Equities analysts expect Parker-Hannifin Corp (NYSE:PH) to post earnings per share (EPS) of $2.59 for the current quarter, Zacks reports. Seven analysts have made estimates for Parker-Hannifin’s earnings. The lowest EPS estimate is $2.44 and the highest is $2.68. Parker-Hannifin posted earnings per share of $2.11 in the same quarter last year, which would indicate a positive year over year growth rate of 22.7%. The firm is scheduled to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that Parker-Hannifin will report full-year earnings of $9.93 per share for the current year, with EPS estimates ranging from $9.64 to $10.10. For the next fiscal year, analysts forecast that the company will report earnings of $11.42 per share, with EPS estimates ranging from $10.68 to $11.86. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Parker-Hannifin.
Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 EPS.
In related news, Director Joseph Scaminace sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $184.97, for a total value of $184,970.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Andrew D. Ross sold 2,056 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $192.14, for a total value of $395,039.84. Following the completion of the transaction, the vice president now owns 5,207 shares in the company, valued at approximately $1,000,472.98. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA lifted its stake in Parker-Hannifin by 139.3% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 579 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 337 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Parker-Hannifin in the third quarter valued at approximately $168,000. SeaCrest Wealth Management LLC purchased a new position in Parker-Hannifin in the fourth quarter valued at approximately $197,000. M Holdings Securities Inc. purchased a new position in Parker-Hannifin in the fourth quarter valued at approximately $250,000. Finally, Ballentine Partners LLC bought a new stake in Parker-Hannifin during the 4th quarter valued at $211,000. Institutional investors and hedge funds own 78.42% of the company’s stock.
Parker-Hannifin (PH) opened at $183.22 on Tuesday. The stock has a market capitalization of $24,377.14, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49. Parker-Hannifin has a 12 month low of $151.17 and a 12 month high of $212.80.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $0.66 dividend. The ex-dividend date is Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.44%. Parker-Hannifin’s payout ratio is presently 41.19%.
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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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