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
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
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.
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