Equities research analysts expect that PACCAR Inc (NASDAQ:PCAR) will report $1.29 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for PACCAR’s earnings. The highest EPS estimate is $1.35 and the lowest is $1.13. PACCAR reported earnings of $0.88 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 46.6%. The firm is expected to issue its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that PACCAR will report full-year earnings of $5.27 per share for the current financial year, with EPS estimates ranging from $4.52 to $5.66. For the next financial year, analysts forecast that the business will post earnings of $5.44 per share, with EPS estimates ranging from $4.70 to $5.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow PACCAR.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.87 billion. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS.
A number of brokerages have weighed in on PCAR. ValuEngine lowered PACCAR from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna Bancshares set a $78.00 target price on PACCAR and gave the stock a “hold” rating in a research note on Friday, March 9th. Longbow Research upgraded PACCAR from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, March 6th. Morgan Stanley began coverage on PACCAR in a research note on Friday, March 2nd. They issued an “underweight” rating and a $69.00 target price on the stock. Finally, Wells Fargo & Co restated a “hold” rating and issued a $75.00 target price (down from $80.00) on shares of PACCAR in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.24.
PACCAR (PCAR) opened at $66.35 on Monday. The firm has a market capitalization of $23,723.53, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. The company has a quick ratio of 2.34, a current ratio of 2.49 and a debt-to-equity ratio of 0.74. PACCAR has a one year low of $61.93 and a one year high of $79.69.
In other news, VP Marco A. Davila acquired 570 shares of PACCAR stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $69.05 per share, for a total transaction of $39,358.50. Following the transaction, the vice president now owns 7,536 shares of the company’s stock, valued at $520,360.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.64% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its holdings in PACCAR by 2.0% during the 3rd quarter. Nationwide Fund Advisors now owns 116,603 shares of the company’s stock valued at $8,435,000 after acquiring an additional 2,334 shares during the period. American Century Companies Inc. boosted its holdings in PACCAR by 1.7% during the 3rd quarter. American Century Companies Inc. now owns 718,760 shares of the company’s stock valued at $51,995,000 after acquiring an additional 12,031 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in PACCAR by 3.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 37,498 shares of the company’s stock valued at $2,713,000 after acquiring an additional 1,201 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in PACCAR by 222.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 142,576 shares of the company’s stock valued at $10,314,000 after acquiring an additional 98,332 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in PACCAR during the 3rd quarter valued at about $4,811,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.
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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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