Parker-Hannifin (NYSE:PH) Issues Quarterly Earnings Results, Beats Estimates By $0.55 EPS

Parker-Hannifin (NYSE:PH) announced its earnings results on Thursday. The industrial products company reported $6.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.55, Briefing.com reports. Parker-Hannifin had a net margin of 13.95% and a return on equity of 29.40%. The company had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the business earned $6.08 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Parker-Hannifin updated its FY25 guidance to $26.30-27.00 EPS and its FY 2025 guidance to 26.300-27.000 EPS.

Parker-Hannifin Trading Up 10.8 %

PH stock traded up $55.53 during trading on Thursday, reaching $568.03. The company had a trading volume of 1,418,144 shares, compared to its average volume of 668,769. Parker-Hannifin has a 52 week low of $362.49 and a 52 week high of $570.15. The company has a market cap of $73.02 billion, a P/E ratio of 26.77, a PEG ratio of 2.04 and a beta of 1.44. The business has a 50 day moving average of $525.02 and a 200 day moving average of $530.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.50.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PH. Argus upped their price target on shares of Parker-Hannifin from $550.00 to $590.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Bank of America upped their price target on shares of Parker-Hannifin from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Stifel Nicolaus cut their price target on shares of Parker-Hannifin from $629.00 to $613.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Raymond James began coverage on shares of Parker-Hannifin in a research report on Friday, June 28th. They set an “outperform” rating and a $610.00 price target for the company. Finally, KeyCorp upped their price target on shares of Parker-Hannifin from $575.00 to $640.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $594.69.

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.