Wall Street analysts predict that PACCAR Inc. (NASDAQ:PCAR) will announce earnings per share of $1.10 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for PACCAR’s earnings. The highest EPS estimate is $1.13 and the lowest is $1.03. PACCAR posted earnings per share of $0.82 in the same quarter last year, which indicates a positive year over year growth rate of 34.1%. The firm is expected to report its next earnings results on Tuesday, January 30th.
On average, analysts expect that PACCAR will report full year earnings of $4.18 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.30. For the next fiscal year, analysts expect that the firm will post earnings of $4.65 per share, with EPS estimates ranging from $4.52 to $4.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow PACCAR.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the business earned $0.98 EPS. PACCAR’s revenue was up 19.7% compared to the same quarter last year.
A number of research analysts have recently commented on the stock. Argus upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Credit Suisse Group boosted their price target on shares of PACCAR from $69.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Deutsche Bank AG reduced their price target on shares of PACCAR from $78.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Wells Fargo & Company reduced their price target on shares of PACCAR from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, October 25th. Finally, Robert W. Baird boosted their price target on shares of PACCAR from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. PACCAR presently has an average rating of “Hold” and a consensus target price of $75.95.
PACCAR (PCAR) traded down $0.27 during trading on Friday, reaching $69.32. 981,500 shares of the company were exchanged, compared to its average volume of 1,896,267. PACCAR has a fifty-two week low of $58.73 and a fifty-two week high of $75.68. The stock has a market cap of $24,468.55, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, November 13th. PACCAR’s dividend payout ratio is presently 25.64%.
In other PACCAR news, insider Mark C. Pigott sold 98,956 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $71.37, for a total value of $7,062,489.72. Following the completion of the sale, the insider now directly owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the completion of the sale, the vice president now directly owns 24,319 shares of the company’s stock, valued at $1,726,649. The disclosure for this sale can be found here. Insiders own 2.64% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in PACCAR by 91.1% in the second quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock worth $123,000 after purchasing an additional 890 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in PACCAR by 18.8% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock worth $125,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in PACCAR by 29.9% in the second quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock worth $143,000 after purchasing an additional 500 shares during the last quarter. Sun Life Financial INC lifted its stake in PACCAR by 19,884.6% in the second quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock worth $172,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Institute for Wealth Management LLC. bought a new stake in PACCAR in the second quarter worth $201,000. 63.03% of the stock is owned by institutional investors and hedge funds.
PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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