Park Electrochemical Corporation (NYSE:PKE) – Investment analysts at Griffin Securities decreased their FY2018 earnings per share estimates for shares of Park Electrochemical in a research note issued to investors on Monday. Griffin Securities analyst M. Ajzenman now expects that the semiconductor company will earn $0.37 per share for the year, down from their prior estimate of $0.54. Griffin Securities also issued estimates for Park Electrochemical’s Q4 2018 earnings at $0.08 EPS.
Park Electrochemical (NYSE:PKE) last released its quarterly earnings results on Thursday, January 4th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07). The company had revenue of $26.14 million during the quarter, compared to analysts’ expectations of $28.50 million. Park Electrochemical had a return on equity of 4.69% and a net margin of 4.60%. During the same quarter in the prior year, the company earned $0.10 EPS.
A number of other equities analysts have also recently weighed in on PKE. Zacks Investment Research cut Park Electrochemical from a “hold” rating to a “sell” rating in a report on Saturday, October 7th. Needham & Company LLC upped their price target on Park Electrochemical to $24.00 and gave the stock a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call.
Park Electrochemical (PKE) traded up $0.34 during midday trading on Thursday, reaching $22.05. The company’s stock had a trading volume of 415,400 shares, compared to its average volume of 151,914. The stock has a market cap of $439.36, a PE ratio of 84.81 and a beta of 0.89. Park Electrochemical has a 52-week low of $16.00 and a 52-week high of $22.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 18.39 and a current ratio of 19.23.
The business also recently declared a special dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd will be issued a $3.00 dividend. The ex-dividend date is Monday, January 22nd. This is a boost from Park Electrochemical’s previous special dividend of $1.50. Park Electrochemical’s dividend payout ratio is currently 153.85%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its holdings in Park Electrochemical by 57.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 2,545 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Park Electrochemical by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,140 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 2,650 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Park Electrochemical by 7.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,480 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 780 shares during the period. Voya Investment Management LLC raised its position in shares of Park Electrochemical by 13.6% in the 2nd quarter. Voya Investment Management LLC now owns 13,071 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 1,561 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Park Electrochemical in the 3rd quarter valued at approximately $254,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.
Park Electrochemical Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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