PACCAR Inc. (PCAR) to Release Earnings on Tuesday

PACCAR Inc. (NASDAQ:PCAR) is set to release its earnings data before the market opens on Tuesday, October 24th. Analysts expect PACCAR to post earnings of $0.98 per share for the quarter.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.29 billion. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. On average, analysts expect PACCAR to post $4.03 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.

Shares of PACCAR Inc. (PCAR) opened at 74.92 on Friday. The company has a market capitalization of $26.33 billion, a PE ratio of 20.05 and a beta of 1.18. PACCAR Inc. has a one year low of $53.38 and a one year high of $75.13. The firm’s 50-day moving average price is $71.21 and its 200 day moving average price is $67.00.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. PACCAR’s dividend payout ratio (DPR) is 26.74%.

In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total value of $189,141.54. Following the completion of the sale, the insider now owns 20,800 shares of the company’s stock, valued at $1,412,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.64% of the company’s stock.

PCAR has been the subject of a number of analyst reports. BidaskClub downgraded PACCAR from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, September 5th. Buckingham Research initiated coverage on PACCAR in a research report on Tuesday, September 5th. They set a “neutral” rating and a $65.00 price objective for the company. ValuEngine upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Finally, Citigroup Inc. raised their price objective on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. PACCAR has a consensus rating of “Hold” and an average price target of $75.84.

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PACCAR Company Profile

PACCAR Inc (PACCAR) is a technology company. The Company’s segmen

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.29 billion. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. On average, analysts expect PACCAR to post $4.03 EPS for the current fiscal year and $4.52 EPS for the next fiscal year.

Shares of PACCAR Inc. (PCAR) opened at 74.92 on Friday. The company has a market capitalization of $26.33 billion, a PE ratio of 20.05 and a beta of 1.18. PACCAR Inc. has a one year low of $53.38 and a one year high of $75.13. The firm’s 50-day moving average price is $71.21 and its 200 day moving average price is $67.00.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. PACCAR’s dividend payout ratio (DPR) is 26.74%.

In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total value of $189,141.54. Following the completion of the sale, the insider now owns 20,800 shares of the company’s stock, valued at $1,412,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.64% of the company’s stock.

PCAR has been the subject of a number of analyst reports. BidaskClub downgraded PACCAR from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, September 5th. Buckingham Research initiated coverage on PACCAR in a research report on Tuesday, September 5th. They set a “neutral” rating and a $65.00 price objective for the company. ValuEngine upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Finally, Citigroup Inc. raised their price objective on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. PACCAR has a consensus rating of “Hold” and an average price target of $75.84.

TRADEMARK VIOLATION WARNING: This piece of content was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/22/paccar-inc-pcar-to-release-earnings-on-tuesday.html.

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 for PACCAR (NASDAQ:PCAR)

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