Parker-Hannifin (NYSE:PH) Releases FY25 Earnings Guidance

Parker-Hannifin (NYSE:PH) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $26.30-27.00 for the period, compared to the consensus earnings per share estimate of $26.30. The company issued revenue guidance of $20.20-20.80 billion, compared to the consensus revenue estimate of $20.55 billion. Parker-Hannifin also updated its FY 2025 guidance to 26.300-27.000 EPS.

Parker-Hannifin Trading Up 0.3 %

NYSE PH traded up $1.73 on Friday, reaching $569.81. The company had a trading volume of 920,574 shares, compared to its average volume of 735,999. The firm has a market cap of $73.24 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.50. Parker-Hannifin has a fifty-two week low of $362.49 and a fifty-two week high of $576.54. The business has a 50 day moving average of $525.78 and a two-hundred day moving average of $531.56.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 8th. The industrial products company reported $6.77 EPS for the quarter, beating the consensus estimate of $6.22 by $0.55. Parker-Hannifin had a return on equity of 29.40% and a net margin of 13.95%. The business had revenue of $5.19 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the business posted $6.08 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. Analysts forecast that Parker-Hannifin will post 24.85 EPS for the current year.

Analyst Upgrades and Downgrades

PH has been the topic of several research analyst reports. Raymond James began coverage on shares of Parker-Hannifin in a research note on Friday, June 28th. They set an outperform rating and a $610.00 target price on the stock. Bank of America upped their price target on Parker-Hannifin from $600.00 to $650.00 and gave the stock a buy rating in a research note on Friday, May 17th. Mizuho raised Parker-Hannifin from a neutral rating to a buy rating and raised their price objective for the company from $550.00 to $650.00 in a research note on Tuesday, May 28th. Barclays decreased their price objective on Parker-Hannifin from $618.00 to $610.00 and set an overweight rating for the company in a report on Tuesday, June 4th. Finally, Truist Financial reiterated a buy rating and issued a $673.00 target price (up from $621.00) on shares of Parker-Hannifin in a report on Friday. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $615.43.

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.