Parker-Hannifin Corp (NYSE: PH) has reported E.P.S. of $5.65 for its third fiscal quarter (ending March 31) versus $4.61 for the same period a year ago — an increase of 23%. Relative to the consensus estimate of $6.84, this was a shortfall of $-1.19. For the latest four quarters through March 31, E.P.S. were $21.55 compared to $11.71 a year ago — an increase of 84%.
Recent Price Action
On 5/2/24, Parker-Hannifin Corp (NYSE: PH) stock declined by -2.3%, closing at $530.68. Moreover, trading volume in this decline was exceptionally high at 306% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.9% during the last week.
Current PriceTarget Research Rating
PH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Parker-Hannifin has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Parker-Hannifin has a poor Appreciation Score of 27 but a very high Power Rating of 86, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment