Park-Ohio (NASDAQ:PKOH) Posts Earnings Results, Beats Expectations By $0.09 EPS

Park-Ohio (NASDAQ:PKOH) announced its quarterly earnings data on Monday. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09, Yahoo Finance reports. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same quarter in the previous year, the firm earned $0.72 earnings per share.

Park-Ohio Stock Up 2.0 %

NASDAQ:PKOH opened at $24.56 on Tuesday. Park-Ohio has a 1 year low of $12.34 and a 1 year high of $28.79. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 2.18. The stock has a market cap of $321.00 million, a price-to-earnings ratio of 38.98 and a beta of 1.23. The stock has a 50-day moving average price of $25.27 and a two-hundred day moving average price of $24.80.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.04%. Park-Ohio’s payout ratio is 79.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling at Park-Ohio

In other Park-Ohio news, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.02, for a total value of $27,020.00. Following the completion of the transaction, the director now directly owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director James W. Wert sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total value of $38,970.00. Following the sale, the director now directly owns 82,690 shares in the company, valued at $2,148,286.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $27.02, for a total value of $27,020.00. Following the completion of the sale, the director now owns 84,190 shares in the company, valued at $2,274,813.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,500 shares of company stock valued at $91,990. Company insiders own 33.26% of the company’s stock.

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. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.