Park Aerospace (NYSE:PKE – Get Free Report) released its quarterly earnings data on Thursday. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03, FiscalAI reports. Park Aerospace had a return on equity of 9.28% and a net margin of 13.14%.The firm had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million.
Park Aerospace Stock Up 2.2%
NYSE PKE traded up $0.79 during mid-day trading on Thursday, hitting $36.36. The stock had a trading volume of 336,774 shares, compared to its average volume of 265,677. Park Aerospace has a 52-week low of $13.48 and a 52-week high of $38.20. The company has a market cap of $724.63 million, a price-to-earnings ratio of 84.56 and a beta of 0.45. The company has a 50 day simple moving average of $31.78 and a 200 day simple moving average of $26.04.
Park Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 2nd. Park Aerospace’s dividend payout ratio (DPR) is presently 116.28%.
Institutional Investors Weigh In On Park Aerospace
Analyst Ratings Changes
Several equities analysts recently weighed in on PKE shares. Weiss Ratings raised Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. Wall Street Zen downgraded Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Check Out Our Latest Stock Analysis on Park Aerospace
About Park Aerospace
Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.
The company operates through two principal segments.
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