Parker-Hannifin Drops 5.69% Ahead of Earnings Report

On April 4, 2025, Parker-Hannifin's stock experienced a significant drop of 5.69% in pre-market trading, reflecting a cautious sentiment among investors ahead of the company's upcoming earnings report.

Analysts have varying opinions on Parker-Hannifin's stock. Some analysts have given the stock a "Strong Buy" rating with an average price target of $753.30, while others have issued sell signals based on both short and long-term moving averages. The consensus rating among 17 analysts is a "Moderate Buy" with an average target price of $736.65. The price targets range from a low of $575 to a high of $842, indicating a wide range of expectations for the stock's future performance.

Parker-Hannifin Corporation specializes in designing, manufacturing, and selling monitoring and control systems. The company's net sales are primarily derived from industrial systems, which account for 72.5% of total sales, and aerospace systems and components, which make up 27.5%. Geographically, North America is the largest market, contributing 67.8% of net sales, followed by Europe, Asia/Pacific, and Latin America.

Investors are closely watching Parker-Hannifin as it prepares to report earnings on May 1, 2025. The company's most accurate estimate for earnings per share is $6.84. The stock's current outlook is neutral, reflecting the mixed sentiments among analysts.