Analysts Expect Caterpillar Inc. (CAT) to Post $2.04 EPS

Analysts predict that Caterpillar Inc. (NYSE:CAT) will post earnings per share of $2.04 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Caterpillar’s earnings. The highest EPS estimate is $2.27 and the lowest is $1.87. Caterpillar posted earnings per share of $1.28 during the same quarter last year, which would indicate a positive year-over-year growth rate of 59.4%. The company is scheduled to report its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Caterpillar will report full year earnings of $9.09 per share for the current year, with EPS estimates ranging from $8.80 to $9.50. For the next fiscal year, analysts forecast that the company will report earnings of $10.38 per share, with EPS estimates ranging from $9.97 to $11.00. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Caterpillar.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.77 by $0.39. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The firm had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. During the same period in the previous year, the business earned $0.83 earnings per share. Caterpillar’s revenue for the quarter was up 34.7% compared to the same quarter last year.

Several brokerages have commented on CAT. Citigroup boosted their price target on shares of Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target on the stock in a research note on Thursday, October 19th. Argus lifted their price target on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Bank of America reissued a “buy” rating and issued a $189.00 price target (up previously from $158.00) on shares of Caterpillar in a research note on Friday, January 12th. Finally, Credit Suisse Group lifted their price target on Caterpillar from $146.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $167.60.

In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the transaction, the chief financial officer now owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the completion of the sale, the insider now directly owns 96,268 shares of the company’s stock, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,331 shares of company stock worth $22,107,578. Company insiders own 0.14% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CAT. Beach Investment Management LLC. bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $231,000. IFM Investors Pty Ltd bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $1,759,000. Gareth Morgan Investments Limited Partnership bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $1,994,000. Eaton Vance Management lifted its holdings in Caterpillar by 13.3% in the 2nd quarter. Eaton Vance Management now owns 1,945,586 shares of the industrial products company’s stock worth $209,073,000 after purchasing an additional 227,647 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in Caterpillar in the 2nd quarter worth approximately $2,383,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Shares of Caterpillar (NYSE CAT) traded up $1.64 during trading on Wednesday, reaching $155.61. 1,740,000 shares of the company’s stock traded hands, compared to its average volume of 6,970,000. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar has a 12-month low of $90.34 and a 12-month high of $173.24. The company has a market capitalization of $92,580.00, a PE ratio of 123.50, a PEG ratio of 1.63 and a beta of 1.22.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.01%. Caterpillar’s dividend payout ratio (DPR) is presently 247.62%.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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