The 10-second takeaway
For the quarter ended June 30 (Q4), Parker Hannifin met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share increased.
Margins grew across the board.
Parker Hannifin logged revenue of $3.41 billion. The nine analysts polled by S&P Capital IQ predicted sales of $3.41 billion on the same basis. GAAP reported sales were 0.1% higher than the prior-year quarter's $3.41 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.96. The 13 earnings estimates compiled by S&P Capital IQ averaged $1.91 per share. GAAP EPS of $1.96 for Q4 were 9.5% higher than the prior-year quarter's $1.79 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.6%, 40 basis points better than the prior-year quarter. Operating margin was 13.3%, 120 basis points better than the prior-year quarter. Net margin was 8.9%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.22 billion. On the bottom line, the average EPS estimate is $1.78.
Next year's average estimate for revenue is $13.59 billion. The average EPS estimate is $7.60.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 560 members rating the stock outperform and 15 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Parker Hannifin a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parker Hannifin is outperform, with an average price target of $97.08.
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