Zacks: Brokerages Anticipate PACCAR Inc (PCAR) Will Post Earnings of $1.11 Per Share
Analysts forecast that PACCAR Inc (NASDAQ:PCAR) will announce earnings per share of $1.11 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for PACCAR’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.22. PACCAR posted earnings per share of $0.82 in the same quarter last year, which would indicate a positive year over year growth rate of 35.4%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that PACCAR will report full-year earnings of $4.18 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.30. For the next financial year, analysts expect that the company will report earnings of $4.67 per share, with EPS estimates ranging from $4.52 to $4.89. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow PACCAR.
PACCAR (NASDAQ:PCAR) last announced 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 during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the company posted $0.98 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis.
In other news, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction on Tuesday, October 31st. The stock was 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 owns 24,319 shares in the company, valued at approximately $1,726,649. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP C Michael Dozier sold 3,618 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.02, for a total value of $249,714.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,598 shares of company stock worth $7,597,908. Insiders own 2.64% of the company’s stock.
Large investors have recently made changes to their positions in the stock. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of PACCAR by 18.8% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after acquiring an additional 300 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of PACCAR by 19,884.6% in the second quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after purchasing an additional 2,585 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of PACCAR in the second quarter valued at approximately $201,000. Cetera Investment Advisers acquired a new stake in shares of PACCAR in the second quarter valued at approximately $204,000. Finally, Hartland & Co. LLC acquired a new stake in shares of PACCAR in the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 62.26% of the company’s stock.
Shares of PACCAR (NASDAQ PCAR) traded up $1.94 during trading hours on Wednesday, reaching $73.02. The company’s stock had a trading volume of 2,251,400 shares, compared to its average volume of 1,558,650. The stock has a market cap of $25,990.00, a PE ratio of 18.72, a P/E/G ratio of 1.52 and a beta of 1.22. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.75. PACCAR has a 12 month low of $61.93 and a 12 month high of $75.68.
The firm also recently declared a special dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 14th will be paid a $1.20 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 13th. PACCAR’s dividend payout ratio (DPR) is 25.64%.
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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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