The company reported earnings of $2.06 a share for the fourth quarter, missing the Capital IQ Consensus Estimate of $2.10 a share by 4 cents. Revenue grew 2.8% from the year-ago quarter to $3.52 billion, below analysts' estimates of $3.57 billion.
Looking to fiscal 2015 Parker-Hannifin expects EPS of $7.25 to $8.05 a share, below analysts' expectations of $8.16 a share for the year.
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TheStreet Ratings team rates PARKER-HANNIFIN CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PARKER-HANNIFIN CORP (PH) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: PH Ratings Report