Parker-Hannifin (NYSE:PH) Issues FY 2027 Earnings Guidance

Key Points

• Parker-Hannifin issued FY 2027 guidance for EPS of $34.25–$35.25, above the $34.09 consensus, while forecasting revenue of $20.9 billion–$21.5 billion, below the $22.7 billion consensus.
• The company’s latest quarter surpassed expectations, with EPS of $9.27 versus $8.26 expected and revenue of $5.75 billion versus $5.57 billion; revenue increased 9.8% year over year.
• Shares rose to $1,072.26 during Thursday trading. Analysts maintain a “Moderate Buy” consensus, with 18 Buy ratings, four Holds, and an average price target of $1,027.38.

Parker-Hannifin (NYSE:PH - Get Free Report) updated its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 34.250-35.250 for the period, compared to the consensus estimate of 34.090. The company issued revenue guidance of $20.9 billion-$21.5 billion, compared to the consensus revenue estimate of $22.7 billion.

Analyst Ratings Changes

PH has been the subject of several analyst reports. Evercore set a $1,064.00 price objective on shares of Parker-Hannifin in a research note on Monday, May 11th. Wall Street Zen cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Saturday, June 6th. Citigroup reiterated a "buy" rating on shares of Parker-Hannifin in a research report on Monday, June 8th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. reduced their price target on Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating on the stock in a research report on Thursday, May 7th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and an average target price of $1,027.38.

Parker-Hannifin Price Performance

PH stock traded up $75.36 during mid-day trading on Thursday, hitting $1,072.26. The stock had a trading volume of 388,625 shares, compared to its average volume of 715,701. The firm has a fifty day simple moving average of $941.61 and a 200 day simple moving average of $939.33. The firm has a market capitalization of $135.20 billion, a P/E ratio of 39.65, a P/E/G ratio of 2.65 and a beta of 1.12. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Parker-Hannifin has a 52 week low of $708.18 and a 52 week high of $1,099.94.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping analysts' consensus estimates of $8.26 by $1.01. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, research analysts forecast that Parker-Hannifin will post 31.26 EPS for the current year.

Hedge Funds Weigh In On Parker-Hannifin

A number of institutional investors have recently modified their holdings of PH. Sivia Capital Partners LLC increased its holdings in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company's stock valued at $300,000 after purchasing an additional 15 shares during the period. Bison Wealth LLC raised its position in Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after purchasing an additional 32 shares during the last quarter. Brighton Jones LLC lifted its holdings in Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after buying an additional 101 shares during the period. Acumen Wealth Advisors LLC acquired a new position in Parker-Hannifin during the 4th quarter worth about $114,000. Finally, Rossby Financial LCC grew its position in shares of Parker-Hannifin by 28.6% in the 4th quarter. Rossby Financial LCC now owns 63 shares of the industrial products company's stock valued at $55,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

About Parker-Hannifin

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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