$3.01 EPS Expected for Parker-Hannifin Corp (PH) This Quarter

Wall Street analysts predict that Parker-Hannifin Corp (NYSE:PH) will post earnings of $3.01 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Parker-Hannifin’s earnings. The highest EPS estimate is $3.05 and the lowest is $2.94. Parker-Hannifin reported earnings of $2.80 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that Parker-Hannifin will report full-year earnings of $11.65 per share for the current fiscal year, with EPS estimates ranging from $11.50 to $11.75. For the next financial year, analysts forecast that the company will post earnings of $12.40 per share, with EPS estimates ranging from $12.10 to $12.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Parker-Hannifin.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, January 31st. The industrial products company reported $2.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.10. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Parker-Hannifin had a return on equity of 25.82% and a net margin of 9.69%. During the same period last year, the firm posted $2.15 EPS.

PH has been the topic of a number of research reports. Barclays decreased their price objective on Parker-Hannifin from $186.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. Zacks Investment Research cut Parker-Hannifin from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Robert W. Baird set a $170.00 price objective on Parker-Hannifin and gave the company a “buy” rating in a report on Friday, January 25th. Vertical Research cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 price objective on the stock. in a report on Friday, February 1st. Finally, Stifel Nicolaus cut Parker-Hannifin from a “buy” rating to a “hold” rating and decreased their price objective for the company from $181.00 to $171.00 in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $181.63.

In other news, Director Candy M. Obourn sold 926 shares of Parker-Hannifin stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $162.18, for a total value of $150,178.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Todd M. Leombruno sold 784 shares of Parker-Hannifin stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $177.55, for a total value of $139,199.20. Following the completion of the sale, the vice president now owns 2,913 shares in the company, valued at $517,203.15. The disclosure for this sale can be found here. Insiders sold a total of 10,445 shares of company stock worth $1,814,218 over the last ninety days. Insiders own 1.12% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Machina Capital S.A.S. bought a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $622,000. Norges Bank bought a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $357,950,000. Financial Advocates Investment Management boosted its position in shares of Parker-Hannifin by 100,195.1% during the fourth quarter. Financial Advocates Investment Management now owns 183,540 shares of the industrial products company’s stock valued at $14,541,000 after purchasing an additional 183,357 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $390,000. Finally, Delphi Management Inc. MA bought a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $970,000. Hedge funds and other institutional investors own 81.37% of the company’s stock.

Shares of NYSE PH opened at $177.87 on Friday. The stock has a market cap of $22.20 billion, a P/E ratio of 17.07, a PEG ratio of 1.61 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.01 and a current ratio of 1.52. Parker-Hannifin has a 1-year low of $140.82 and a 1-year high of $193.19.

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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Earnings History and Estimates for Parker-Hannifin (NYSE:PH)

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