Parker-Hannifin Corporation (NYSE:PH) is reporting first quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, PH is expected to report 1Q21 income of $ 2.34 per share from revenue of $ 2981.05 million.
For the full year, analysts anticipate top line of $ 12849.90 million, while looking forward to income of $ 10.98 per share bottom line.
The Company Outlook
Full Year 2021 bottomline are predicted in a range of $ 9.80 ~ $ 10.80 per share
Click Here For More Historical Outlooks Of Parker-Hannifin Corporation
Previous Quarter Performance
Parker-Hannifin Corporation outlined income for the fourth quarter of $ 2.55 per share, from the revenue of $ 3,161.00 million. The quarterly earnings shrunk 22.96 percent while revenues declined 14.13 percent compared with the same quarter last year.
Street analysts expected Parker-Hannifin Corporation to report income of $ 1.51 per share on revenue of $ 2877.21 million for the fourth quarter. The bottom line results beat street analysts by $ 1.04 or 68.87 percent, at the same time, top line results outshined analysts by $ 283.79 million or 9.86 percent.
Stock Performance
Shares of Parker-Hannifin Corporation traded low $ -8.26 or -3.65 percent on Wednesday, reaching $ 217.94 with volume of 1.05 million shares. Parker-Hannifin Corporation has traded high as $ 224.42 and has cracked $ 216.92 on the downward trend
The closing price of $ 217.94, representing a 143.23 % increase from the 52 week low of $ 93.00 and a 1.08 % decrease over the 52 week high of $ 228.67.
The company has a market capital of $ 28.07 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Citigroup at Buy rating, with $ 225.00 target price.
- On 2nd October 2020, maintained by Morgan Stanley at Overweight rating, with $ 245.00 target price.
Conference Call
Parker-Hannifin Corporation will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.parker.com
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. It operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
