Park Ohio Holdings Corp. (NASDAQ: PKOH) has reported E.P.S. of $0.85 for its first fiscal quarter (ending March 31) versus $0.61 for the same period a year ago — an increase of 39%. However, this performance was $-0.09 short of the consensus estimate of $0.94. E.P.S. were $3.00 for the latest four quarters through March 31 versus $1.14 for the same period a year ago — an increase of 163%.
Recent Price Action
Park Ohio Holdings Corp. (NASDAQ: PKOH) stock increased 2.0% on 4/29/24. The shares closed at $24.56. However, below average trading volume at 79% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
PKOH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Park Ohio Holdings has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Park Ohio Holdings has a neutral Appreciation Score of 56 but a good Power Rating of 80, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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