Park Aerospace (NYSE:PKE) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Park Aerospace (NYSE:PKEGet 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

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in Park Aerospace by 64.4% during the 4th quarter. Millennium Management LLC now owns 110,831 shares of the semiconductor company’s stock valued at $2,365,000 after buying an additional 43,415 shares during the last quarter. AQR Capital Management LLC grew its holdings in Park Aerospace by 51.7% during the 4th quarter. AQR Capital Management LLC now owns 18,762 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 6,391 shares during the last quarter. Trexquant Investment LP acquired a new stake in Park Aerospace during the 4th quarter valued at $559,000. Price T Rowe Associates Inc. MD grew its holdings in Park Aerospace by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,238 shares of the semiconductor company’s stock valued at $1,094,000 after buying an additional 5,237 shares during the last quarter. Finally, &PARTNERS grew its holdings in Park Aerospace by 5.8% during the 4th quarter. &PARTNERS now owns 21,623 shares of the semiconductor company’s stock valued at $461,000 after buying an additional 1,194 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

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

(Get Free Report)

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.

See Also

Earnings History for Park Aerospace (NYSE:PKE)

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