PACCAR Inc. (PCAR) to Release Quarterly Earnings on Tuesday
PACCAR Inc. (NASDAQ:PCAR) will be issuing its quarterly earnings data before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.98 per share for the quarter.
PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 25th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.29 billion. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. On average, analysts expect PACCAR to post $4.02 EPS for the current fiscal year and $4.46 EPS for the next fiscal year.
Shares of PACCAR Inc. (NASDAQ PCAR) opened at 72.71 on Tuesday. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 19.46 and a beta of 1.17. PACCAR Inc. has a 52 week low of $53.38 and a 52 week high of $74.79. The stock’s 50 day moving average is $70.23 and its 200-day moving average is $66.77.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, November 13th. PACCAR’s payout ratio is 26.74%.
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PCAR has been the subject of a number of recent analyst reports. BidaskClub downgraded PACCAR from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. UBS AG set a $75.00 price objective on PACCAR and gave the stock a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised PACCAR from a “sell” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective (up from $64.00) on shares of PACCAR in a research report on Wednesday, July 26th. Finally, Citigroup Inc. raised their price objective on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $75.42.
In related news, insider T. Kyle Quinn sold 2,786 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total transaction of $189,141.54. Following the completion of the sale, the insider now owns 20,800 shares in the company, valued at $1,412,112. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.64% of the stock is owned by 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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