Loading...
Loading...
A report from Jefferies reiterates its Buy rating and raises its price target from $92 to $94 on Parker Hannifin
PH.
In the report, Jefferies writes, “PH reported EPS of $1.91, $0.26 ahead of our expectation of $1.65. Segment volumes and margins were better than expected and contributed $0.20 to the beat. A lower share count added $0.05 and the lower tax rate made up the difference. F2012 guidance was increased to $7.25-$7.85 (up $0.45 at the midpoint) versus the initial outlook of $6.70-$7.50 and current consensus of $6.96. The outlook incorporates no additional share repurchases.”
PH closed yesterday at $77.15.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in