B. Riley analyst S. Sherbetchyan anticipates that the industrial products company will post earnings per share of ($0.94) for the quarter. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Park-Ohio’s Q3 2020 earnings at ($0.17) EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at ($0.69) EPS and Q4 2021 earnings at $0.61 EPS.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.44). Park-Ohio had a return on equity of 10.50% and a net margin of 1.83%. The company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $385.53 million.

Several other brokerages have also recently weighed in on PKOH. Sidoti reduced their price objective on Park-Ohio from $36.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. KeyCorp reduced their price objective on Park-Ohio from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. ValuEngine raised Park-Ohio from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Zacks Investment Research raised Park-Ohio from a “sell” rating to a “hold” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Park-Ohio currently has an average rating of “Hold” and a consensus price target of $23.00.

Shares of NASDAQ PKOH opened at $14.42 on Friday. The business’s 50 day moving average is $15.68 and its two-hundred day moving average is $19.67. The company has a debt-to-equity ratio of 1.84, a current ratio of 2.46 and a quick ratio of 1.33. Park-Ohio has a 1-year low of $10.78 and a 1-year high of $36.11. The stock has a market capitalization of $179.67 million, a P/E ratio of 6.24 and a beta of 1.76.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Park-Ohio by 28.0% during the first quarter. State Street Corp now owns 219,607 shares of the industrial products company’s stock valued at $4,159,000 after buying an additional 48,003 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Park-Ohio by 18.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 57,391 shares of the industrial products company’s stock worth $1,087,000 after purchasing an additional 9,084 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Park-Ohio by 76.5% in the first quarter. Parametric Portfolio Associates LLC now owns 32,206 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 13,962 shares in the last quarter. BlackRock Inc. lifted its holdings in Park-Ohio by 0.3% during the first quarter. BlackRock Inc. now owns 626,146 shares of the industrial products company’s stock worth $11,861,000 after buying an additional 1,780 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Park-Ohio by 97.5% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 40,300 shares of the industrial products company’s stock worth $763,000 after buying an additional 19,900 shares during the period. 53.06% of the stock is currently owned by hedge funds and other institutional investors.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

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

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