Park-Ohio Holdings lowers FY12 EPS to $2.45-$2.55 from $2.60-$2.70 One estimate $3.45. The FY12 EPS view includes a 69c per diluted share for the unusual $13M pre-tax litigation settlement charge in Q2.
Park-Ohio selloff likely overdone, says FBR Capital FBR Capital says the post Q4 earnings selloff in shares of Park-Ohio is likely overdone. The firm sees a "number of positives" in the story and believes the valuation has become "very attractive." It keeps an Outperform rating on Park-Ohio with a $65 price target.