Paccar Inc. Expected to Post FY2017 Earnings of $3.35 Per Share (PCAR)
Paccar Inc. (NASDAQ:PCAR) – Research analysts at Credit Agricole SA issued their FY2017 earnings estimates for shares of Paccar in a report released on Thursday. Credit Agricole SA analyst K. Kubacki anticipates that the firm will post earnings of $3.35 per share for the year. Credit Agricole SA has a “Outperform” rating and a $65.00 price objective on the stock. Credit Agricole SA also issued estimates for Paccar’s FY2018 earnings at $3.85 EPS.
Paccar (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. The firm earned $4.12 billion during the quarter, compared to analysts’ expectations of $4.17 billion. Paccar had a return on equity of 21.92% and a net margin of 3.71%. Paccar’s revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share.
Other analysts have also recently issued research reports about the company. Robert W. Baird restated a “buy” rating on shares of Paccar in a research note on Tuesday, June 28th. Deutsche Bank AG assumed coverage on Paccar in a research report on Tuesday, September 6th. They set a “hold” rating and a $63.00 price target on the stock. BMO Capital Markets reiterated a “hold” rating and set a $57.00 price target on shares of Paccar in a research report on Friday, July 29th. Zacks Investment Research upgraded Paccar from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Paccar in a research report on Thursday, June 16th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Paccar has an average rating of “Hold” and a consensus price target of $56.13.
Paccar (NASDAQ:PCAR) opened at 58.78 on Monday. Paccar has a one year low of $43.46 and a one year high of $60.86. The firm has a market capitalization of $20.60 billion, a PE ratio of 31.20 and a beta of 1.51. The company’s 50-day moving average price is $58.38 and its 200 day moving average price is $55.97.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Wednesday, November 16th. Paccar’s dividend payout ratio is presently 51.34%.
Several large investors have recently added to or reduced their stakes in PCAR. Landscape Capital Management L.L.C. raised its stake in Paccar by 281.9% in the first quarter. Landscape Capital Management L.L.C. now owns 60,259 shares of the company’s stock valued at $3,296,000 after buying an additional 44,480 shares in the last quarter. Advisor Partners LLC acquired a new stake in Paccar during the first quarter worth about $302,000. NN Investment Partners Holdings N.V. acquired a new stake in Paccar during the first quarter worth about $111,000. Bristlecone Advisors LLC raised its stake in Paccar by 6.0% in the first quarter. Bristlecone Advisors LLC now owns 63,469 shares of the company’s stock worth $3,471,000 after buying an additional 3,616 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its stake in Paccar by 15.6% in the first quarter. BlackRock Japan Co. Ltd now owns 668,424 shares of the company’s stock worth $36,556,000 after buying an additional 90,229 shares during the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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