Park Aerospace Corp. to Issue Quarterly Dividend of $0.12 (NYSE:PKE)

Key Points

• Park Aerospace declared a quarterly dividend of $0.125 per share, payable November 4 to shareholders of record on October 1; the stock’s dividend yield is approximately 1.5%.
• In its latest quarter, the company reported EPS of $0.17 and revenue of $18.31 million, exceeding analyst estimates of $0.14 EPS and $17.95 million in revenue.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $42.50, compared with the stock’s reported price of $32.26.

Park Aerospace Corp. (NYSE:PKE - Get Free Report) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.125 per share by the semiconductor company on Wednesday, November 4th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, October 1st.

Park Aerospace has raised its dividend by an average of 0.0%annually over the last three years.

Park Aerospace Stock Performance

NYSE:PKE opened at $32.26 on Wednesday. The company has a market cap of $701.73 million, a price-to-earnings ratio of 51.21 and a beta of 0.40. The stock has a fifty day moving average price of $34.72 and a 200-day moving average price of $32.53. Park Aerospace has a fifty-two week low of $18.19 and a fifty-two week high of $39.86.

Park Aerospace (NYSE:PKE - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $18.31 million during the quarter, compared to the consensus estimate of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $43.00 target price on shares of Park Aerospace in a research report on Tuesday, July 21st. Wall Street Zen lowered Park Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Citigroup reaffirmed a "market outperform" rating on shares of Park Aerospace in a report on Tuesday, July 21st. Weiss Ratings upgraded Park Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 27th. Finally, Citizens Jmp began coverage on Park Aerospace in a report on Tuesday, June 9th. They issued a "market outperform" rating and a $42.00 price target on the stock. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $42.50.

Park Aerospace Company Profile

Park Aerospace NYSE: PKE is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.

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