Equities research analysts expect Caterpillar Inc. (NYSE:CAT – Get Rating) to report $14.34 billion in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Caterpillar’s earnings, with the lowest sales estimate coming in at $13.90 billion and the highest estimate coming in at $14.72 billion. Caterpillar posted sales of $12.89 billion in the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Caterpillar will report full year sales of $57.36 billion for the current year, with estimates ranging from $56.23 billion to $58.62 billion. For the next year, analysts anticipate that the business will report sales of $62.91 billion, with estimates ranging from $58.81 billion to $65.89 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Caterpillar.
Caterpillar (NYSE:CAT – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.28. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.49 billion. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. Caterpillar’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.87 earnings per share.
In other news, Director David Maclennan purchased 600 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was bought at an average price of $219.82 per share, with a total value of $131,892.00. Following the acquisition, the director now directly owns 2,480 shares of the company’s stock, valued at $545,153.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph E. Creed sold 5,004 shares of the business’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $235.00, for a total transaction of $1,175,940.00. Following the completion of the transaction, the insider now directly owns 2,757 shares of the company’s stock, valued at approximately $647,895. The disclosure for this sale can be found here. Insiders sold a total of 49,176 shares of company stock valued at $10,951,020 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Waypoint Capital Advisors LLC grew its holdings in shares of Caterpillar by 3.0% in the 1st quarter. Waypoint Capital Advisors LLC now owns 1,520 shares of the industrial products company’s stock valued at $338,000 after buying an additional 44 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its position in Caterpillar by 0.7% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 6,784 shares of the industrial products company’s stock worth $1,403,000 after buying an additional 46 shares in the last quarter. Ballast Inc. raised its holdings in shares of Caterpillar by 1.7% in the 1st quarter. Ballast Inc. now owns 2,880 shares of the industrial products company’s stock valued at $641,000 after purchasing an additional 47 shares during the period. Next Level Private LLC grew its stake in shares of Caterpillar by 3.9% in the first quarter. Next Level Private LLC now owns 1,267 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 47 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in Caterpillar by 1.5% in the 4th quarter. Indiana Trust & Investment Management CO now owns 3,396 shares of the industrial products company’s stock valued at $702,000 after buying an additional 50 shares during the last quarter. 67.44% of the stock is owned by institutional investors.
NYSE CAT traded up $6.87 on Friday, hitting $204.69. 89,545 shares of the stock traded hands, compared to its average volume of 3,703,195. The stock has a 50-day moving average of $217.09 and a 200 day moving average of $209.44. Caterpillar has a twelve month low of $179.67 and a twelve month high of $246.69. The company has a market capitalization of $109.17 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 1.48.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Monday, April 25th were given a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.17%. The ex-dividend date was Friday, April 22nd. Caterpillar’s dividend payout ratio (DPR) is presently 37.22%.
Caterpillar Company Profile (Get Rating)
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.
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