Parker-Hannifin (PH) to Release Earnings on Thursday

Parker-Hannifin (NYSE:PH) will issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $6.22 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Parker-Hannifin Trading Up 2.2 %

NYSE:PH opened at $517.64 on Wednesday. The company’s 50 day moving average is $524.52 and its 200-day moving average is $529.98. The company has a quick ratio of 0.50, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Parker-Hannifin has a 12 month low of $362.49 and a 12 month high of $570.15. The firm has a market cap of $66.54 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.04 and a beta of 1.44.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. KeyCorp upped their price objective on shares of Parker-Hannifin from $575.00 to $640.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Barclays decreased their price objective on Parker-Hannifin from $618.00 to $610.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Argus lifted their price target on shares of Parker-Hannifin from $550.00 to $590.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Stifel Nicolaus dropped their price objective on shares of Parker-Hannifin from $629.00 to $613.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Mizuho upgraded shares of Parker-Hannifin from a “neutral” rating to a “buy” rating and lifted their target price for the company from $550.00 to $650.00 in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $584.21.

About Parker-Hannifin

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 Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.