Caterpillar (NYSE:CAT) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $2.86 per share for the quarter. Caterpillar has set its FY 2019 guidance at $11.75-12.75 EPS and its FY19 guidance at 11.75-12.75 EPS.
Caterpillar (NYSE:CAT) last released its earnings results on Monday, January 28th. The industrial products company reported $2.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.98 by ($0.43). The firm had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. Caterpillar’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $2.16 EPS. On average, analysts expect Caterpillar to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.
CAT stock opened at $142.03 on Wednesday. The stock has a market cap of $80.72 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.74 and a beta of 1.46. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.37 and a quick ratio of 0.96. Caterpillar has a 1 year low of $112.06 and a 1 year high of $161.60.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, April 18th. Caterpillar’s dividend payout ratio (DPR) is presently 30.66%.
A number of equities analysts have recently commented on CAT shares. Robert W. Baird set a $161.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Bank of America set a $152.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Morgan Stanley set a $160.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Credit Suisse Group restated a “buy” rating and set a $173.00 price objective on shares of Caterpillar in a research note on Thursday, February 14th. Finally, William Blair restated a “hold” rating on shares of Caterpillar in a research note on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $146.71.
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Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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