$4.67 Earnings Per Share Expected for Parker-Hannifin Co. (NYSE:PH) This Quarter

Analysts expect Parker-Hannifin Co. (NYSE:PHGet Rating) to announce $4.67 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Parker-Hannifin’s earnings. The highest EPS estimate is $4.76 and the lowest is $4.62. Parker-Hannifin posted earnings per share of $4.38 during the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Parker-Hannifin will report full year earnings of $18.23 per share for the current financial year, with EPS estimates ranging from $18.19 to $18.30. For the next fiscal year, analysts anticipate that the firm will report earnings of $19.57 per share, with EPS estimates ranging from $18.73 to $20.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Parker-Hannifin.

Parker-Hannifin (NYSE:PHGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The industrial products company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.22. Parker-Hannifin had a net margin of 10.82% and a return on equity of 27.07%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the prior year, the company posted $4.11 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis.

A number of brokerages have recently commented on PH. Jefferies Financial Group reduced their target price on shares of Parker-Hannifin from $380.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, March 4th. StockNews.com began coverage on shares of Parker-Hannifin in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Stifel Nicolaus reduced their target price on shares of Parker-Hannifin from $384.00 to $338.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. Barclays cut their price objective on shares of Parker-Hannifin from $376.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. Finally, Mizuho cut their price objective on shares of Parker-Hannifin from $305.00 to $290.00 in a report on Friday, May 6th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $356.71.

Shares of NYSE:PH opened at $272.72 on Wednesday. The firm has a market cap of $35.01 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.60 and a beta of 1.57. The firm’s 50 day simple moving average is $275.46 and its 200-day simple moving average is $297.25. Parker-Hannifin has a one year low of $253.33 and a one year high of $340.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.52.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Friday, May 13th will be issued a dividend of $1.33 per share. This represents a $5.32 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, May 12th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.03. Parker-Hannifin’s dividend payout ratio (DPR) is 41.14%.

In other Parker-Hannifin news, Director James L. Wainscott bought 2,000 shares of Parker-Hannifin stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average price of $267.78 per share, with a total value of $535,560.00. Following the completion of the acquisition, the director now directly owns 17,280 shares in the company, valued at approximately $4,627,238.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Wainscott acquired 1,000 shares of the business’s stock in a transaction on Monday, May 9th. The stock was purchased at an average cost of $273.44 per share, with a total value of $273,440.00. Following the acquisition, the director now directly owns 18,280 shares of the company’s stock, valued at approximately $4,998,483.20. The disclosure for this purchase can be found here. Company insiders own 1.47% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PH. Assetmark Inc. increased its stake in shares of Parker-Hannifin by 2,125.0% during the third quarter. Assetmark Inc. now owns 89 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 85 shares in the last quarter. Country Trust Bank purchased a new stake in shares of Parker-Hannifin during the fourth quarter worth about $27,000. Consolidated Planning Corp purchased a new stake in shares of Parker-Hannifin during the third quarter worth about $34,000. Farmers & Merchants Investments Inc. increased its stake in shares of Parker-Hannifin by 48.0% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 111 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 36 shares in the last quarter. Finally, Equitec Proprietary Markets LLC acquired a new position in Parker-Hannifin during the fourth quarter worth about $35,000. 80.55% of the stock is owned by institutional investors.

Parker-Hannifin Company Profile (Get Rating)

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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

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