Jefferies Group Comments on PACCAR Inc’s FY2018 Earnings (PCAR)

PACCAR Inc (NASDAQ:PCAR) – Jefferies Group raised their FY2018 earnings per share estimates for PACCAR in a report issued on Monday. Jefferies Group analyst S. Volkmann now anticipates that the company will earn $5.45 per share for the year, up from their previous forecast of $5.25. Jefferies Group currently has a “Buy” rating and a $85.00 price objective on the stock.

A number of other research firms have also recently weighed in on PCAR. Seaport Global Securities restated a “neutral” rating on shares of PACCAR in a research note on Tuesday, January 16th. Wells Fargo & Co lifted their target price on shares of PACCAR from $75.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Stifel Nicolaus restated a “hold” rating and set a $77.00 target price on shares of PACCAR in a research note on Tuesday, January 30th. Buckingham Research lifted their target price on shares of PACCAR from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada restated a “buy” rating and set a $82.00 target price on shares of PACCAR in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. PACCAR presently has an average rating of “Hold” and an average target price of $76.26.

PACCAR (NASDAQ:PCAR) traded up $0.74 on Tuesday, hitting $68.24. 2,129,900 shares of the company were exchanged, compared to its average volume of 2,456,206. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08. PACCAR has a 52 week low of $61.93 and a 52 week high of $79.69. The stock has a market cap of $23,990.00, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

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

Hedge funds have recently made changes to their positions in the business. NuWave Investment Management LLC purchased a new stake in PACCAR in the 4th quarter worth $160,000. Fuller & Thaler Asset Management Inc. purchased a new stake in PACCAR in the 4th quarter worth $171,000. Hartland & Co. LLC purchased a new stake in PACCAR in the 3rd quarter worth $206,000. Regentatlantic Capital LLC purchased a new stake in PACCAR in the 4th quarter worth $202,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of PACCAR in the 4th quarter worth about $206,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, February 12th. PACCAR’s payout ratio is currently 21.05%.

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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.

Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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