Wall Street analysts expect Caterpillar Inc. (NYSE:CAT) to announce earnings per share (EPS) of $2.40 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Caterpillar’s earnings, with estimates ranging from $2.35 to $2.51. Caterpillar reported earnings per share of $2.55 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.9%. The firm is expected to report its next quarterly earnings results on Monday, January 27th.

According to Zacks, analysts expect that Caterpillar will report full year earnings of $10.87 per share for the current financial year, with EPS estimates ranging from $10.66 to $11.00. For the next financial year, analysts expect that the business will post earnings of $10.80 per share, with EPS estimates ranging from $9.88 to $11.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Caterpillar.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.82 by ($0.16). The firm had revenue of $12.76 billion during the quarter, compared to analyst estimates of $13.49 billion. Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.86 EPS.

Several brokerages have issued reports on CAT. Credit Suisse Group restated a “buy” rating and issued a $150.00 price target on shares of Caterpillar in a research report on Thursday, October 24th. Wells Fargo & Co lowered shares of Caterpillar from an “outperform” rating to a “market perform” rating and set a $143.00 price target on the stock. in a report on Wednesday, September 11th. Cleveland Research reissued a “hold” rating on shares of Caterpillar in a research note on Monday, September 30th. ValuEngine upgraded Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Stephens started coverage on Caterpillar in a report on Wednesday, August 14th. They issued an “underweight” rating and a $100.00 price objective for the company. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $138.93.

In other Caterpillar news, CAO Gary Michael Marvel sold 2,180 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $139.38, for a total transaction of $303,848.40. Following the sale, the chief accounting officer now owns 2,180 shares of the company’s stock, valued at $303,848.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise C. Johnson sold 68,993 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $146.37, for a total value of $10,098,505.41. Over the last quarter, insiders have sold 95,141 shares of company stock valued at $13,717,142. 0.37% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC boosted its holdings in shares of Caterpillar by 15.0% during the 2nd quarter. Bogart Wealth LLC now owns 20,153 shares of the industrial products company’s stock worth $2,746,000 after buying an additional 2,626 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Caterpillar by 27.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 131,267 shares of the industrial products company’s stock worth $17,892,000 after purchasing an additional 28,579 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Caterpillar in the second quarter worth $249,000. Krueger & Catalano Capital Partners LLC grew its holdings in Caterpillar by 6.4% in the second quarter. Krueger & Catalano Capital Partners LLC now owns 4,892 shares of the industrial products company’s stock worth $667,000 after purchasing an additional 293 shares during the period. Finally, Roman Butler Fullerton & Co. increased its stake in Caterpillar by 19.0% in the second quarter. Roman Butler Fullerton & Co. now owns 5,751 shares of the industrial products company’s stock valued at $784,000 after purchasing an additional 920 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

NYSE:CAT opened at $142.96 on Friday. Caterpillar has a one year low of $111.75 and a one year high of $148.47. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. The company has a market cap of $79.99 billion, a PE ratio of 12.74, a P/E/G ratio of 1.52 and a beta of 1.54. The firm’s 50 day simple moving average is $141.03 and its 200 day simple moving average is $130.09.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Friday, October 18th. Caterpillar’s dividend payout ratio (DPR) is presently 36.72%.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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