Earnings is just around the corner for Parker-Hannifin Corporation (NYSE:PH) as the firm is slated to issue their report on 10/21/2016 8:30:00 AM. The firm has most recently posted quarter over quarter growth of 39.60% and sales growth of -6.00% quarter over quarter.
In terms of the trend lines, Parker-Hannifin Corporation (NYSE:PH) shares are currently -3.02% off of their 52-week high and 51.83% off from the 52-week low point. The stock is 12.60% from the 200-day moving average and 1.02% from the 50-day average. The Relative Strength Index for the stock stands at 51.45.
Increased volatility should be expected heading into and immediately after the Parker-Hannifin Corporation (NYSE:PH) earnings report. According to the most recent data, the average true range stands at 2.20 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 1.79% and 1.60% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 0.56.
So is there any potential upside for the stock if Parker-Hannifin Corporation is able to meet or beat earnings? Analysts, on a consensus basis have a $120.20 on the stock, compared to a recent bid of $124.37. The average broker recommendation yields a score of 2.80, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 0.40% shares are held by company insiders. On the institutional front, 84.30% of Parker-Hannifin Corporation (NYSE:PH) are owned by firms or funds. Over the past few months, insider transactions have trended -11.77% while institutions saw a change of 0.09% in company stock.
Year to date, Parker-Hannifin Corporation (NYSE:PH) holders have seen returns of 29.44%. Over the past month the stock moved 2.13% and most recently shares over the past five trading days have moved -2.76%.