Brokerages forecast that PACCAR Inc (NASDAQ:PCAR) will post $1.56 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PACCAR’s earnings, with the lowest EPS estimate coming in at $1.50 and the highest estimate coming in at $1.61. PACCAR reported earnings of $1.18 per share during the same quarter last year, which would suggest a positive year over year growth rate of 32.2%. The business is expected to announce its next quarterly earnings results on Tuesday, January 29th.

On average, analysts expect that PACCAR will report full-year earnings of $6.16 per share for the current fiscal year, with EPS estimates ranging from $6.09 to $6.20. For the next year, analysts expect that the business will report earnings of $6.24 per share, with EPS estimates ranging from $5.80 to $6.40. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover PACCAR.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, October 23rd. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.51 by $0.04. PACCAR had a net margin of 9.73% and a return on equity of 23.52%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the company earned $1.14 EPS. PACCAR’s revenue was up 14.5% on a year-over-year basis.

PCAR has been the subject of several analyst reports. BidaskClub upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. ValuEngine upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Credit Suisse Group lowered their price target on shares of PACCAR from $69.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. Argus cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Wednesday. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $68.87.

In other news, VP David J. Danforth sold 651 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $59.44, for a total value of $38,695.44. Following the sale, the vice president now owns 5,453 shares of the company’s stock, valued at $324,126.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Douglas S. Grandstaff sold 607 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $59.67, for a total transaction of $36,219.69. Following the completion of the sale, the vice president now directly owns 5,284 shares in the company, valued at approximately $315,296.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,262 shares of company stock worth $11,490,110. Insiders own 2.64% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Garde Capital Inc. lifted its position in shares of PACCAR by 6.0% in the second quarter. Garde Capital Inc. now owns 13,275 shares of the company’s stock worth $823,000 after purchasing an additional 750 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of PACCAR by 1.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 49,492 shares of the company’s stock worth $3,067,000 after purchasing an additional 783 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of PACCAR by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 47,007 shares of the company’s stock worth $3,204,000 after purchasing an additional 837 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in PACCAR by 1.7% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 53,474 shares of the company’s stock worth $3,646,000 after acquiring an additional 900 shares in the last quarter. Finally, Huntington National Bank raised its position in PACCAR by 39.5% during the third quarter. Huntington National Bank now owns 3,205 shares of the company’s stock worth $219,000 after acquiring an additional 907 shares in the last quarter. 61.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PCAR traded up $0.88 during trading on Thursday, hitting $60.56. 1,358,803 shares of the company’s stock were exchanged, compared to its average volume of 2,283,370. PACCAR has a 1-year low of $53.95 and a 1-year high of $79.69. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.63 and a quick ratio of 2.44. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.88 and a beta of 1.39.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, November 9th. PACCAR’s payout ratio is currently 26.29%.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers 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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