Park Aerospace (NYSE:PKE) Posts Earnings Results, Beats Expectations By $0.05 EPS

Park Aerospace (NYSE:PKE) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05, FiscalAI reports. The company had revenue of $20.79 million for the quarter, compared to the consensus estimate of $20.01 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Park Aerospace Trading Up 2.0%

Shares of PKE traded up $0.58 during midday trading on Thursday, reaching $29.84. 800,233 shares of the company were exchanged, compared to its average volume of 287,975. The stock has a 50-day moving average price of $32.77 and a 200-day moving average price of $32.98. The company has a market cap of $648.93 million, a price-to-earnings ratio of 47.36 and a beta of 0.39. Park Aerospace has a 1-year low of $18.25 and a 1-year high of $39.86.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Thursday, October 1st will be given a $0.1250 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.50 annualized dividend and a yield of 1.7%. Park Aerospace’s dividend payout ratio (DPR) is 79.37%.

Insider Activity

In other news, insider Constantine Petropoulos sold 2,500 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.00, for a total value of $90,000.00. Following the completion of the sale, the insider owned 2,500 shares in the company, valued at approximately $90,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.10% of the company’s stock.

Analyst Ratings Changes

PKE has been the topic of a number of recent analyst reports. Citigroup reiterated a “market outperform” rating on shares of Park Aerospace in a research note on Tuesday, July 21st. Weiss Ratings downgraded Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Park Aerospace in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut Park Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Park Aerospace Company Profile

Park Aerospace Corp. (NYSE:PKE) is an aerospace manufacturing company that develops and produces advanced composite materials and composite structures. Its products are used in the manufacture of aircraft and other aerospace systems, where lightweight, high-strength materials are important for performance and fuel efficiency.

The company’s offerings include carbon fiber and other composite materials, prepregs, film adhesives, honeycomb and other core materials, and fabricated composite parts.