Equities analysts predict that PACCAR Inc (NASDAQ:PCAR) will post sales of $4.84 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for PACCAR’s earnings. The highest sales estimate is $4.93 billion and the lowest is $4.75 billion. PACCAR posted sales of $4.07 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 18.9%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, January 30th.

According to Zacks, analysts expect that PACCAR will report full year sales of $4.84 billion for the current year, with estimates ranging from $17.82 billion to $17.99 billion. For the next year, analysts anticipate that the company will post sales of $19.88 billion per share, with estimates ranging from $19.35 billion to $21.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for PACCAR.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 19.7% on a year-over-year basis.

A number of analysts have recently weighed in on PCAR shares. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, January 2nd. Wells Fargo & Co upped their target price on shares of PACCAR from $75.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, September 26th. Citigroup upped their target price on shares of PACCAR from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. PACCAR has a consensus rating of “Hold” and an average price target of $75.58.

PACCAR (NASDAQ PCAR) opened at $77.51 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40. PACCAR has a 1-year low of $61.93 and a 1-year high of $77.64. The company has a market cap of $27,253.31, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.

The company also recently disclosed a special dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were given a dividend of $1.20 per share. This represents a yield of 1.4%. The ex-dividend date was Wednesday, December 13th. PACCAR’s dividend payout ratio (DPR) is 25.64%.

In related news, VP C Michael Dozier sold 3,618 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total transaction of $285,704.00. Following the sale, the vice president now directly owns 24,319 shares in the company, valued at $1,726,649. The disclosure for this sale can be found here. Insiders have sold a total of 106,598 shares of company stock worth $7,597,908 over the last three months. 2.64% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Boston Partners purchased a new stake in shares of PACCAR during the 3rd quarter valued at about $155,973,000. Renaissance Technologies LLC purchased a new stake in shares of PACCAR during the 2nd quarter valued at about $82,298,000. Point72 Asset Management L.P. boosted its holdings in shares of PACCAR by 845.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 919,047 shares of the company’s stock valued at $66,484,000 after acquiring an additional 821,847 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PACCAR by 11.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,765,314 shares of the company’s stock valued at $489,402,000 after acquiring an additional 694,185 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of PACCAR by 240.0% during the 3rd quarter. First Trust Advisors LP now owns 606,651 shares of the company’s stock valued at $43,885,000 after acquiring an additional 428,228 shares during the last quarter. 62.17% of the stock is currently owned by institutional investors.

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About PACCAR

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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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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