$5.03 Billion in Sales Expected for PACCAR Inc (PCAR) This Quarter

Analysts expect that PACCAR Inc (NASDAQ:PCAR) will report $5.03 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for PACCAR’s earnings, with the highest sales estimate coming in at $5.24 billion and the lowest estimate coming in at $4.82 billion. PACCAR posted sales of $3.94 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.7%. The company is scheduled to report its next earnings report on Tuesday, April 24th.

On average, analysts expect that PACCAR will report full-year sales of $5.03 billion for the current financial year, with estimates ranging from $19.57 billion to $21.64 billion. For the next fiscal year, analysts forecast that the firm will report sales of $20.76 billion per share, with estimates ranging from $19.71 billion to $21.81 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow PACCAR.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.87 billion. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS.

PCAR has been the topic of several analyst reports. Susquehanna Bancshares began coverage on shares of PACCAR in a report on Wednesday, November 29th. They set a “neutral” rating and a $75.00 price target on the stock. Stifel Nicolaus restated a “hold” rating and issued a $75.00 target price on shares of PACCAR in a research note on Monday. Wells Fargo & Co dropped their target price on shares of PACCAR from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 target price on the stock in a research note on Friday, February 2nd. Finally, ValuEngine downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. PACCAR presently has a consensus rating of “Hold” and an average price target of $76.58.

In related news, VP C Michael Dozier sold 3,618 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.64% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. AHL Partners LLP lifted its position in PACCAR by 3.6% during the second quarter. AHL Partners LLP now owns 9,959 shares of the company’s stock valued at $658,000 after acquiring an additional 349 shares during the last quarter. QS Investors LLC increased its stake in PACCAR by 6.8% during the 2nd quarter. QS Investors LLC now owns 9,902 shares of the company’s stock valued at $654,000 after purchasing an additional 629 shares in the last quarter. Amalgamated Bank increased its stake in PACCAR by 1.9% during the 3rd quarter. Amalgamated Bank now owns 39,491 shares of the company’s stock valued at $2,857,000 after purchasing an additional 733 shares in the last quarter. Commonwealth Bank of Australia increased its stake in PACCAR by 1.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 42,437 shares of the company’s stock valued at $3,065,000 after purchasing an additional 791 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in PACCAR by 2.0% during the 4th quarter. DnB Asset Management AS now owns 46,243 shares of the company’s stock valued at $3,287,000 after purchasing an additional 900 shares in the last quarter. 62.37% of the stock is owned by institutional investors.

PACCAR (NASDAQ:PCAR) opened at $68.69 on Thursday. The company has a market cap of $24,690.00, a PE ratio of 14.46, a P/E/G ratio of 1.32 and a beta of 1.22. PACCAR has a fifty-two week low of $61.93 and a fifty-two week high of $79.69. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be given a $0.25 dividend. The ex-dividend date is Monday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. PACCAR’s payout ratio is presently 21.05%.

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About PACCAR

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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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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