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.

ILLEGAL ACTIVITY WARNING: “Caterpillar, Inc. (NYSE:CAT) to Release Quarterly Earnings on Tuesday” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/18/caterpillar-inc-nysecat-to-release-quarterly-earnings-on-tuesday.html.

About Caterpillar

Earnings History for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.