$4.85 Billion in Sales Expected for PACCAR Inc. (PCAR) This Quarter
Equities research analysts expect PACCAR Inc. (NASDAQ:PCAR) to announce sales of $4.85 billion for the current quarter, Zacks reports. Six analysts have provided estimates for PACCAR’s earnings, with the lowest sales estimate coming in at $4.79 billion and the highest estimate coming in at $4.93 billion. PACCAR reported sales of $4.07 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The firm is scheduled to announce its next earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that PACCAR will report full year sales of $4.85 billion for the current fiscal year, with estimates ranging from $17.86 billion to $17.99 billion. For the next financial year, analysts anticipate that the business will report sales of $19.49 billion per share, with estimates ranging from $19.10 billion to $20.26 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for PACCAR.
PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year.
In other news, insider Mark C. Pigott sold 98,956 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $71.37, for a total transaction of $7,062,489.72. Following the completion of the transaction, the insider now directly owns 2,985,401 shares of the company’s stock, valued at approximately $213,068,069.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total transaction of $285,704.00. Following the completion of the sale, the vice president now directly owns 24,319 shares of the company’s stock, valued at $1,726,649. The disclosure for this sale can be found here. Insiders sold a total of 106,598 shares of company stock valued at $7,597,908 in the last three months. Insiders own 2.64% of the company’s stock.
Several hedge funds have recently bought and sold shares of PCAR. Boston Partners bought a new position in shares of PACCAR during the third quarter valued at $155,973,000. Principal Financial Group Inc. lifted its holdings in PACCAR by 381.5% in the second quarter. Principal Financial Group Inc. now owns 2,573,188 shares of the company’s stock valued at $169,932,000 after acquiring an additional 2,038,761 shares during the period. BlackRock Inc. increased its position in PACCAR by 6.6% in the second quarter. BlackRock Inc. now owns 25,508,314 shares of the company’s stock worth $1,684,572,000 after buying an additional 1,572,038 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in PACCAR in the second quarter worth about $82,298,000. Finally, Vanguard Group Inc. increased its position in PACCAR by 5.0% in the second quarter. Vanguard Group Inc. now owns 24,555,355 shares of the company’s stock worth $1,621,636,000 after buying an additional 1,164,896 shares in the last quarter. Institutional investors and hedge funds own 62.35% of the company’s stock.
PACCAR (NASDAQ:PCAR) opened at $70.33 on Friday. The company has a market capitalization of $24,095.85, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.64 and a beta of 1.24. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.75. PACCAR has a twelve month low of $58.78 and a twelve month high of $75.68.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.42%. PACCAR’s payout ratio is currently 25.64%.
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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