Park National Co. (NYSE:PRK) Expected to Post Earnings of $2.02 Per Share

Brokerages expect Park National Co. (NYSE:PRKGet Rating) to report earnings of $2.02 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Park National’s earnings. The lowest EPS estimate is $2.00 and the highest is $2.04. Park National posted earnings of $2.47 per share in the same quarter last year, which would indicate a negative year over year growth rate of 18.2%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Park National will report full year earnings of $8.44 per share for the current fiscal year, with EPS estimates ranging from $8.12 to $8.64. For the next year, analysts expect that the company will report earnings of $8.50 per share, with EPS estimates ranging from $8.32 to $8.67. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Park National.

Separately, StockNews.com started coverage on Park National in a research report on Thursday, March 31st. They set a “hold” rating for the company.

Shares of Park National stock opened at $116.76 on Wednesday. Park National has a one year low of $108.51 and a one year high of $145.33. The stock has a market cap of $1.90 billion, a PE ratio of 12.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85.

Park National Company Profile (Get Rating)

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.

Further Reading

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