$1.65 EPS Expected for PACCAR Inc (NASDAQ:PCAR) This Quarter

Equities analysts expect that PACCAR Inc (NASDAQ:PCAR) will report $1.65 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for PACCAR’s earnings, with estimates ranging from $1.58 to $1.79. PACCAR reported earnings of $1.55 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 22nd.

On average, analysts expect that PACCAR will report full year earnings of $6.77 per share for the current year, with EPS estimates ranging from $6.53 to $7.10. For the next year, analysts expect that the company will report earnings of $5.90 per share, with EPS estimates ranging from $5.50 to $6.80. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow PACCAR.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.04). PACCAR had a net margin of 9.43% and a return on equity of 25.99%. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis.

A number of brokerages recently issued reports on PCAR. Zacks Investment Research cut shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. BMO Capital Markets lifted their price objective on shares of PACCAR to $70.00 and gave the company a “market perform” rating in a research note on Friday, May 17th. Credit Suisse Group lifted their price objective on shares of Canadian National Railway from $101.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Longbow Research cut shares of Rush Enterprises from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of SAGE Therapeutics in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.89.

NASDAQ PCAR opened at $70.77 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.74. PACCAR has a 1-year low of $53.43 and a 1-year high of $73.00. The company has a 50 day simple moving average of $70.84. The firm has a market capitalization of $24.83 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.25.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.28 dividend on an annualized basis and a yield of 1.81%. PACCAR’s dividend payout ratio (DPR) is 20.51%.

In other PACCAR news, VP David J. Danforth sold 848 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $71.66, for a total transaction of $60,767.68. Following the sale, the vice president now owns 4,958 shares of the company’s stock, valued at $355,290.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Darrin C. Siver sold 5,067 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $70.10, for a total transaction of $355,196.70. Following the sale, the insider now directly owns 23,193 shares in the company, valued at approximately $1,625,829.30. The disclosure for this sale can be found here. Insiders sold 23,149 shares of company stock worth $1,614,832 over the last three months. 2.32% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Destination Wealth Management bought a new stake in shares of PACCAR during the second quarter worth $25,000. Cable Hill Partners LLC acquired a new position in shares of PACCAR during the first quarter worth $29,000. Enterprise Financial Services Corp lifted its holdings in shares of PACCAR by 76.8% during the second quarter. Enterprise Financial Services Corp now owns 488 shares of the company’s stock worth $35,000 after purchasing an additional 212 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of PACCAR during the first quarter worth $41,000. Finally, NEXT Financial Group Inc lifted its holdings in shares of PACCAR by 985.7% during the second quarter. NEXT Financial Group Inc now owns 608 shares of the company’s stock worth $44,000 after purchasing an additional 552 shares during the period. 63.34% of the stock is currently owned by hedge funds and other institutional investors.

About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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