U.S. Congressional stock trading continues to remain a hot topic among the trading community, with many traders seeking to replicate success from politicians who potentially trade using insider information. Recently, Senator Markwayne Mullin from Oklahoma made headlines about his stock purchase, which seems suspiciously related to insider knowledge. On July 12, Senator Mullin reported purchasing Parker-Hannifin (NYSE: PH) stock, worth up to $50,000, and has risen as much as 6% since the June 12 purchase dat ...

Key Takeaways Parker-Hannifin shares were among the top gainers on the S&P 500 after the electronic equipment maker reported strong quarterly results. Demand in aerospace services helped the company beat sales and profit estimates, despite softness in diversified industrials. The earnings report wrapped up Parker-Hannifin's fiscal 2024, and the firm forecasts sustained organic sales growth in the year ahead. Shares of electronic equipment manufacturer Parker-Hannifin (PH) soared 11% Thursday after the elect ...

FY24 Performance Highlights - Parker Hannifin reported sales of $19.9 billion, a 4.5% increase, including 2.3% organic growth[4] - Adjusted segment operating margin reached 24.9%, a 200 bps increase[4] - Adjusted EPS grew by 18%[4] - Free cash flow was $3.0 billion, a 15% increase[4] - Aerospace Systems achieved $5.5 billion in sales, with 17% organic growth[6] Q4 FY24 Financial Summary - Sales were $5.187 billion, a 1.8% increase compared to the previous year[10] - Adjusted segment operating margin was 25.3%, a 130 bps increase year-over-year[10] - Adjusted EPS was $6.77, an 11.3% increase year-over-year[10] - The company achieved over $800 million in debt reduction during the quarter[13] FY25 Guidance - The company forecasts sales growth between 1.5% and 4.5%, with organic sales growth between 2% and 5%[15] - Adjusted EPS is projected to be between $26.30 and $27.00[15] - Free cash flow is expected to be between $3.0 billion and $3.3 billion[15] - Aerospace & Defense is expected to have High Single Digit (HSD) growth in FY25, while In-Plant & Industrial Equipment, Off-Highway Transportation, and Energy are expected to have Low Single Digit (LSD) growth[15] Debt Reduction - Since the Meggitt acquisition, the company has reduced debt by approximately $3.4 billion[13] - Net leverage was reduced to 2.0x[13]

For the quarter ended June 2024, Parker-Hannifin (PH) reported revenue of $5.19 billion, up 1.8% over the same period last year. EPS came in at $6.77, compared to $6.08 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $5.1 billion, representing a surprise of +1.76%. The company delivered an EPS surprise of +8.67%, with the consensus EPS estimate being $6.23. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Parker-Hannifin (PH) came out with quarterly earnings of $6.77 per share, beating the Zacks Consensus Estimate of $6.23 per share. This compares to earnings of $6.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.67%. A quarter ago, it was expected that this maker of motion and control products would post earnings of $6.10 per share when it actually produced earnings of $6.51, delivering a surprise of 6.72%. Over the last ...

CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3% Net income was $785 million, or $884 million adjusted EPS were $6.01, an increase of 10%, or a record $6.77 adjust ...

CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3% Net income was $785 million, or $884 million adjusted EPS were $6.01, an increase of 10%, or a record $6.77 adjust ...

Core Viewpoint - Parker-Hannifin Corporation is expected to report fourth-quarter fiscal 2024 results on August 8, with revenue estimates at $5.1 billion, indicating stability compared to the previous year, and earnings per share estimated at $6.23, reflecting a 2.5% increase year-over-year [1][2]. Group 1: Quarterly Performance Expectations - The Aerospace Systems segment is anticipated to benefit from strong demand in commercial and military markets, with quarterly revenues estimated at $1.43 billion, representing an 11.5% increase from the prior year [3][4]. - The Win Strategy, focusing on innovation and strategic positioning, is expected to positively impact margins in the fourth quarter [5]. - The Diversified Industrial North America segment is projected to see revenues of $2.2 billion, a 3.7% increase year-over-year, while the Diversified Industrial International segment is expected to decline by 5% to $1.43 billion [6][7]. Group 2: Future Projections - For fiscal 2024, organic sales in the Aerospace Systems segment are expected to rise approximately 15%, while the Diversified Industrial North America segment is projected to decline by about 2.5% [8]. - Foreign currency headwinds are likely to negatively affect margins and profitability due to the company's significant international operations [8]. Group 3: Earnings Prediction Insights - The current Earnings ESP for Parker-Hannifin is -0.24%, indicating a lower Most Accurate Estimate of $6.21 compared to the Zacks Consensus Estimate of $6.23, suggesting a lower likelihood of an earnings beat this quarter [9][10].

Parker-Hannifin (PH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 8, 2024, might help the stock move higher if these key numbers are better than e ...

Group 1 - Parker Hannifin Corporation will release its fiscal 2024 fourth quarter and full year earnings on August 8, 2024, before the market opens [1] - A conference call will be held at 11:00 a.m. Eastern time to discuss the earnings results and answer questions from institutional investors and analysts [1] - The conference call will be webcast on Parker's investor information website and will be archived for later replay [1] Group 2 - Parker Hannifin is recognized as a Fortune 250 global leader in motion and control technologies [2] - The company has a strong track record of increasing its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]