Caterpillar, Inc. (NYSE:CAT) to Release Quarterly Earnings on Tuesday
Caterpillar, Inc. (NYSE:CAT) is set to issue its quarterly earnings data on Tuesday, July 25th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Caterpillar has set its FY17 guidance at approx $3.75 EPS.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.62 by $0.66. Caterpillar had a positive return on equity of 16.46% and a negative net margin of 0.38%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. Caterpillar’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts expect Caterpillar to post $4.26 EPS for the current fiscal year and $5.35 EPS for the next fiscal year.
Caterpillar, Inc. (NYSE CAT) opened at 108.84 on Tuesday. The company has a 50-day moving average price of $104.38 and a 200 day moving average price of $97.66. Caterpillar, Inc. has a 1-year low of $78.34 and a 1-year high of $110.00. The stock’s market cap is $64.12 billion.
The business also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, July 18th. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s payout ratio is -1,140.70%.
CAT has been the subject of a number of research analyst reports. Credit Suisse Group set a $111.00 target price on shares of Caterpillar and gave the stock a “buy” rating in a research report on Monday, March 20th. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $89.96 target price for the company in a research report on Tuesday, March 21st. Zacks Investment Research downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) raised shares of Caterpillar from a “buy” rating to a “conviction-buy” rating and set a $120.00 target price for the company in a research report on Tuesday, April 4th. Finally, Deutsche Bank AG dropped their price target on shares of Caterpillar from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $97.72.
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