Equities research analysts expect Paccar (NASDAQ:PCAR) to report earnings per share of $1.43 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Paccar’s earnings. The highest EPS estimate is $1.50 and the lowest is $1.39. Paccar reported earnings of $1.06 per share during the same quarter last year, which indicates a positive year over year growth rate of 34.9%. The business is scheduled to issue its next earnings report on Tuesday, July 24th.
On average, analysts expect that Paccar will report full-year earnings of $5.63 per share for the current financial year, with EPS estimates ranging from $5.32 to $5.95. For the next year, analysts anticipate that the business will report earnings of $5.76 per share, with EPS estimates ranging from $5.30 to $6.25. Zacks’ EPS calculations are an average based on a survey of analysts that cover Paccar.
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Paccar (NASDAQ:PCAR) last issued its earnings results on Tuesday, April 24th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. Paccar had a net margin of 8.99% and a return on equity of 21.26%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year.
PCAR has been the topic of several recent analyst reports. Longbow Research upgraded shares of Paccar from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, March 6th. ValuEngine upgraded shares of Paccar from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Paccar from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, April 18th. Stifel Nicolaus restated a “hold” rating and set a $77.00 target price on shares of Paccar in a research report on Tuesday, January 30th. Finally, Susquehanna Bancshares set a $78.00 target price on shares of Paccar and gave the stock a “hold” rating in a research report on Friday, March 9th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the company’s stock. Paccar has an average rating of “Hold” and a consensus price target of $74.47.
Paccar traded down $0.59, hitting $64.64, on Friday, according to Marketbeat.com. 911,065 shares of the company were exchanged, compared to its average volume of 1,878,655. The company has a current ratio of 2.45, a quick ratio of 2.29 and a debt-to-equity ratio of 0.69. Paccar has a fifty-two week low of $60.36 and a fifty-two week high of $79.69. The firm has a market capitalization of $22.95 billion, a P/E ratio of 15.17, a PEG ratio of 1.19 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Tuesday, May 15th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, May 14th. This is an increase from Paccar’s previous quarterly dividend of $0.25. Paccar’s dividend payout ratio is 26.29%.
In related news, VP C Michael Dozier sold 13,348 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $63.45, for a total transaction of $846,930.60. Following the transaction, the vice president now owns 8,860 shares of the company’s stock, valued at $562,167. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider T. Kyle Quinn sold 9,964 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $64.69, for a total transaction of $644,571.16. Following the transaction, the insider now directly owns 32,000 shares in the company, valued at approximately $2,070,080. The disclosure for this sale can be found here. 2.64% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PCAR. BlackRock Inc. lifted its stake in shares of Paccar by 8.9% during the fourth quarter. BlackRock Inc. now owns 29,378,299 shares of the company’s stock valued at $2,088,211,000 after buying an additional 2,401,617 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Paccar by 1,334.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,936,530 shares of the company’s stock valued at $137,649,000 after buying an additional 1,801,500 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Paccar by 5,414.0% during the first quarter. Summit Trail Advisors LLC now owns 1,540,398 shares of the company’s stock valued at $1,540,000 after buying an additional 1,512,462 shares during the period. Viking Global Investors LP purchased a new position in shares of Paccar during the fourth quarter valued at approximately $80,152,000. Finally, Fulcrum Capital LLC purchased a new position in shares of Paccar during the fourth quarter valued at approximately $52,026,000. 63.19% of the stock is currently owned by institutional investors and hedge funds.
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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