Parker-Hannifin Corp reports results for the quarter ended June 30 - Earnings Summary

• Parker-Hannifin Corp PH reported quarterly adjusted earnings of $7.69​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $6.77. The mean expectation of twenty analysts for the quarter was for earnings of $7.10 per share. Wall Street expected results to range from $7.00 to $7.19 per share.

• Revenue rose 1.1% to $5.24 billion from a year ago; analysts expected $5.11 billion.

• Parker-Hannifin Corp's reported EPS for the quarter was $7.15​.

• The company reported quarterly net income of $923 million.

• Parker-Hannifin Corp shares had fallen by 0.2% this quarter and gained 9.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Parker-Hannifin Corp is $769.00, about 9.3% above its last closing price of $697.13

This summary was machine generated from LSEG data August 7 at 05:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)