Caterpillar, Inc. (CAT) to Release Earnings on Tuesday
Caterpillar, Inc. (NYSE:CAT) is set to post its quarterly earnings results on Tuesday, October 24th. Analysts expect Caterpillar to post earnings of $1.13 per share for the quarter. Caterpillar has set its FY17 guidance at $5.00 EPS.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The firm had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. On average, analysts expect Caterpillar to post $5.26 EPS for the current fiscal year and $6.74 EPS for the next fiscal year.
Caterpillar, Inc. (CAT) opened at 131.47 on Tuesday. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $132.12. The company has a market cap of $77.70 billion, a price-to-earnings ratio of 734.47 and a beta of 1.25. The firm’s 50-day moving average is $122.86 and its 200-day moving average is $109.54.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is currently 2,080.00%.
In related news, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $114.30, for a total transaction of $1,584,083.70. Following the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 201,471 shares of company stock worth $22,979,332 in the last quarter. 0.14% of the stock is owned by corporate insiders.
A number of research firms recently weighed in on CAT. BMO Capital Markets raised their target price on shares of Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Credit Suisse Group reissued a “buy” rating and issued a $123.00 price objective on shares of Caterpillar in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Bank of America Corporation set a $120.00 price objective on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, June 20th. Finally, Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research report on Monday, September 11th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $118.88.
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