Equities analysts expect PACCAR Inc. (NASDAQ:PCAR) to report $4.60 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for PACCAR’s earnings. The lowest sales estimate is $4.45 billion and the highest is $4.85 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 16.5%. The company is expected to report its next earnings report before the market opens on Tuesday, October 24th.

According to Zacks, analysts expect that PACCAR will report full-year sales of $4.60 billion for the current year, with estimates ranging from $16.91 billion to $18.06 billion. For the next fiscal year, analysts forecast that the business will report sales of $18.87 billion per share, with estimates ranging from $18.04 billion to $20.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover PACCAR.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS.

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of PACCAR from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 6th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of PACCAR in a report on Friday. J P Morgan Chase & Co upgraded shares of PACCAR from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $83.00 in a report on Wednesday, October 4th. Deutsche Bank AG reiterated a “hold” rating and set a $78.00 price target (up previously from $75.00) on shares of PACCAR in a report on Monday, October 9th. Finally, ValuEngine cut shares of PACCAR from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. PACCAR presently has an average rating of “Hold” and a consensus target price of $75.84.

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

Several institutional investors and hedge funds have recently made changes to their positions in PCAR. OppenheimerFunds Inc. increased its holdings in shares of PACCAR by 2.3% in the 1st quarter. OppenheimerFunds Inc. now owns 30,437 shares of the company’s stock valued at $2,045,000 after purchasing an additional 697 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of PACCAR by 12.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 21,024 shares of the company’s stock valued at $1,413,000 after purchasing an additional 2,396 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of PACCAR by 6.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 12,907 shares of the company’s stock valued at $867,000 after purchasing an additional 730 shares in the last quarter. Global X Management Co. LLC increased its holdings in shares of PACCAR by 27.6% in the 1st quarter. Global X Management Co. LLC now owns 3,235 shares of the company’s stock valued at $217,000 after purchasing an additional 700 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of PACCAR by 1.1% in the 1st quarter. Amalgamated Bank now owns 24,342 shares of the company’s stock valued at $1,636,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 62.17% of the company’s stock.

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Shares of PACCAR (PCAR) traded down 5.02% during trading on Tuesday, reaching $70.90. 2,587,183 shares of the company’s stock were exchanged. PACCAR has a 12-month low of $53.38 and a 12-month high of $75.68. The company has a 50 day moving average of $71.47 and a 200 day moving average of $67.06. The stock has a market cap of $24.91 billion, a P/E ratio of 18.98 and a beta of 1.17.

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. The ex-dividend date is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. PACCAR’s dividend payout ratio is presently 26.74%.

About PACCAR

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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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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