Revenue Update on Park-Ohio Holdings Corp.(NASDAQ:PKOH)

Park-Ohio Holdings Corp.(NASDAQ:PKOH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $329.40M. Analysts estimated a revenue of $352.57M. Earnings per share were $0.76. Analysts had estimated an EPS of $0.73.

Park-Ohio Holdings Corp. (PKOH) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.06% at a volume of 23,756. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.03. The peak price level was also seen at $34.03 while the days lowest was $33.62. Finally the shares closed at $33.77. The 52-week high of the shares is $44.79 while the 52-week low is $23.2084. According to the latest information available, the market cap of the company is $424 M.

Several Insider Transactions has been reported to the SEC. On May 9, 2016, Aaron Malachi Iii Mixon (director) purchased 4,000 shares at $25.07 per share price.Also, On Mar 21, 2016, Ronna Romney (director) sold 1,900 shares at $41.11 per share price.On Dec 21, 2015, Edward F Crawford (CEO) purchased 4,034 shares at $34.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Park-Ohio Holdings Corp. is a holding company. The Company operates through the subsidiaries owned by its direct subsidiary which is Park-Ohio Industries Inc. Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies Assembly Components and Engineered Products. Supply Technologies provides its customers with Total Supply Management services for a range of high-volume specialty production components. Assembly Components manufactures cast and machined aluminum components automotive and industrial rubber and thermoplastic products gasoline direct injection systems fuel filler and hydraulic assemblies for automotive agricultural equipment construction equipment heavy-duty truck and marine equipment industries. Engineered Products operates a group of manufacturing businesses that design and manufacture a range of products engineered for specific customer applications.

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