Parker-Hannifin (NYSE:PH – Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $26.30-27.00 for the period, compared to the consensus EPS estimate of $26.30. The company issued revenue guidance of $20.20-20.80 billion, compared to the consensus revenue estimate of $20.55 billion. Parker-Hannifin also updated its FY 2025 guidance to 26.300-27.000 EPS.
Analyst Upgrades and Downgrades
Several analysts recently commented on PH shares. Raymond James started coverage on shares of Parker-Hannifin in a research report on Friday, June 28th. They set an outperform rating and a $610.00 price target on the stock. Barclays lowered their price target on Parker-Hannifin from $618.00 to $610.00 and set an overweight rating on the stock in a research report on Tuesday, June 4th. Wells Fargo & Company boosted their price target on shares of Parker-Hannifin from $600.00 to $640.00 and gave the stock an overweight rating in a report on Friday. Stifel Nicolaus reduced their price target on shares of Parker-Hannifin from $629.00 to $613.00 and set a buy rating for the company in a research report on Thursday, July 18th. Finally, Argus increased their price objective on Parker-Hannifin from $550.00 to $590.00 and gave the stock a buy rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $615.43.
Check Out Our Latest Report on Parker-Hannifin
Parker-Hannifin Price Performance
Parker-Hannifin (NYSE:PH – Get Free Report) last released its earnings results on Thursday, August 8th. The industrial products company reported $6.77 EPS for the quarter, beating the consensus estimate of $6.22 by $0.55. The business had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.08 billion. Parker-Hannifin had a net margin of 13.95% and a return on equity of 29.40%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $6.08 earnings per share. As a group, equities research analysts expect that Parker-Hannifin will post 24.85 earnings per share for the current year.
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 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.
Read More
- Five stocks we like better than Parker-Hannifin
- Quiet Period Expirations Explained
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- What is the S&P/TSX Index?
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for Parker-Hannifin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin and related companies with MarketBeat.com's FREE daily email newsletter.