Zacks: Analysts Expect Park National Co. (NYSE:PRK) Will Announce Quarterly Sales of $110.50 Million

Wall Street analysts forecast that Park National Co. (NYSE:PRKGet Rating) will announce sales of $110.50 million for the current quarter, according to Zacks. Three analysts have provided estimates for Park National’s earnings, with estimates ranging from $109.81 million to $110.90 million. Park National posted sales of $115.09 million in the same quarter last year, which would indicate a negative year over year growth rate of 4%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Park National will report full-year sales of $446.80 million for the current fiscal year, with estimates ranging from $445.90 million to $448.50 million. For the next financial year, analysts expect that the firm will post sales of $468.65 million, with estimates ranging from $458.46 million to $476.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Park National.

Park National (NYSE:PRKGet Rating) last released its quarterly earnings results on Friday, April 22nd. The company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.54. The business had revenue of $109.34 million during the quarter, compared to the consensus estimate of $110.02 million. Park National had a return on equity of 13.66% and a net margin of 31.96%.

Separately, StockNews.com assumed coverage on Park National in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of NYSE:PRK opened at $121.33 on Friday. The firm’s 50 day moving average is $120.68. Park National has a 12-month low of $108.51 and a 12-month high of $145.33. The stock has a market capitalization of $1.97 billion, a PE ratio of 13.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85.

About Park National (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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