Equities research analysts predict that Parker-Hannifin Co. (NYSE:PH) will report sales of $3.69 billion for the current quarter, according to Zacks. Seven analysts have made estimates for Parker-Hannifin’s earnings, with the highest sales estimate coming in at $3.82 billion and the lowest estimate coming in at $3.56 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 firm is expected to announce its next earnings report on Thursday, April 29th.
On average, analysts expect that Parker-Hannifin will report full year sales of $13.96 billion for the current year, with estimates ranging from $13.66 billion to $14.08 billion. For the next financial year, analysts expect that the business will post sales of $15.16 billion, with estimates ranging from $14.98 billion to $15.68 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Parker-Hannifin.
Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Wednesday, February 3rd. The industrial products company reported $3.44 EPS for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.84. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.21 billion. Parker-Hannifin had a return on equity of 22.77% and a net margin of 8.75%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.54 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Optimum Investment Advisors purchased a new position in Parker-Hannifin during the 4th quarter worth approximately $25,000. Exchange Traded Concepts LLC purchased a new position in Parker-Hannifin during the 4th quarter worth approximately $26,000. Arlington Partners LLC purchased a new position in shares of Parker-Hannifin during the 4th quarter valued at $27,000. Sowell Financial Services LLC grew its holdings in shares of Parker-Hannifin by 400.0% during the 4th quarter. Sowell Financial Services LLC now owns 105 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 84 shares in the last quarter. Finally, BDO Wealth Advisors LLC grew its holdings in shares of Parker-Hannifin by 282.1% during the 4th quarter. BDO Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 77.44% of the company’s stock.
NYSE PH traded up $3.70 during trading hours on Tuesday, reaching $286.01. The company’s stock had a trading volume of 1,133,123 shares, compared to its average volume of 999,998. The company has a current ratio of 1.46, a quick ratio of 0.92 and a debt-to-equity ratio of 1.08. The business has a 50-day simple moving average of $276.37 and a 200 day simple moving average of $243.38. Parker-Hannifin has a 52 week low of $93.00 and a 52 week high of $293.80. The stock has a market cap of $36.92 billion, a PE ratio of 30.98, a PEG ratio of 1.97 and a beta of 1.74.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 5th. Shareholders of record on Wednesday, February 10th will be given a $0.88 dividend. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, February 9th. This represents a $3.52 annualized dividend and a yield of 1.23%. Parker-Hannifin’s payout ratio is 32.62%.
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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