Skip to main content

Stock Update (NYSE:PH): Parker to Announce Fiscal 2016 Third Quarter Earnings on April 26; Conference Call and Webcast Scheduled for 11 a.m. Eastern

[GlobeNewswire] – CLEVELAND, April 15, 2016– Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it will release its fiscal 2016 third quarter earnings before the market … Read more on this. Parker-Hannifin Corporation (PH) , with a current value of $15.34B, opened at $112.05. Looking at today’s market, PH one day range is $110.36 to $114.40 and has traded between $83.32 and $125.33 over the past year. PH shares are currently priced at 18.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.15x earnings multiple. And for income investors, the company pays shareholders $2.52 per share annually in dividends, yielding 2.26%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.43 per share, which would be $0.63 worse than the year-ago quarter and a $0.16 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.08 would be a $1.17 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.82 Billion. If realized, that would be a 10.76% decrease over the year-ago quarter. In terms of ratings, Avondale Initiated PH at Mkt Perform (Apr 8, 2016). Previously, Barclays Initiated PH at to Equal Weight. When considering if the stock is under or overvalued, the average price target is $104.76, which is 6.51% below where the stock opened this morning. See more in (NYSE:PH) Similar Articles: Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Announce Fiscal 2016 Second Quarter Earnings on January 26; Conference Call and Webcast Scheduled for 11 a.m. Eastern Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Scheduled to Present at Robert W. Baird Industrial Conference on November 10 at 3:30 p.m. Central time (4:30 p.m. Eastern time) Stock Update (NYSE:PH): Parker to Webcast Annual Meeting of Shareholders on October 28 at 9:00 a.m. Eastern
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.