Parker-Hannifin Corporation (PH) to Release Quarterly Earnings on Thursday
Parker-Hannifin Corporation (NYSE:PH) will be issuing its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $2.00 per share for the quarter. Parker-Hannifin Corporation has set its FY18 guidance at $8.45-9.15 EPS.
Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the company earned $1.90 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, analysts expect Parker-Hannifin Corporation to post $9.09 EPS for the current fiscal year and $10.23 EPS for the next fiscal year.
Parker-Hannifin Corporation (NYSE PH) traded up 0.86% during midday trading on Tuesday, reaching $183.50. 112,531 shares of the company were exchanged. The firm has a 50-day moving average price of $177.34 and a 200-day moving average price of $164.40. Parker-Hannifin Corporation has a 52 week low of $118.77 and a 52 week high of $185.52. The company has a market capitalization of $24.43 billion, a PE ratio of 25.31 and a beta of 1.42.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.66 dividend. The ex-dividend date is Thursday, November 9th. This represents a $2.64 dividend on an annualized basis and a yield of 1.45%. Parker-Hannifin Corporation’s dividend payout ratio is currently 36.51%.
In other Parker-Hannifin Corporation news, VP Martin C. Maxwell sold 2,640 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $165.67, for a total value of $437,368.80. Following the transaction, the vice president now directly owns 31,718 shares of the company’s stock, valued at approximately $5,254,721.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Scaminace sold 500 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $158.35, for a total transaction of $79,175.00. The disclosure for this sale can be found here. Insiders sold a total of 5,389 shares of company stock worth $878,913 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://theolympiareport.com/2017/10/31/parker-hannifin-corporation-ph-to-release-quarterly-earnings-on-thursday.html.
PH has been the subject of a number of recent research reports. ValuEngine upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets reiterated a “buy” rating and issued a $200.00 price target on shares of Parker-Hannifin Corporation in a research note on Friday, October 20th. Robert W. Baird reiterated a “hold” rating and issued a $183.00 price target on shares of Parker-Hannifin Corporation in a research note on Friday, October 13th. Cowen and Company restated a “hold” rating and set a $140.00 price objective on shares of Parker-Hannifin Corporation in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Parker-Hannifin Corporation presently has an average rating of “Buy” and a consensus price target of $183.00.
Parker-Hannifin Corporation Company Profile
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
Receive News & Ratings for Parker-Hannifin Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.