On 2016-08-19, Parker-Hannifin Corporation (NYSE:PH) confirmed the dividend disbursement of $0.63 a share to shareholders as on record 2016-08-29. The firm will release dividend on 2016-09-09 while ex-dividend date is reported to be 2016-08-25.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Parker-Hannifin Corporation (NYSE:PH) paid a total of $0.63 per share in dividends. This figure stood at $0.63 a share in the same period a year ago indicating a deviation of 6.3291%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $117.444 on the stock. This figure is the average of recommendations offered by 9 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $130 and $105, respectively.
Taking the mathematical rating formula, the price for Parker-Hannifin Corporation (NYSE:PH) stands at 2.54. Earnings Review Parker-Hannifin Corporation (NYSE:PH) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-27. For the period ending on 2016-09-30, experts are expecting EPS of $1.55.
Coming to the quarter ending on 2016-06-30, Parker-Hannifin Corporation (NYSE:PH) recorded EPS of $1.9. The reported numbers came lower than the analysts’ estimates of $1.77, demonstrating a miss of $0.13 as against reported figures.
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