Attention Seeking Stock: Park Aerospace Corp. (NYSE-PKE)

Park Aerospace Corp. (NYSE-PKE) changed 1.48% to recent value of $11.62. The stock transacted 109329 shares during most recent day however it has an average volume of 199.9K shares. It spotted trading -36.09% off 52-week high price. On the other end, the stock has been noted 27.13% away from the low price over the last 52-weeks.

Park Aerospace Corp. (PKE) stated results for the 2021 fiscal year first quarter ended May 31, 2020. As before stated, Park completed the sale of its Electronics Business to AGC Inc. on December 4, 2018. Therefore, current costs relating to the sale of the Electronics Business are stated as discontinued operations. Continuing operations discussed below refer to Park’s Aerospace Business unless otherwise indicated.

Continuing Operations:

Park stated net sales of $12,213,000 for the 2021 fiscal year first quarter ended May 31, 2020 contrast to $14,950,000 for the 2020 fiscal year first quarter ended June 2, 2019 and $15,494,000 for the 2020 fiscal year fourth quarter ended March 1, 2020.  Net earnings from continuing operations for the 2021 fiscal year first quarter were $1,972,000 contrast to $2,714,000 for the 2020 fiscal year first quarter and $2,633,000 for the 2020 fiscal year fourth quarter.

Net earnings from continuing operations before special items for the 2021 fiscal year first quarter were $1,972,000 contrast to $2,858,000 for the 2020 fiscal year first quarter and $2,787,000 for the 2020 fiscal year fourth quarter. EBITDA from continuing operations for the 2021 fiscal year first quarter was $2,364,000 contrast to EBITDA from continuing operations before special items of $3,372,000 for the 2020 fiscal year first quarter and EBITDA from continuing operations before special items of $3,612,000 for the 2020 fiscal year fourth quarter.

There were no special items in the 2021 fiscal year first quarter. In the 2020 fiscal year first quarter, the Company recorded a one-time tax charge of $144,000 for the write down of deferred tax assets for stock option expirations pertaining to employees who transferred to AGC Inc. in connection with the sale of the Electronics Business. In the 2020 fiscal year fourth quarter, the Company recorded a pre-tax stock option modification charge of $208,000.

Park stated basic and diluted earnings per share from continuing operations of $0.10 for the 2021 fiscal year first quarter contrast to $0.13 for the 2020 fiscal year first quarter and $0.13 for the 2020 fiscal year fourth quarter. Park stated basic and diluted earnings per share from continuing operations before special items of $0.10 for the 2021 fiscal year first quarter contrast to $0.14 for the 2020 fiscal year first quarter and $0.14 for the 2020 fiscal year fourth quarter.

PKE has a gross margin of 31.10% and an operating margin of 17.90% while its profit margin remained 15.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained 60.20% for this year while earning per share for the next 5-years is expected to reach at 15.00%.  The company has 20.52M of outstanding shares and 17.25M shares were floated in the market. According to the most recent quarter its current ratio was 16.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.96% from the mean of 20 days, -8.73% from mean of 50 days SMA and performed -20.80% from mean of 200 days price. Company’s performance for the week was -14.31%, 0.17% for month and YTD performance remained -24.23%.

 

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