Parker-Hannifin Co. (PH) Releases FY13 Earnings Guidance
Parker-Hannifin Co. (PH) updated its FY13 earnings guidance on Friday. The company provided EPS guidance of $6.15-6.75 for the period.
Shares of Parker-Hannifin Co. (PH) opened at 85.07 on Friday. Parker-Hannifin Co. (PH) has a 52 week low of $70.42 and a 52 week high of $91.47. The company has a market cap of $12.713 billion and a P/E ratio of 11.42.
Parker-Hannifin last announced its earnings results on Friday, October 19th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by $0.17. The company’s quarterly revenue was down .6% on a year-over-year basis.
A number of research firms have also recently commented on PH. Analysts at Stifel Nicolaus reiterated a buy rating on shares of Parker-Hannifin in a research note to investors on Monday, October 8th. They now have a $111.00 price target on the stock. On a related note, analysts at Longbow Research downgraded shares of Parker-Hannifin from a neutral rating to an underperform rating in a research note to investors on Monday, October 8th. They now have a $68.00 price target on the stock. Finally, analysts at MKM Partners reiterated a neutral rating on shares of Parker-Hannifin in a research note to investors on Friday, August 3rd.
Parker-Hannifin Corporation (Parker) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.
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