Parker-Hannifin projects FY26 adjusted EPS between $29.60 and $30.40, surpassing consensus estimate of $29.11.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
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Fiscal Year Guidance: The guidance for the fiscal year ending June 30, 2026 has been increased, now incorporating the Curtis acquisition.
Sales Growth Projections: Total sales growth is projected to be between 4.0% and 7.0%, with organic sales growth at approximately 4% and contributions from acquisitions, divestitures, and favorable currency adjustments.
Operating Margin Outlook: The segment operating margin outlook has been raised to a range of 23.6% to 24.0%, or 26.8% to 27.2% on an adjusted basis.
Earnings Per Share Guidance: EPS guidance has been increased to a range of $25.53 to $26.33, or $29.60 to $30.40 on an adjusted basis.
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Analyst Views on PH
Wall Street analysts forecast PH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PH is 960.17 USD with a low forecast of 725.00 USD and a high forecast of 1097 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 948.400
Low
725.00
Averages
960.17
High
1097
Current: 948.400
Low
725.00
Averages
960.17
High
1097
About PH
Parker-Hannifin Corporation specializes in motion and control technologies. The Company designs, manufactures, and provides aftermarket support for highly engineered solutions. Its segments include Diversified Industrial and Aerospace Systems. Diversified Industrial Segment, which is an aggregation of several business units, sells highly engineered differentiated products to both original equipment manufacturers (OEMs) and distributors who serve the aftermarket replacement markets. This segment serves various markets, including aerospace & defense, off-highway, in-plant & industrial equipment, energy, transportation and HVAC & refrigeration. Aerospace Systems Segment sells highly engineered, differentiated airframe and engine components and systems to OEMs and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals. Its products include active & passive vibration control, avionics, flight control systems and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Parker-Hannifin Reports Record Q2 2026 Earnings and Raises Guidance
- Record Sales Performance: Parker-Hannifin achieved record Q2 sales of $5.2 billion, reflecting a 6.6% year-over-year growth, which not only sets a new benchmark but also reinforces the company's leadership position in the motion and control industry.
- Profitability Enhancement: Adjusted earnings per share reached $7.65, a 17% increase from the previous year, while the adjusted operating margin rose to 27.1%, indicating significant improvements in cost control and operational efficiency.
- Acquisition Strategic Expansion: The company announced the acquisition of Filtration Group, expected to deliver $220 million in cost synergies over three years, enhancing competitiveness in life sciences and HVAC markets, and projected to boost aftermarket sales by 500 basis points.
- Optimistic Outlook: Management raised the fiscal year 2026 sales growth guidance to a range of 5.5% to 7.5%, with free cash flow expected to reach $3.2 billion to $3.6 billion, demonstrating strong confidence in future growth prospects.
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Parker-Hannifin Reports Strong Q2 Results and Raises FY26 Guidance
- Strong Earnings Report: Parker-Hannifin's adjusted EPS for Q2 was $7.65, surpassing the analyst estimate of $7.17, indicating robust profitability and market performance.
- Significant Sales Growth: The company reported net sales of $5.174 billion, exceeding the expected $5.066 billion, with a year-over-year growth of 9% and organic sales growth of 6.6%, showcasing its competitive strength in the market.
- Upgraded Guidance: The FY26 GAAP EPS guidance was raised to $26.26 to $26.86, while adjusted EPS guidance was increased to $30.40 to $31.00, both above market expectations, reflecting management's confidence in future performance.
- Analyst Rating Changes: Following the earnings announcement, several analysts adjusted their price targets for Parker-Hannifin, with Stifel raising its target from $941 to $965, and Wells Fargo and Barclays increasing theirs to $1,050 and $1,020 respectively, indicating a positive outlook on the company's future performance.
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