Parker Hannifin initiates fiscal 2027 guidance, shares jump 8.4%

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Parker Hannifin initiated its fiscal 2027 earnings guidance, projecting earnings of $30.00 to $31.00 per share and adjusted earnings of $34.25 to $35.25 per share on total sales and organic sales growth of 5.5 to 8.5 percent. The guidance excludes the pending acquisitions of Filtration Group corporation and CIRCOR's Commercial and Defense Aerospace Business. In pre-market trading, the stock rose $83.16, or 8.35 percent, to $1,079.53 on the NYSE.

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Aerospace & Aviation▲
Parker-Hannifin Corporation
PH
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Company initiates fiscal 2027 guidance with strong EPS and sales growth projections, driving shares up 8.4%.