For its second fiscal quarter (ending June 30), Park Ohio Holdings Corp. (NASDAQ: PKOH) has reported a 69% increase in E.P.S. from $0.58 a year ago to $0.98 in the current quarter. This performance was $0.10 better than the consensus estimate of $0.88. For the latest four quarters through June 30, E.P.S. were $3.42 compared to $1.20 a year ago — an increase of 185%.
Recent Price Action
Park Ohio Holdings Corp. (NASDAQ: PKOH) stock declined by -4.4% on 8/7/24. The shares closed at $26.36. However, this decline was accompanied by below average trading volume at 81% of normal. The stock has performed in line with the market over the last nine months and has declined -13.8% during the last week.
Current PriceTarget Research Rating
PKOH’s future returns on capital are forecasted to exceed 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 C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Park Ohio Holdings has a neutral Appreciation Score of 49 and a neutral Power Rating of 42, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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