Earnings Around the Corner for Parker-Hannifin Corporation (NYSE:PH)

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.  

Potential Upside

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%.

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