$1.54 EPS Expected for PACCAR Inc (NASDAQ:PCAR) This Quarter

Wall Street analysts expect that PACCAR Inc (NASDAQ:PCAR – Get Rating) will announce $1.54 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for PACCAR’s earnings, with the highest EPS estimate coming in at $1.64 and the lowest estimate coming in at $1.47. PACCAR reported earnings per share of $1.35 in the same quarter last year, which would suggest a positive year over year growth rate of 14.1%. The company is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that PACCAR will report full-year earnings of $6.74 per share for the current financial year, with EPS estimates ranging from $5.77 to $7.15. For the next fiscal year, analysts forecast that the firm will post earnings of $7.63 per share, with EPS estimates ranging from $5.85 to $8.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PACCAR.

PACCAR (NASDAQ:PCAR – Get Rating) last announced its quarterly earnings results on Tuesday, January 25th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.16. The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $5.44 billion. PACCAR had a return on equity of 16.58% and a net margin of 7.87%. PACCAR’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS.

A number of analysts have recently commented on PCAR shares. Deutsche Bank Aktiengesellschaft lowered their price target on PACCAR from $100.00 to $96.00 and set a “hold” rating for the company in a research note on Thursday. UBS Group increased their target price on PACCAR from $90.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 26th. Raymond James increased their target price on PACCAR from $105.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 26th. Morgan Stanley increased their target price on PACCAR from $94.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 26th. Finally, StockNews.com started coverage on PACCAR in a research note on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $99.79.

Shares of PCAR stock traded up $0.47 on Friday, reaching $83.71. The company had a trading volume of 4,479,214 shares, compared to its average volume of 1,861,739. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.62. The stock has a market cap of $29.10 billion, a PE ratio of 15.76, a PEG ratio of 1.24 and a beta of 0.91. The company has a 50-day moving average of $88.73 and a 200-day moving average of $88.62. PACCAR has a 12 month low of $77.96 and a 12 month high of $97.56.

In other news, Director Alison J. Carnwath sold 29,233 shares of the stock in a transaction that occurred on Friday, January 28th. The stock was sold at an average price of $92.13, for a total value of $2,693,236.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jack K. Levier sold 8,620 shares of the stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $94.00, for a total value of $810,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,930 shares of company stock valued at $6,647,589 over the last ninety days. Company insiders own 2.05% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCAR. Paragon Capital Management Ltd acquired a new stake in PACCAR during the 4th quarter valued at $26,000. Exchange Traded Concepts LLC acquired a new stake in PACCAR during the 4th quarter valued at $28,000. Trust Co. of Vermont acquired a new stake in PACCAR during the 4th quarter valued at $30,000. Allworth Financial LP lifted its holdings in PACCAR by 54.3% during the 3rd quarter. Allworth Financial LP now owns 435 shares of the company’s stock valued at $34,000 after purchasing an additional 153 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in PACCAR during the 4th quarter valued at $37,000. 63.30% of the stock is owned by institutional investors.

About PACCAR (Get Rating)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.

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