Park Aerospace (NYSE:PKE – Get Free Report) released its earnings results on Monday. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03, Zacks reports. Park Aerospace had a net margin of 15.38% and a return on equity of 10.08%.
Park Aerospace Trading Up 0.2%
PKE traded up $0.08 during trading on Monday, reaching $32.52. 255,731 shares of the company were exchanged, compared to its average volume of 296,961. Park Aerospace has a 52 week low of $17.25 and a 52 week high of $39.86. The firm has a 50 day moving average of $34.22 and a 200 day moving average of $29.76. The stock has a market cap of $678.93 million, a P/E ratio of 58.06 and a beta of 0.39.
Park Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, July 1st. Park Aerospace’s dividend payout ratio is presently 89.29%.
Institutional Trading of Park Aerospace
Wall Street Analyst Weigh In
Several brokerages recently weighed in on PKE. Wall Street Zen lowered Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Citigroup initiated coverage on Park Aerospace in a report on Tuesday, June 9th. They set an “outperform” rating on the stock. Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Needham & Company LLC initiated coverage on Park Aerospace in a report on Monday, July 13th. They issued a “buy” rating and a $43.00 price target for the company. Finally, Citizens Jmp initiated coverage on Park Aerospace in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Park Aerospace has an average rating of “Buy” and a consensus target price of $42.50.
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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