Wall Street brokerages expect Parker-Hannifin Corp (NYSE:PH) to announce $2.06 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Parker-Hannifin’s earnings, with the lowest EPS estimate coming in at $1.99 and the highest estimate coming in at $2.14. Parker-Hannifin reported earnings of $1.91 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, February 1st.

On average, analysts expect that Parker-Hannifin will report full-year earnings of $9.61 per share for the current year, with EPS estimates ranging from $9.50 to $9.70. For the next financial year, analysts forecast that the firm will report earnings of $10.64 per share, with EPS estimates ranging from $10.50 to $10.94. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Parker-Hannifin.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.22. Parker-Hannifin had a net margin of 8.37% and a return on equity of 23.61%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The company’s revenue for the quarter was up 22.7% on a year-over-year basis.

Several research analysts recently weighed in on PH shares. Cowen restated a “hold” rating and set a $140.00 price target on shares of Parker-Hannifin in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a report on Tuesday, November 7th. Robert W. Baird increased their price objective on shares of Parker-Hannifin from $183.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. BMO Capital Markets increased their price objective on shares of Parker-Hannifin from $200.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Finally, KeyCorp reiterated a “buy” rating and issued a $205.00 price objective on shares of Parker-Hannifin in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Parker-Hannifin presently has an average rating of “Buy” and a consensus price target of $194.68.

In other news, VP Robert W. Malone sold 540 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $186.37, for a total value of $100,639.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas C. Gentile sold 326 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $181.89, for a total transaction of $59,296.14. The disclosure for this sale can be found here. In the last three months, insiders sold 22,495 shares of company stock valued at $4,127,941. Corporate insiders own 1.12% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its position in shares of Parker-Hannifin by 20.8% during the 2nd quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 20 shares during the period. People s United Financial Inc. boosted its position in Parker-Hannifin by 0.5% in the 2nd quarter. People s United Financial Inc. now owns 6,079 shares of the industrial products company’s stock valued at $972,000 after buying an additional 31 shares during the period. National Asset Management Inc. boosted its position in Parker-Hannifin by 4.7% in the 2nd quarter. National Asset Management Inc. now owns 1,432 shares of the industrial products company’s stock valued at $229,000 after buying an additional 64 shares during the period. Suntrust Banks Inc. boosted its position in Parker-Hannifin by 0.8% in the 2nd quarter. Suntrust Banks Inc. now owns 22,244 shares of the industrial products company’s stock valued at $3,553,000 after buying an additional 172 shares during the period. Finally, Logan Capital Management Inc. boosted its position in Parker-Hannifin by 14.8% in the 2nd quarter. Logan Capital Management Inc. now owns 1,524 shares of the industrial products company’s stock valued at $244,000 after buying an additional 197 shares during the period. 78.05% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin (PH) traded down $0.13 on Wednesday, hitting $209.91. 1,237,700 shares of the company traded hands, compared to its average volume of 889,070. Parker-Hannifin has a 52-week low of $141.06 and a 52-week high of $212.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.95 and a current ratio of 1.44. The firm has a market cap of $28,040.00, a P/E ratio of 26.95, a PEG ratio of 1.88 and a beta of 1.40.

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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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Earnings History and Estimates for Parker-Hannifin (NYSE:PH)

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