Park-Ohio Holdings Corp. (PKOH) Expected to Post Quarterly Sales of $376.33 Million

Wall Street analysts predict that Park-Ohio Holdings Corp. (NASDAQ:PKOH) will announce sales of $376.33 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Park-Ohio’s earnings. The lowest sales estimate is $369.70 million and the highest is $381.00 million. Park-Ohio reported sales of $343.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.5%. The business is expected to announce its next earnings results on Monday, May 14th.

On average, analysts expect that Park-Ohio will report full-year sales of $1.54 billion for the current fiscal year, with estimates ranging from $1.53 billion to $1.54 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Park-Ohio.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, March 5th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $356.10 million. Park-Ohio had a net margin of 2.02% and a return on equity of 15.04%.

Several analysts have commented on the stock. TheStreet cut shares of Park-Ohio from a “b-” rating to a “c+” rating in a research note on Wednesday, April 11th. BidaskClub cut shares of Park-Ohio from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. ValuEngine cut shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.00.

PKOH stock traded down $0.10 during mid-day trading on Tuesday, hitting $38.85. The company had a trading volume of 20,173 shares, compared to its average volume of 21,020. The stock has a market cap of $492.62, a P/E ratio of 12.03 and a beta of 2.79. Park-Ohio has a 12-month low of $34.33 and a 12-month high of $47.90. The company has a quick ratio of 1.40, a current ratio of 2.43 and a debt-to-equity ratio of 1.79.

Several hedge funds and other institutional investors have recently made changes to their positions in PKOH. Bank of New York Mellon Corp raised its position in shares of Park-Ohio by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 76,337 shares of the industrial products company’s stock valued at $3,480,000 after buying an additional 1,134 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Park-Ohio by 48.5% during the 3rd quarter. Wells Fargo & Company MN now owns 14,445 shares of the industrial products company’s stock valued at $658,000 after purchasing an additional 4,721 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Park-Ohio by 9.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 40,028 shares of the industrial products company’s stock valued at $1,826,000 after purchasing an additional 3,519 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Park-Ohio by 6.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 762,438 shares of the industrial products company’s stock valued at $34,767,000 after purchasing an additional 45,070 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in Park-Ohio by 117.3% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 11,300 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 6,100 shares during the last quarter. Hedge funds and other institutional investors own 55.27% of the company’s stock.

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Park-Ohio Company Profile

Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, 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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