Growth & Income Stock: Parker Hannifin Corporation
Parker Hannifin Corporation (NYSE:PH) delivered record quarterly earnings on April 24, with earnings per share coming in at $2.01, well ahead of the Zacks Consensus Estimate of $1.72. And management raised its guidance above the current consensus estimate for the remainder of its fiscal 2012. This should drive a flurry of positive estimate revisions from [...]
Parker Hannifin Corporation (NYSE:PH) delivered record quarterly earnings on April 24, with earnings per share coming in at $2.01, well ahead of the Zacks Consensus Estimate of $1.72.
And management raised its guidance above the current consensus estimate for the remainder of its fiscal 2012. This should drive a flurry of positive estimate revisions from analysts. It is currently a Zacks #2 Rank (Buy).
In addition, Parker Hannifin raised its dividend for the second consecutive quarter. It yields a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards