$3.69 Billion in Sales Expected for Parker-Hannifin Co. (NYSE:PH) This Quarter


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Analysts predict that Parker-Hannifin Co. (NYSE:PH) will announce $3.69 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Parker-Hannifin’s earnings, with the lowest sales estimate coming in at $3.56 billion and the highest estimate coming in at $3.82 billion. Parker-Hannifin reported sales of $3.70 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.3%. The business is scheduled to report its next quarterly earnings report on Thursday, April 29th.

According to Zacks, analysts expect that Parker-Hannifin will report full year sales of $13.96 billion for the current financial year, with estimates ranging from $13.66 billion to $14.08 billion. For the next fiscal year, analysts expect that the firm will post sales of $15.16 billion, with estimates ranging from $14.98 billion to $15.68 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Parker-Hannifin.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Wednesday, February 3rd. The industrial products company reported $3.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $0.84. Parker-Hannifin had a return on equity of 22.77% and a net margin of 8.75%. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis.

Several brokerages have issued reports on PH. Deutsche Bank Aktiengesellschaft raised their price objective on Parker-Hannifin from $240.00 to $277.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Barclays raised their price target on Parker-Hannifin from $256.00 to $303.00 and gave the stock an “overweight” rating in a report on Monday, November 30th. Stifel Nicolaus raised their price target on Parker-Hannifin from $320.00 to $343.00 in a report on Friday, February 5th. Morgan Stanley lifted their price target on shares of Parker-Hannifin from $308.00 to $317.00 and gave the company an “overweight” rating in a research report on Friday, February 5th. Finally, Citigroup boosted their price target on Parker-Hannifin from $250.00 to $290.00 in a report on Wednesday, February 3rd. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $275.86.

Shares of NYSE PH traded up $3.70 during mid-day trading on Tuesday, hitting $286.01. The company had a trading volume of 1,133,123 shares, compared to its average volume of 999,998. Parker-Hannifin has a 1-year low of $93.00 and a 1-year high of $293.80. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.46 and a quick ratio of 0.92. The company has a market capitalization of $36.92 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.97 and a beta of 1.74. The business’s 50-day simple moving average is $276.37 and its 200 day simple moving average is $243.38.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 5th. Stockholders of record on Wednesday, February 10th will be paid a dividend of $0.88 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, February 9th. This represents a $3.52 annualized dividend and a dividend yield of 1.23%. Parker-Hannifin’s dividend payout ratio is 32.62%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Optimum Investment Advisors acquired a new stake in Parker-Hannifin in the 4th quarter worth $25,000. Exchange Traded Concepts LLC bought a new position in Parker-Hannifin in the fourth quarter valued at approximately $26,000. Arlington Partners LLC bought a new stake in shares of Parker-Hannifin in the fourth quarter worth $27,000. Sowell Financial Services LLC raised its position in Parker-Hannifin by 400.0% during the fourth quarter. Sowell Financial Services LLC now owns 105 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 84 shares in the last quarter. Finally, BDO Wealth Advisors LLC increased its holdings in shares of Parker-Hannifin by 282.1% in the fourth quarter. BDO Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 77.44% of the company’s stock.

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 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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