Park-Ohio (NASDAQ:PKOH) Issues FY 2025 Earnings Guidance

Key Points

• Park-Ohio has issued FY 2025 earnings guidance expecting EPS between $2.900 and $3.200, which is below the consensus estimate of $3.240.
• The company reported a quarterly revenue of $400.10 million, missing the analysts' expectations of $416.10 million.
• Park-Ohio declared a quarterly dividend of $0.125 per share, representing an annual yield of 2.8%.

Park-Ohio (NASDAQ:PKOH - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.900-3.200 for the period, compared to the consensus estimate of 3.240. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Park-Ohio Stock Up 2.3%

NASDAQ:PKOH traded up $0.41 on Monday, hitting $18.19. 26,746 shares of the company's stock were exchanged, compared to its average volume of 27,283. The firm has a 50-day moving average price of $17.57 and a 200-day moving average price of $20.21. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.60 and a quick ratio of 1.33. Park-Ohio has a 52 week low of $15.52 and a 52 week high of $34.50. The company has a market cap of $258.84 million, a P/E ratio of 8.96 and a beta of 1.30.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%. The firm had revenue of $400.10 million for the quarter, compared to analyst estimates of $416.10 million.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 1st. Park-Ohio's dividend payout ratio is 24.63%.

Hedge Funds Weigh In On Park-Ohio

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company's stock worth $118,000 after buying an additional 527 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio during the first quarter valued at about $80,000. Finally, Geode Capital Management LLC raised its position in Park-Ohio by 4.6% in the second quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company's stock worth $3,938,000 after acquiring an additional 9,656 shares during the period. Institutional investors own 51.38% of the company's stock.

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.