Brokerages expect PACCAR Inc (NASDAQ:PCAR) to announce $1.66 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for PACCAR’s earnings. The lowest EPS estimate is $1.59 and the highest is $1.72. PACCAR reported earnings per share of $1.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 14.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, April 30th.
On average, analysts expect that PACCAR will report full-year earnings of $6.43 per share for the current fiscal year, with EPS estimates ranging from $6.20 to $6.70. For the next year, analysts anticipate that the company will report earnings of $5.80 per share, with EPS estimates ranging from $5.52 to $6.70. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for PACCAR.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, January 29th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.08. PACCAR had a net margin of 9.34% and a return on equity of 25.01%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis.
PCAR has been the subject of several recent analyst reports. BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Tuesday, April 16th. Robert W. Baird raised shares of PACCAR from a “neutral” rating to an “outperform” rating and set a $66.32 price target on the stock in a research note on Thursday, February 7th. Piper Jaffray Companies increased their price target on shares of PACCAR to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $63.00 price target on shares of PACCAR in a research note on Tuesday, January 22nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $67.73.
In related news, VP David J. Danforth sold 1,549 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $64.49, for a total transaction of $99,895.01. Following the completion of the sale, the vice president now directly owns 6,571 shares of the company’s stock, valued at approximately $423,763.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Todd R. Hubbard sold 820 shares of the firm’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $65.75, for a total transaction of $53,915.00. Following the sale, the vice president now directly owns 2,446 shares of the company’s stock, valued at $160,824.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,989 shares of company stock valued at $4,160,345. Company insiders own 2.32% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in PACCAR in the first quarter valued at approximately $42,000. Berman Capital Advisors LLC bought a new position in PACCAR during the fourth quarter worth $43,000. Lindbrook Capital LLC bought a new position in PACCAR during the fourth quarter worth $47,000. American Research & Management Co. bought a new position in PACCAR during the first quarter worth $68,000. Finally, Synovus Financial Corp increased its position in PACCAR by 1,116.5% during the fourth quarter. Synovus Financial Corp now owns 1,253 shares of the company’s stock worth $72,000 after acquiring an additional 1,150 shares during the period. 62.64% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:PCAR traded down $0.89 on Thursday, hitting $70.59. The stock had a trading volume of 54,868 shares, compared to its average volume of 1,709,233. PACCAR has a twelve month low of $53.43 and a twelve month high of $72.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.18 and a current ratio of 2.33. The company has a market capitalization of $24.37 billion, a PE ratio of 11.32, a P/E/G ratio of 1.32 and a beta of 1.24.
PACCAR Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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