Parker-Hannifin (NYSE:PH) is scheduled to be announcing its earnings results before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $2.51 per share for the quarter. Parker-Hannifin has set its FY18 guidance at $10.70-11.50 EPS.
Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.31. Parker-Hannifin had a return on equity of 24.77% and a net margin of 7.42%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the firm posted $2.45 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. On average, analysts expect Parker-Hannifin to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.
NYSE:PH opened at $145.22 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.59. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. Parker-Hannifin has a twelve month low of $143.00 and a twelve month high of $212.80.
In related news, VP William R. Bowman sold 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $175.36, for a total transaction of $420,864.00. Following the transaction, the vice president now directly owns 1,325 shares in the company, valued at approximately $232,352. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Joseph R. Leonti sold 1,605 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $176.56, for a total value of $283,378.80. Following the transaction, the vice president now owns 15,731 shares in the company, valued at $2,777,465.36. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.
PH has been the topic of several recent research reports. KeyCorp reiterated an “overweight” rating and set a $200.00 price objective (down from $225.00) on shares of Parker-Hannifin in a research report on Friday, July 6th. MED lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $169.00 price objective on the stock. in a research report on Thursday, July 12th. Deutsche Bank set a $169.00 price objective on Parker-Hannifin and gave the company a “hold” rating in a research report on Thursday, July 12th. Goldman Sachs Group lowered Parker-Hannifin from a “buy” rating to a “neutral” rating and set a $164.00 price objective on the stock. in a research report on Monday, July 16th. Finally, Jefferies Financial Group reiterated a “$162.10” rating and set a $170.00 price objective on shares of Parker-Hannifin in a research report on Wednesday, July 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $187.17.
Parker-Hannifin Company Profile
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.
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