Park Electrochemical Corporation (NYSE:PKE) has received an average broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Brokerages have set a 12-month consensus price objective of $25.00 for the company and are anticipating that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned Park Electrochemical Corporation an industry rank of 51 out of 265 based on the ratings given to related companies.
Several analysts recently issued reports on PKE shares. Zacks Investment Research cut Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Park Electrochemical Corporation in a research report on Friday, September 1st. Finally, BidaskClub cut Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.
Park Electrochemical Corporation (NYSE PKE) traded down $0.15 during trading hours on Thursday, hitting $18.59. The company had a trading volume of 39,000 shares, compared to its average volume of 53,854. The company has a debt-to-equity ratio of 0.37, a current ratio of 15.23 and a quick ratio of 14.56. Park Electrochemical Corporation has a 12-month low of $16.00 and a 12-month high of $20.24. The stock has a market capitalization of $376.21, a PE ratio of 39.87 and a beta of 0.89.
Park Electrochemical Corporation (NYSE:PKE) last released its earnings results on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Park Electrochemical Corporation had a return on equity of 5.12% and a net margin of 5.63%. The business had revenue of $29.84 million for the quarter, compared to analysts’ expectations of $28.00 million. During the same quarter in the prior year, the business posted $0.10 EPS. research analysts predict that Park Electrochemical Corporation will post 0.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Monday, October 2nd. Park Electrochemical Corporation’s payout ratio is presently 129.03%.
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A number of institutional investors have recently made changes to their positions in PKE. Parametric Portfolio Associates LLC boosted its stake in Park Electrochemical Corporation by 2.1% during the first quarter. Parametric Portfolio Associates LLC now owns 41,967 shares of the semiconductor company’s stock valued at $750,000 after buying an additional 861 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Park Electrochemical Corporation by 3.6% during the first quarter. Principal Financial Group Inc. now owns 144,573 shares of the semiconductor company’s stock valued at $2,582,000 after buying an additional 5,083 shares during the last quarter. California Public Employees Retirement System boosted its stake in Park Electrochemical Corporation by 0.8% during the first quarter. California Public Employees Retirement System now owns 89,000 shares of the semiconductor company’s stock valued at $1,590,000 after buying an additional 700 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Park Electrochemical Corporation by 4.1% during the first quarter. Thrivent Financial For Lutherans now owns 10,700 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 420 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Park Electrochemical Corporation by 6.6% during the first quarter. Vanguard Group Inc. now owns 1,767,071 shares of the semiconductor company’s stock valued at $31,560,000 after buying an additional 109,964 shares during the last quarter. 80.70% of the stock is owned by institutional investors.
Park Electrochemical Corporation Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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