Alert: New Earnings Report (7/16/24)-Park Aerospace Corp (NYSE: PKE).

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Park Aerospace Corp (NYSE: PKE) has reported E.P.S. of $0.05 for its first fiscal quarter (ending May 31) versus $0.09 for the same period a year ago — a decline of -44%. For the latest four quarters through May 31, E.P.S. were $0.33 versus $0.52 for the same period a year ago — a decline of -37%.

Recent Price Action

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On 7/16/24, Park Aerospace Corp (NYSE: PKE) stock enjoyed a large increase of 2.4%, closing at $14.37. Moreover, trading volume in this advance was exceptionally high at 316% of normal. The stock has been weak relative to the market over the last nine months but has risen 8.3% during the last week.

Current PriceTarget Research Rating

PKE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Park Aerospace has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Park Aerospace has a slightly negative Power Rating of 38 and a very low Appreciation Score of 13, resulting in the Lowest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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