Zacks Research Estimates PACCAR’s Q1 Earnings (NASDAQ:PCAR)

PACCAR Inc (NASDAQ:PCAR) – Research analysts at Zacks Research dropped their Q1 2027 EPS estimates for shares of PACCAR in a report issued on Tuesday, May 13th. Zacks Research analyst R. Singhi now expects that the company will post earnings per share of $1.42 for the quarter, down from their prior estimate of $1.53. The consensus estimate for PACCAR’s current full-year earnings is $7.57 per share.

Other research analysts also recently issued reports about the company. Melius upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Melius Research set a $120.00 price objective on PACCAR in a research report on Tuesday, March 18th. UBS Group downgraded PACCAR from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Morgan Stanley downgraded PACCAR from an “overweight” rating to an “equal weight” rating and set a $96.00 price objective for the company. in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. downgraded PACCAR from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $105.00 to $90.00 in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $105.23.

PACCAR Price Performance

PCAR stock opened at $95.97 on Thursday. The firm has a 50 day moving average of $93.50 and a 200-day moving average of $103.93. PACCAR has a 12-month low of $84.65 and a 12-month high of $118.81. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The company has a market cap of $50.38 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.12). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the previous year, the business posted $2.27 earnings per share. PACCAR’s revenue was down 16.0% on a year-over-year basis.

Institutional Trading of PACCAR

Institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. grew its stake in shares of PACCAR by 8.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company’s stock valued at $8,916,000 after buying an additional 6,494 shares during the period. LPL Financial LLC grew its stake in shares of PACCAR by 6.1% during the 4th quarter. LPL Financial LLC now owns 212,405 shares of the company’s stock valued at $22,094,000 after buying an additional 12,143 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of PACCAR by 508.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 89,865 shares of the company’s stock valued at $9,348,000 after buying an additional 75,090 shares during the period. American Century Companies Inc. boosted its position in PACCAR by 15.8% during the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company’s stock worth $65,675,000 after purchasing an additional 86,215 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new stake in PACCAR during the 4th quarter worth $1,096,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Harrie Schippers sold 28,676 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the completion of the sale, the chief financial officer now directly owns 114,659 shares of the company’s stock, valued at $12,150,414.23. The trade was a 20.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, with a total value of $448,900.00. Following the completion of the purchase, the director now directly owns 13,015 shares in the company, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.02% of the stock is owned by corporate insiders.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.38%. PACCAR’s payout ratio is currently 20.00%.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.