Parker-Hannifin (PH) to Release Quarterly Earnings on Thursday

Parker-Hannifin (NYSE:PH - Get Free Report) is set to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $6.13 per share for the quarter. Parker-Hannifin has set its FY25 guidance at $26.30-27.00 EPS and its FY 2025 guidance at 26.300-27.000 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 8th. The industrial products company reported $6.77 earnings per share for the quarter, beating the consensus estimate of $6.22 by $0.55. The business had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.08 billion. Parker-Hannifin had a return on equity of 29.08% and a net margin of 14.27%. The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $6.08 EPS. On average, analysts expect Parker-Hannifin to post $27 EPS for the current fiscal year and $29 EPS for the next fiscal year.

Parker-Hannifin Stock Performance

PH traded down $5.56 during trading on Thursday, hitting $624.14. 550,079 shares of the stock were exchanged, compared to its average volume of 497,492. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.59. Parker-Hannifin has a 1-year low of $362.49 and a 1-year high of $646.60. The stock has a fifty day moving average price of $609.91 and a two-hundred day moving average price of $561.47. The firm has a market capitalization of $80.31 billion, a P/E ratio of 28.64, a PEG ratio of 2.55 and a beta of 1.43.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.04%. Parker-Hannifin's payout ratio is 29.92%.

Insider Transactions at Parker-Hannifin

In other news, VP Berend Bracht sold 850 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $592.92, for a total transaction of $503,982.00. Following the sale, the vice president now owns 3,350 shares in the company, valued at $1,986,282. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Berend Bracht sold 850 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $592.92, for a total value of $503,982.00. Following the completion of the sale, the vice president now directly owns 3,350 shares in the company, valued at approximately $1,986,282. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Scaminace sold 1,751 shares of Parker-Hannifin stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $589.73, for a total transaction of $1,032,617.23. Following the completion of the transaction, the director now owns 3,900 shares in the company, valued at approximately $2,299,947. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.39% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on PH shares. Stifel Nicolaus increased their price objective on Parker-Hannifin from $633.00 to $691.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price objective on shares of Parker-Hannifin from $640.00 to $710.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. KeyCorp boosted their price objective on shares of Parker-Hannifin from $640.00 to $725.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. TD Cowen raised their target price on shares of Parker-Hannifin from $500.00 to $520.00 and gave the stock a "hold" rating in a research note on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a "buy" rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $660.57.

About Parker-Hannifin

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 ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.