Equities research analysts expect PACCAR Inc. (NASDAQ:PCAR) to announce sales of $4.55 billion for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for PACCAR’s earnings. The highest sales estimate is $4.76 billion and the lowest is $4.45 billion. PACCAR reported sales of $3.95 billion during the same quarter last year, which would suggest a positive year over year growth rate of 15.2%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that PACCAR will report full year sales of $4.55 billion for the current financial year, with estimates ranging from $16.91 billion to $18.02 billion. For the next fiscal year, analysts forecast that the company will report sales of $18.41 billion per share, with estimates ranging from $18.04 billion to $18.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PACCAR.
PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm earned $1.06 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. ValuEngine raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Stifel Nicolaus reissued a “hold” rating and issued a $72.00 price target on shares of PACCAR in a research report on Tuesday, September 5th. Buckingham Research assumed coverage on shares of PACCAR in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $71.74.
PACCAR (NASDAQ:PCAR) opened at 69.92 on Friday. The company has a market capitalization of $24.57 billion, a PE ratio of 18.72 and a beta of 1.15. The stock’s 50 day moving average is $66.25 and its 200 day moving average is $66.12. PACCAR has a one year low of $53.38 and a one year high of $70.32.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, November 13th. PACCAR’s payout ratio is 26.74%.
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In other news, insider T. Kyle Quinn sold 2,786 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total value of $189,141.54. Following the transaction, the insider now owns 20,800 shares of the company’s stock, valued at approximately $1,412,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.64% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of PACCAR by 91.1% in the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock valued at $123,000 after purchasing an additional 890 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of PACCAR by 18.8% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of PACCAR by 29.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock valued at $143,000 after purchasing an additional 500 shares in the last quarter. Perkins Coie Trust Co boosted its stake in shares of PACCAR by 102.8% in the 2nd quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock valued at $151,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Sun Life Financial INC boosted its stake in shares of PACCAR by 19,884.6% in the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after purchasing an additional 2,585 shares in the last quarter. 62.69% of the stock is currently owned by hedge funds and other institutional investors.
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.
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