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Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Announce Fiscal 2016 Second Quarter Earnings on January 26; Conference Call and Webcast Scheduled for 11 a.m. Eastern

[GlobeNewswire] – CLEVELAND, Jan. 18, 2016– Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it will release its fiscal 2016 second quarter earnings before the market … Read more on this. Parker-Hannifin Corporation (PH) , with a current market cap of $11.96B, started trading this morning at $87.99. Looking at today’s trading action, the company’s one day range from $87.39 to $89.11 with a trailing 52-week range being $87.39 to $125.94. Parker Hannifin (PH) shares are currently priced at 15.03x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.04x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.52 per share annually in dividends, yielding 2.78%. According to a consensus of 17 analysts, the earnings estimate of $1.18 per share would be $0.66 worse than the year-ago quarter and a $0.27 sequential decrease. Investors should also note that the full-year EPS estimate of $6.03 is a $1.22 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.69 Billion. If reported, that would be a 14.06% decrease over the year-ago quarter. Recently, Argus downgraded PH from Buy to Hold (Oct 27, 2015). Previously, BofA/Merrill downgraded PH from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $100.27, which is 13.96% above where the stock opened this morning. See more in (NYSE:PH) Similar Articles: Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Scheduled to Present at Robert W. Baird Industrial Conference on November 10 at 3:30 p.m. Central time (4:30 p.m. Eastern time) Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Announce Fiscal 2016 First Quarter Earnings on October 22; Conference Call and Webcast Scheduled for 10 a.m. Eastern Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker to Announce Fiscal 2015 Fourth Quarter and Full Year Earnings on August 4; Conference Call and Webcast Scheduled for 11 a.m. Eastern
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