Analysts expect that Parker-Hannifin Corp (NYSE:PH) will post earnings per share (EPS) of $2.60 for the current quarter, according to Zacks. Seven analysts have provided estimates for Parker-Hannifin’s earnings, with the highest EPS estimate coming in at $2.69 and the lowest estimate coming in at $2.53. Parker-Hannifin reported earnings of $2.11 per share during the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Parker-Hannifin will report full-year earnings of $9.97 per share for the current financial year, with EPS estimates ranging from $9.80 to $10.00. For the next financial year, analysts expect that the company will post earnings of $11.54 per share, with EPS estimates ranging from $11.30 to $11.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Parker-Hannifin.
Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The business’s quarterly revenue was up 26.2% on a year-over-year basis.
In related news, Director Joseph Scaminace sold 1,149 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $184.24, for a total value of $211,691.76. Following the transaction, the director now owns 14,189 shares in the company, valued at $2,614,181.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.12% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA grew its holdings in Parker-Hannifin by 139.3% during 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. Wagner Wealth Management LLC acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $198,000. Steward Partners Investment Advisory LLC acquired a new position in Parker-Hannifin during the third quarter valued at approximately $168,000. SeaCrest Wealth Management LLC acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $197,000. Finally, M Holdings Securities Inc. acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $250,000. Hedge funds and other institutional investors own 81.67% of the company’s stock.
Parker-Hannifin (NYSE PH) traded down $2.20 during mid-day trading on Friday, reaching $184.38. 142,993 shares of the company’s stock were exchanged, compared to its average volume of 1,146,156. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. Parker-Hannifin has a 52 week low of $151.17 and a 52 week high of $212.80. The stock has a market capitalization of $24,820.00, a price-to-earnings ratio of 21.85, a PEG ratio of 1.61 and a beta of 1.37.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 9th were issued a $0.66 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a yield of 1.43%. Parker-Hannifin’s dividend payout ratio is currently 30.91%.
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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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