Equities research analysts expect PACCAR Inc. (NASDAQ:PCAR) to announce sales of $4.55 billion for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for PACCAR’s earnings. The highest sales estimate is $4.76 billion and the lowest is $4.45 billion. PACCAR reported sales of $3.95 billion during the same quarter last year, which would suggest a positive year over year growth rate of 15.2%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that PACCAR will report full year sales of $4.55 billion for the current financial year, with estimates ranging from $16.91 billion to $18.02 billion. For the next fiscal year, analysts forecast that the company will report sales of $18.41 billion per share, with estimates ranging from $18.04 billion to $18.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PACCAR.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. 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 earned $1.06 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Stifel Nicolaus reissued a “hold” rating and issued a $72.00 price target on shares of PACCAR in a research report on Tuesday, September 5th. Buckingham Research assumed coverage on shares of PACCAR in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $71.74.

PACCAR (NASDAQ:PCAR) opened at 69.92 on Friday. The company has a market capitalization of $24.57 billion, a PE ratio of 18.72 and a beta of 1.15. The stock’s 50 day moving average is $66.25 and its 200 day moving average is $66.12. PACCAR has a one year low of $53.38 and a one year high of $70.32.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, November 13th. PACCAR’s payout ratio is 26.74%.

ILLEGAL ACTIVITY WARNING: “PACCAR Inc. (PCAR) Expected to Announce Quarterly Sales of $4.55 Billion” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/09/16/paccar-inc-pcar-expected-to-announce-quarterly-sales-of-4-55-billion.html.

In other news, insider T. Kyle Quinn sold 2,786 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total value of $189,141.54. Following the transaction, the insider now owns 20,800 shares of the company’s stock, valued at approximately $1,412,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.64% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of PACCAR by 91.1% in the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock valued at $123,000 after purchasing an additional 890 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of PACCAR by 18.8% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of PACCAR by 29.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock valued at $143,000 after purchasing an additional 500 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of PACCAR by 102.8% in the 2nd quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock valued at $151,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Sun Life Financial INC boosted its stake in shares of PACCAR by 19,884.6% in the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after purchasing an additional 2,585 shares in the last quarter. 62.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on PACCAR (PCAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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