Caterpillar (NYSE:CAT) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $2.02 per share for the quarter. Caterpillar has set its FY18 guidance at $8.25-9.25 EPS.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.39. The firm had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. On average, analysts expect Caterpillar to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.
CAT stock opened at $153.25 on Monday. The company has a market cap of $91,586.18, a PE ratio of 22.27, a PEG ratio of 1.39 and a beta of 1.30. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35. Caterpillar has a one year low of $93.81 and a one year high of $173.24.
The company also recently declared a quarterly dividend, which will be paid on Saturday, May 19th. Stockholders of record on Monday, April 23rd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, April 20th. Caterpillar’s payout ratio is presently 45.35%.
CAT has been the topic of several analyst reports. Barclays set a $180.00 price target on shares of Caterpillar and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Bank of America lifted their price target on shares of Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Wells Fargo lifted their target price on shares of Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 target price for the company in a report on Monday, January 15th. Finally, Jefferies Group reiterated a “hold” rating and issued a $170.00 target price on shares of Caterpillar in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Caterpillar currently has a consensus rating of “Buy” and a consensus price target of $171.95.
In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the completion of the transaction, the insider now owns 96,268 shares in the company, valued at $15,700,348.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Suzette M. Long sold 528 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total transaction of $84,722.88. Following the completion of the transaction, the general counsel now owns 19,646 shares of the company’s stock, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.
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