Zacks Research Issues Positive Outlook for PACCAR Earnings

PACCAR Inc. (NASDAQ:PCAR) – Investment analysts at Zacks Research boosted their Q1 2027 EPS estimates for shares of PACCAR in a research note issued on Friday, May 29th. Zacks Research analyst Team now expects that the company will earn $1.44 per share for the quarter, up from their previous forecast of $1.43. The consensus estimate for PACCAR’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for PACCAR’s Q1 2028 earnings at $1.60 EPS and FY2028 earnings at $7.24 EPS.

A number of other equities analysts have also recently weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research report on Tuesday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company set a $125.00 price objective on shares of PACCAR and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $109.00 price objective on shares of PACCAR and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Finally, Truist Financial increased their price objective on shares of PACCAR from $120.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $122.00.

PACCAR Stock Performance

PACCAR stock opened at $110.37 on Monday. The firm has a 50 day simple moving average of $117.34 and a 200-day simple moving average of $116.32. PACCAR has a 1-year low of $90.05 and a 1-year high of $131.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. The stock has a market cap of $58.09 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the company posted $1.46 EPS. The business’s revenue for the quarter was down 9.8% on a year-over-year basis.

Institutional Investors Weigh In On PACCAR

A number of hedge funds have recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators lifted its holdings in PACCAR by 9.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 887 shares of the company’s stock worth $97,000 after buying an additional 80 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in PACCAR by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company’s stock worth $2,869,000 after buying an additional 81 shares in the last quarter. CYBER HORNET ETFs LLC lifted its holdings in PACCAR by 6.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company’s stock worth $163,000 after buying an additional 87 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in PACCAR by 3.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,898 shares of the company’s stock worth $317,000 after buying an additional 87 shares in the last quarter. Finally, Jackson Square Capital LLC lifted its holdings in PACCAR by 3.5% during the 4th quarter. Jackson Square Capital LLC now owns 2,650 shares of the company’s stock worth $290,000 after buying an additional 90 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, May 13th. This is an increase from PACCAR’s previous quarterly dividend of $0.33. PACCAR’s dividend payout ratio is 29.79%.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.