Park-Ohio Holdings Corp. to Post Q1 2018 Earnings of $0.91 Per Share, KeyCorp Forecasts (PKOH)

Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Stock analysts at KeyCorp upped their Q1 2018 earnings estimates for shares of Park-Ohio Holdings Corp. in a research note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings per share of $0.91 for the quarter, up from their prior estimate of $0.87. KeyCorp also issued estimates for Park-Ohio Holdings Corp.’s Q3 2018 earnings at $1.01 EPS.

Several other brokerages also recently commented on PKOH. ValuEngine downgraded Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reaffirmed a “hold” rating on shares of Park-Ohio Holdings Corp. in a report on Thursday, October 5th. Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. B. Riley reaffirmed a “neutral” rating on shares of Park-Ohio Holdings Corp. in a report on Wednesday, November 1st. Finally, BidaskClub raised Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.67.

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Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at $46.80 on Monday. Park-Ohio Holdings Corp. has a fifty-two week low of $34.25 and a fifty-two week high of $47.80. The company has a market capitalization of $561.37, a price-to-earnings ratio of 14.78 and a beta of 3.52. The company has a current ratio of 2.36, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). Park-Ohio Holdings Corp. had a net margin of 2.16% and a return on equity of 14.79%. The firm had revenue of $352.20 million during the quarter, compared to analyst estimates of $345.17 million.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, November 13th. Park-Ohio Holdings Corp.’s dividend payout ratio is currently 21.19%.

In related news, insider Robert D. Vilsack sold 1,471 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $45.75, for a total value of $67,298.25. Following the completion of the sale, the insider now directly owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Matthew V. Crawford sold 15,808 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $39.47, for a total value of $623,941.76. Following the completion of the sale, the chief operating officer now directly owns 1,032,645 shares of the company’s stock, valued at $40,758,498.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,150 shares of company stock valued at $1,545,828. Company insiders own 31.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in Park-Ohio Holdings Corp. by 0.7% in the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 37 shares during the last quarter. American International Group Inc. increased its position in Park-Ohio Holdings Corp. by 7.1% in the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 346 shares during the last quarter. Bank of New York Mellon Corp increased its position in Park-Ohio Holdings Corp. by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,203 shares of the industrial products company’s stock worth $2,866,000 after purchasing an additional 404 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Park-Ohio Holdings Corp. by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,473 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 452 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Park-Ohio Holdings Corp. by 4.0% in the 2nd quarter. Teachers Advisors LLC now owns 15,695 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 603 shares during the last quarter. 55.55% of the stock is currently owned by institutional investors.

About Park-Ohio Holdings Corp.

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

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

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