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.
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.
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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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