Parker-Hannifin (PH) Issues FY18 Earnings Guidance
Parker-Hannifin (NYSE:PH) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $9.65-10.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.79.
Parker-Hannifin (NYSE:PH) opened at $201.42 on Thursday. The company has a market cap of $27,264.72, a price-to-earnings ratio of 25.89, a PEG ratio of 1.80 and a beta of 1.40. Parker-Hannifin has a twelve month low of $144.82 and a twelve month high of $212.80. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.87.
Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.09. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. Parker-Hannifin had a net margin of 8.37% and a return on equity of 23.61%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. equities research analysts expect that Parker-Hannifin will post 9.75 earnings per share for the current fiscal year.
PH has been the topic of a number of research analyst reports. Credit Suisse Group increased their price target on shares of Parker-Hannifin from $205.00 to $206.00 and gave the stock an outperform rating in a report on Friday, November 3rd. Deutsche Bank increased their price target on shares of Parker-Hannifin to $200.00 and gave the stock a buy rating in a report on Monday, November 20th. BMO Capital Markets increased their price target on shares of Parker-Hannifin to $225.00 and gave the stock an outperform rating in a report on Thursday, January 4th. Stifel Nicolaus reaffirmed a buy rating and set a $210.00 target price on shares of Parker-Hannifin in a report on Friday, November 3rd. Finally, Buckingham Research increased their target price on shares of Parker-Hannifin from $205.00 to $210.00 and gave the company a buy rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $199.53.
In other Parker-Hannifin news, VP Robert W. Malone sold 540 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $186.37, for a total transaction of $100,639.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Andrew D. Ross sold 2,056 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $192.14, for a total transaction of $395,039.84. Following the sale, the vice president now directly owns 5,207 shares of the company’s stock, valued at approximately $1,000,472.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,495 shares of company stock worth $4,127,941. 1.12% of the stock is owned by insiders.
Parker-Hannifin 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.
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