PACCAR (PCAR) Set to Announce Quarterly Earnings on Tuesday

PACCAR (NASDAQ:PCAR) is set to issue its quarterly earnings data before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of $1.11 per share for the quarter.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, analysts expect PACCAR to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PACCAR (NASDAQ:PCAR) opened at $77.64 on Tuesday. PACCAR has a 1-year low of $61.93 and a 1-year high of $77.74. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $27,300.00, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.

The company also recently disclosed a special dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were issued a dividend of $1.20 per share. This represents a yield of 1.4%. The ex-dividend date was Wednesday, December 13th. PACCAR’s dividend payout ratio is 25.64%.

In other news, VP C Michael Dozier sold 3,618 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $69.02, for a total value of $249,714.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark C. Pigott sold 98,956 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $71.37, for a total value of $7,062,489.72. Following the completion of the transaction, the insider now owns 2,985,401 shares of the company’s stock, valued at approximately $213,068,069.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,598 shares of company stock valued at $7,597,908. Corporate insiders own 2.64% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised PACCAR from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and issued a $77.00 price target on shares of PACCAR in a research note on Tuesday, October 3rd. UBS Group reissued a “buy” rating and issued a $82.00 price target (up previously from $76.00) on shares of PACCAR in a research note on Tuesday, October 3rd. JPMorgan Chase & Co. raised PACCAR from a “neutral” rating to an “overweight” rating and increased their price target for the company from $70.00 to $83.00 in a research note on Wednesday, October 4th. Finally, Wells Fargo & Co increased their price target on PACCAR from $74.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $75.58.

ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/01/23/paccar-pcar-set-to-announce-quarterly-earnings-on-tuesday.html.

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.

Earnings History for PACCAR (NASDAQ:PCAR)

Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply