Park-Ohio (PKOH) Projected to Post Quarterly Earnings on Monday

Park-Ohio (NASDAQ:PKOH) is anticipated to announce its earnings results before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of $0.66 per share and revenue of $405.85 million for the quarter.

Park-Ohio Stock Performance

Park-Ohio stock opened at $23.78 on Monday. The company has a 50 day moving average price of $25.39 and a 200-day moving average price of $28.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45. Park-Ohio has a fifty-two week low of $22.74 and a fifty-two week high of $34.50. The company has a market capitalization of $333.92 million, a PE ratio of 19.02 and a beta of 1.20.

Park-Ohio Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, February 7th. Park-Ohio’s dividend payout ratio (DPR) is 40.00%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Insider Buying and Selling

In other news, Director Patrick V. Auletta sold 9,800 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the transaction, the director now directly owns 12,135 shares of the company’s stock, valued at approximately $381,403.05. This represents a 44.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the transaction, the insider now directly owns 187,764 shares in the company, valued at approximately $5,946,485.88. The trade was a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 33.04% of the stock is currently owned by insiders.

About Park-Ohio

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.