Park Aerospace (NYSE:PKE) Announces Earnings Results

Park Aerospace (NYSE:PKE) released its quarterly earnings results on Tuesday. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Stock Up 1.9 %

PKE stock opened at $14.24 on Wednesday. The stock has a market capitalization of $284.26 million, a price-to-earnings ratio of 41.88 and a beta of 0.43. Park Aerospace has a twelve month low of $11.96 and a twelve month high of $16.96. The firm’s fifty day simple moving average is $14.73 and its two-hundred day simple moving average is $13.87.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.125 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.51%. Park Aerospace’s payout ratio is 147.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Park Aerospace from a “buy” rating to a “hold” rating in a research note on Tuesday.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.