Park Aerospace (NYSE:PKE) Issues Earnings Results

Park Aerospace (NYSE:PKE – Get Free Report) released its quarterly earnings data on Thursday. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05, FiscalAI reports. The company had revenue of $20.79 million during the quarter, compared to analysts’ expectations of $20.01 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Park Aerospace Price Performance

Park Aerospace stock traded up $0.58 during midday trading on Thursday, reaching $29.84. The company had a trading volume of 818,625 shares, compared to its average volume of 289,096. Park Aerospace has a 12-month low of $18.25 and a 12-month high of $39.86. The company has a market capitalization of $648.93 million, a P/E ratio of 47.36 and a beta of 0.39. The firm’s fifty day simple moving average is $32.77 and its 200-day simple moving average is $32.98.

Park Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Thursday, October 1st will be paid a $0.1250 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. Park Aerospace’s dividend payout ratio (DPR) is currently 79.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PKE. Citigroup restated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Park Aerospace in a research report on Tuesday, July 21st. Weiss Ratings lowered Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Wall Street Zen cut Park Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Read Our Latest Report on PKE

Insider Buying and Selling

In other Park Aerospace news, insider Constantine Petropoulos sold 2,500 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider owned 2,500 shares of the company’s stock, valued at $90,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.10% of the company’s stock.

About Park Aerospace

(Get Free Report)

Park Aerospace Corp. (NYSE:PKE) is an aerospace manufacturing company that develops and produces advanced composite materials and composite structures. Its products are used in the manufacture of aircraft and other aerospace systems, where lightweight, high-strength materials are important for performance and fuel efficiency.

The company’s offerings include carbon fiber and other composite materials, prepregs, film adhesives, honeycomb and other core materials, and fabricated composite parts.

Further Reading

Earnings History for Park Aerospace (NYSE:PKE)

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