PACCAR Inc Announces Quarterly Dividend of $0.22 (PCAR)
PACCAR (NASDAQ:PCAR) announced a quarterly dividend on Tuesday, July 8th, Analyst Ratings Network reports. Investors of record on Friday, August 15th will be paid a dividend of 0.22 per share on Friday, September 5th. This represents a $0.88 annualized dividend and a dividend yield of 1.34%.
A number of analysts have recently weighed in on PCAR shares. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of PACCAR in a research note on Friday, May 2nd. They now have a $65.00 price target on the stock. On a related note, analysts at Barclays reiterated an “equal weight” rating on shares of PACCAR in a research note on Wednesday, April 30th. They now have a $69.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of PACCAR from $65.00 to $63.00 in a research note on Wednesday, April 30th. They now have a “neutral” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. PACCAR presently has an average rating of “Hold” and an average target price of $67.57.
Shares of PACCAR (NASDAQ:PCAR) traded down 0.47% during mid-day trading on Tuesday, hitting $65.65. 1,969,823 shares of the company’s stock traded hands. PACCAR has a 1-year low of $53.07 and a 1-year high of $68.81. The stock’s 50-day moving average is $63.64 and its 200-day moving average is $62.7. The company has a market cap of $23.286 billion and a price-to-earnings ratio of 19.40.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the company posted $0.67 earnings per share. PACCAR’s revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that PACCAR will post $3.62 earnings per share for the current fiscal year.
PACCAR Inc (NASDAQ:PCAR) is engaged in the design, manufacture and customer support of light, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.
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