PACCAR Inc. (NASDAQ:PCAR) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS
PACCAR Inc. (NASDAQ:PCAR) released its quarterly earnings data on Tuesday. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07, RTT News reports. PACCAR had a return on equity of 19.13% and a net margin of 8.56%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm posted $1.06 earnings per share. PACCAR’s revenue was up 6.9% compared to the same quarter last year.
PACCAR (NASDAQ PCAR) opened at 69.14 on Tuesday. PACCAR has a 52-week low of $53.38 and a 52-week high of $70.12. The stock has a market capitalization of $24.29 billion, a PE ratio of 17.09 and a beta of 1.14. The stock’s 50 day moving average price is $65.81 and its 200-day moving average price is $66.41.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. PACCAR’s payout ratio is currently 24.69%.
Several equities research analysts recently commented on the company. BidaskClub raised PACCAR from a “sell” rating to a “hold” rating in a research report on Monday. Zacks Investment Research raised PACCAR from a “sell” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, July 12th. UBS AG set a $75.00 price objective on PACCAR and gave the company a “buy” rating in a research report on Thursday, July 6th. Seaport Global Securities reaffirmed a “buy” rating and set a $80.00 price objective on shares of PACCAR in a research report on Thursday, April 6th. Finally, Deutsche Bank AG increased their price objective on PACCAR from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $71.56.
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In other news, VP Alma Lily Ley sold 904 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $67.39, for a total value of $60,920.56. Following the sale, the vice president now owns 1,679 shares in the company, valued at $113,147.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.64% of the stock is owned by corporate insiders.
PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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