Forecasting Future Earnings Summary: Parker-Hannifin Corporation (NYSE:PH)

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Parker-Hannifin Corporation (NYSE:PH) dropped -0.85% and closed the trade at $ 121.52. The company recorded a trading capacity of 979.77 thousand shares below its three months average daily volume of 1.07 million shares. During the last trade, shares reached to high price of $121.89 and touched the low price of $120.86. The stock’s 50-day moving average is noted at $121.24 and its 200-day moving average is stands at $113.82.

Additionally, the company has a PE ratio of 20.63 and has EPS of 5.89. The company has market capitalization of $16.27B.

Currently Parker-Hannifin Corporation (PH) captured an average recommendation of “ Hold ” from analysts, according to FactSet data. The stock has been suggested as “Buy” from “3″ Analysts”. “2” rated “Sell” for the company. “15” said the company as a “Hold”. Overweight rating was given by “0” and Underweight rating was given by “1”.

Analysts are expecting that the company to achieve $119.56 Price Target in next 52-weeks, average price is come up through the consensus of analysts. High potential price target is set at $136.00 however minimum price target advised by analysts is $100.00. The Median price target for the stock is measured at $120.50.

Presently, Analysts decided consensus EPS estimate of $1.55 for present quarter and one month ago projected EPS estimate was at $1.54. If we take a look at back 3 month ago, consensus EPS estimate was $1.62.

A current consensus EPS estimate for next quarter is at $1.44 and 3 month ago EPS forecast was $1.46. Have a look at back 1 month ago, consensus EPS forecast was seen at $1.44.

For current fiscal year, most recent EPS estimate is set at $6.80 based on Analyst consensus and three month ago consensus EPS opinions was at $6.74. During period one month ago, consensus EPS forecast was decided at $6.79.

A current consensus EPS projection for next fiscal year is observed at $7.44 and one month ago consensus EPS forecast was at $7.44. Take a look at back three month ago, consensus EPS estimate opinions was decided at $7.17 by analysts.

One Month ago, the stock has gained consensus mean rating of Hold based on the analysis of brokerage analyst firms polled. 3 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 0. 16 advised the “Hold” rating about this stock. 2 revealed “Sell” signal and “Underweight” rating was declared by 1.

Three Months Ago, Analysts recommended an average brokerage rating of Hold derived from brokerage firms, according to FactSet. 2 said a “Buy Rating” and 0 announced “Overweight Rating”. 18 advised “Hold Rating” regarding the stock. 1 announced “Sell Rating” and 1 disclosed “Underweight Rating”.

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