Parker-Hannifin (PH) to Release Earnings on Wednesday
Parker-Hannifin (NYSE:PH) is set to post its Q414 quarterly earnings results on Wednesday, August 6th. Analysts expect Parker-Hannifin to post earnings of $2.07 per share and revenue of $3.75 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Shares of Parker-Hannifin (NYSE:PH) opened at 115.57 on Tuesday. Parker-Hannifin has a 52-week low of $99.75 and a 52-week high of $130.44. The stock has a 50-day moving average of $123.6 and a 200-day moving average of $121.9. The company has a market cap of $17.213 billion and a P/E ratio of 17.09.
Several analysts have recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Parker-Hannifin from $148.00 to $144.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Parker-Hannifin in a research note on Thursday, May 29th. They now have a $131.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $133.71.
Parker-Hannifin Corporation (NYSE:PH) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.
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