Skip to main content

Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Hannifin Announces Retirement of Donald E. Washkewicz, Chairman of the Board and former CEO and President, After 43 Years of Service

[GlobeNewswire] – CLEVELAND, Dec. 17, 2015– Parker Hannifin Corporation, the global leader in motion and control technologies, today announced the retirement of Donald E. Washkewicz, Chairman of the Board of Directors … Read more on this. Parker-Hannifin Corporation (PH) , valued at $12.94B, began trading this morning at $98.59. Looking at the stock, its one day range is $95.16 to $98.63 and has traded between $93.47 and $132.08 over the past year. PH shares are currently priced at 15.66x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.08x earnings multiple. And for passive income investors, the company pays shareholders $2.52 per share annually in dividends, yielding 2.64%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.19 per share, which would be $0.65 worse than the year-ago quarter and a $0.33 sequential decrease. Investors should also note that the full-year EPS estimate of $6.11 is a $1.14 worse 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. More recently, Stifel downgraded PH from Buy to Hold (Apr 29, 2015). Previously, Robert W. Baird downgraded PH from Outperform to Neutral. The average price target for PH shares by the analysts covering the stock is $103.73, which is 5.21% above where the stock opened this morning. See more in (NYSE:PH) Similar Articles: Company Update (NYSE:PH): Parker Names Mark J. Hart as Executive Vice President, Human Resources and External Affairs, Daniel S. Serbin to Retire After 35 Years of Service Stock Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Announces Acquisition of President Engineering Group to Strengthen LNG, Industrial Gas and Mining Capabilities Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Hannifin Unveils New Win Strategy at New York Investor Meeting
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.