Park Electrochemical Corp. Stock Upgraded (PKE)
- PKE has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 12.60, which clearly demonstrates the ability to cover short-term cash needs.
- The revenue fell significantly faster than the industry average of 38.6%. Since the same quarter one year prior, revenues slightly dropped by 7.4%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
- The change in net income from the same quarter one year ago has significantly exceeded that of the Electronic Equipment, Instruments & Components industry average, but is less than that of the S&P 500. The net income has decreased by 18.8% when compared to the same quarter one year ago, dropping from $9.45 million to $7.67 million.
- After a year of stock price fluctuations, the net result is that PKE's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- PARK ELECTROCHEMICAL CORP's earnings per share declined by 19.6% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, PARK ELECTROCHEMICAL CORP increased its bottom line by earning $1.58 versus $1.23 in the prior year. For the next year, the market is expecting a contraction of 7.3% in earnings ($1.47 versus $1.58).
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