Equities analysts predict that Paccar (NASDAQ:PCAR) will report $1.43 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Paccar’s earnings. The lowest EPS estimate is $1.39 and the highest is $1.50. Paccar posted earnings of $1.06 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 34.9%. The firm is expected to report its next earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that Paccar will report full-year earnings of $5.63 per share for the current year, with EPS estimates ranging from $5.32 to $5.95. For the next year, analysts forecast that the company will post earnings of $5.76 per share, with EPS estimates ranging from $5.30 to $6.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Paccar.
Paccar (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, April 24th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.14. Paccar had a net margin of 8.99% and a return on equity of 21.26%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s revenue was up 35.2% compared to the same quarter last year.
PCAR has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $75.00 price target on shares of Paccar in a report on Monday, February 5th. JPMorgan Chase & Co. set a $72.00 price target on shares of Paccar and gave the company a “hold” rating in a report on Wednesday, April 25th. BidaskClub lowered shares of Paccar from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research downgraded shares of Paccar from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Wells Fargo & Co set a $70.00 price objective on shares of Paccar and gave the company a “market perform” rating in a research report on Wednesday, April 25th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the stock. Paccar has an average rating of “Hold” and a consensus price target of $74.47.
In other Paccar news, VP C Michael Dozier sold 13,348 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $63.45, for a total value of $846,930.60. Following the completion of the sale, the vice president now directly owns 8,860 shares of the company’s stock, valued at $562,167. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider T. Kyle Quinn sold 9,964 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $64.69, for a total transaction of $644,571.16. Following the completion of the sale, the insider now directly owns 32,000 shares of the company’s stock, valued at $2,070,080. The disclosure for this sale can be found here. Insiders own 2.64% of the company’s stock.
A number of hedge funds have recently bought and sold shares of PCAR. BlackRock Inc. lifted its stake in shares of Paccar by 8.9% in the fourth quarter. BlackRock Inc. now owns 29,378,299 shares of the company’s stock worth $2,088,211,000 after buying an additional 2,401,617 shares during the last quarter. Fulcrum Capital LLC acquired a new stake in shares of Paccar in the fourth quarter worth $52,026,000. MetLife Investment Advisors LLC acquired a new stake in shares of Paccar in the fourth quarter worth $7,733,000. Miller Howard Investments Inc. NY acquired a new stake in shares of Paccar in the fourth quarter worth $3,089,000. Finally, Global Financial Private Capital LLC acquired a new stake in shares of Paccar in the fourth quarter worth $950,000. 63.19% of the stock is owned by institutional investors.
Shares of PCAR stock traded up $0.14 during trading hours on Friday, reaching $65.23. 1,315,290 shares of the stock traded hands, compared to its average volume of 2,591,654. Paccar has a 1-year low of $60.36 and a 1-year high of $79.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.45 and a quick ratio of 2.29. The firm has a market capitalization of $23.13 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.20 and a beta of 1.24.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Tuesday, May 15th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.72%. This is an increase from Paccar’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, May 14th. Paccar’s payout ratio is currently 26.29%.
Paccar Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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