Wall Street analysts predict that Caterpillar, Inc. (NYSE:CAT) will announce $1.69 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Caterpillar’s earnings. The lowest EPS estimate is $1.53 and the highest is $1.80. Caterpillar reported earnings of $0.83 per share during the same quarter last year, which indicates a positive year over year growth rate of 103.6%. The firm is scheduled to report its next earnings report on Thursday, January 25th.

On average, analysts expect that Caterpillar will report full-year earnings of $6.40 per share for the current financial year, with EPS estimates ranging from $6.20 to $6.53. For the next financial year, analysts forecast that the firm will report earnings of $7.63 per share, with EPS estimates ranging from $7.14 to $8.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Caterpillar.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year.

A number of brokerages have recently issued reports on CAT. Wells Fargo & Company reissued an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr raised Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target on the stock in a research report on Thursday, August 10th. Deutsche Bank AG set a $149.00 price target on Caterpillar and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research report on Monday. Finally, Citigroup Inc. boosted their price target on Caterpillar from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has an average rating of “Hold” and a consensus target price of $133.70.

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In other news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares in the company, valued at $2,078,888.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lange Bob De sold 1,572 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. S. R. Schill & Associates lifted its stake in Caterpillar by 0.3% in the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 6 shares in the last quarter. Northstar Group Inc. lifted its stake in Caterpillar by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 8 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Caterpillar by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 10 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in Caterpillar by 0.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 10 shares in the last quarter. Finally, Ironwood Investment Counsel LLC lifted its stake in Caterpillar by 0.3% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 10 shares in the last quarter. 69.34% of the stock is owned by institutional investors and hedge funds.

Caterpillar (CAT) traded down 0.96% on Monday, reaching $136.49. 3,044,543 shares of the company’s stock were exchanged. Caterpillar has a 1-year low of $80.33 and a 1-year high of $140.44. The company has a market capitalization of $80.66 billion, a PE ratio of 762.51 and a beta of 1.25. The company has a 50 day moving average price of $127.67 and a 200-day moving average price of $112.68.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. Caterpillar’s payout ratio is 216.67%.

Caterpillar Company Profile

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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