$1.19 EPS Expected for Caterpillar, Inc. (CAT) This Quarter
Equities analysts expect that Caterpillar, Inc. (NYSE:CAT) will post $1.19 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Caterpillar’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.27. Caterpillar posted earnings per share of $0.85 during the same quarter last year, which suggests a positive year over year growth rate of 40%. The business is expected to report its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Caterpillar will report full-year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $4.99 to $5.50. For the next year, analysts forecast that the company will report earnings of $6.63 per share, with EPS estimates ranging from $5.75 to $7.25. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Caterpillar.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same period last year, the business posted $1.09 EPS. Caterpillar’s revenue for the quarter was up 9.6% on a year-over-year basis.
Several equities research analysts have commented on the company. Credit Suisse Group restated a “buy” rating and set a $123.00 price target on shares of Caterpillar in a research note on Thursday, June 22nd. Vetr lowered Caterpillar from a “sell” rating to a “strong sell” rating and set a $86.90 price target for the company. in a research note on Tuesday, April 25th. Bank of America Corporation set a $120.00 price target on Caterpillar and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Stifel Nicolaus restated a “hold” rating and set a $125.00 price target on shares of Caterpillar in a research note on Sunday, July 30th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $110.00 target price on shares of Caterpillar in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $107.15.
ILLEGAL ACTIVITY WARNING: “$1.19 EPS Expected for Caterpillar, Inc. (CAT) This Quarter” was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/08/17/1-19-eps-expected-for-caterpillar-inc-cat-this-quarter.html.
Caterpillar (CAT) opened at 114.12 on Thursday. Caterpillar has a one year low of $79.93 and a one year high of $115.46. The stock has a market capitalization of $67.44 billion, a PE ratio of 637.54 and a beta of 1.25. The company’s 50-day moving average price is $110.60 and its 200-day moving average price is $101.57.
The company also recently announced a quarterly dividend, which will be paid on Saturday, August 19th. Shareholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, July 18th. This is an increase from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.
In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,471 shares of company stock worth $22,979,332. 0.15% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Baker Ellis Asset Management LLC bought a new stake in shares of Caterpillar during the second quarter valued at about $104,000. Motco increased its stake in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after buying an additional 718 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares during the period. Howe & Rusling Inc. increased its stake in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock valued at $101,000 after buying an additional 372 shares during the period. Finally, Reilly Financial Advisors LLC increased its stake in shares of Caterpillar by 92.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after buying an additional 535 shares during the period. 70.27% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.