Caterpillar, Inc. (CAT) Issues FY17 Earnings Guidance
Caterpillar, Inc. (NYSE:CAT) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.24. The company issued revenue guidance of $44000, compared to the consensus revenue estimate of $42.97 billion.
Caterpillar, Inc. (NYSE:CAT) opened at 131.68 on Tuesday. Caterpillar, Inc. has a 12-month low of $80.33 and a 12-month high of $132.34. The stock has a market capitalization of $77.82 billion, a P/E ratio of 735.64 and a beta of 1.25. The firm’s 50-day moving average price is $125.16 and its 200 day moving average price is $111.17.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.27 by $0.68. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $10.69 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. Caterpillar’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, equities analysts anticipate that Caterpillar, Inc. will post $5.29 EPS for the current year.
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 issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 2,080.00%.
Several equities analysts recently commented on the company. Wells Fargo & Company reissued an outperform rating on shares of Caterpillar in a report on Wednesday, July 26th. Vetr raised Caterpillar from a strong sell rating to a buy rating and set a $120.03 target price on the stock in a report on Thursday, August 10th. Citigroup Inc. increased their target price on Caterpillar from $115.00 to $125.00 and gave the company a neutral rating in a report on Wednesday, July 26th. Axiom Securities reissued a sell rating on shares of Caterpillar in a report on Thursday, July 13th. Finally, Tigress Financial reissued a buy rating on shares of Caterpillar in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Caterpillar has an average rating of Hold and an average target price of $119.82.
In related news, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is owned by insiders.
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