Park Electrochemical (PKE) Issues Earnings Results

Park Electrochemical (NYSE:PKE) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07), Bloomberg Earnings reports. Park Electrochemical had a net margin of 5.63% and a return on equity of 5.12%. During the same period last year, the firm posted $0.10 earnings per share.

Shares of Park Electrochemical (NYSE:PKE) opened at $20.30 on Friday. The company has a quick ratio of 14.56, a current ratio of 15.23 and a debt-to-equity ratio of 0.37. Park Electrochemical has a one year low of $16.00 and a one year high of $20.98. The company has a market capitalization of $397.87, a P/E ratio of 65.48 and a beta of 0.89.

The company also recently disclosed a special dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, January 23rd will be paid a $3.00 dividend. This is a boost from Park Electrochemical’s previous special dividend of $1.50. Park Electrochemical’s dividend payout ratio (DPR) is 129.03%.

A number of institutional investors have recently made changes to their positions in PKE. FMR LLC acquired a new stake in Park Electrochemical in the second quarter valued at approximately $3,437,000. Kennedy Capital Management Inc. boosted its position in shares of Park Electrochemical by 155.2% during the second quarter. Kennedy Capital Management Inc. now owns 177,658 shares of the semiconductor company’s stock valued at $3,272,000 after buying an additional 108,031 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Park Electrochemical by 4.1% during the second quarter. Vanguard Group Inc. now owns 1,840,125 shares of the semiconductor company’s stock valued at $33,895,000 after buying an additional 73,054 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Park Electrochemical by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,296 shares of the semiconductor company’s stock valued at $20,415,000 after buying an additional 36,736 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Park Electrochemical by 2.4% during the second quarter. Renaissance Technologies LLC now owns 1,073,000 shares of the semiconductor company’s stock valued at $19,765,000 after buying an additional 25,500 shares during the last quarter. 81.82% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Park Electrochemical from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.

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Park Electrochemical 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.

Earnings History for Park Electrochemical (NYSE:PKE)

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