$6.46 Billion in Sales Expected for PACCAR Inc (NASDAQ:PCAR) This Quarter

Analysts expect that PACCAR Inc (NASDAQ:PCARGet Rating) will report $6.46 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PACCAR’s earnings. The lowest sales estimate is $6.37 billion and the highest is $6.50 billion. PACCAR reported sales of $5.39 billion in the same quarter last year, which indicates a positive year over year growth rate of 19.9%. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that PACCAR will report full-year sales of $26.11 billion for the current fiscal year, with estimates ranging from $25.45 billion to $27.11 billion. For the next financial year, analysts forecast that the firm will post sales of $28.66 billion, with estimates ranging from $26.60 billion to $29.97 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow PACCAR.

PACCAR (NASDAQ:PCARGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. The company had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $5.86 billion. PACCAR had a net margin of 8.21% and a return on equity of 17.20%. PACCAR’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 EPS.

A number of brokerages have recently issued reports on PCAR. Deutsche Bank Aktiengesellschaft cut their price target on shares of PACCAR from $100.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, April 14th. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. UBS Group lifted their target price on shares of PACCAR from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, January 26th. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and dropped their target price for the company from $100.00 to $85.00 in a report on Tuesday, April 5th. Finally, Morgan Stanley dropped their target price on shares of PACCAR from $98.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, April 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $99.54.

Shares of NASDAQ PCAR opened at $85.35 on Tuesday. The company has a 50 day simple moving average of $86.30 and a 200-day simple moving average of $88.82. The company has a market capitalization of $29.67 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.47 and a quick ratio of 1.04. PACCAR has a 1 year low of $77.96 and a 1 year high of $97.56.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 11th will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, May 10th. This represents a $1.36 annualized dividend and a dividend yield of 1.59%. PACCAR’s dividend payout ratio (DPR) is currently 23.94%.

Several institutional investors have recently added to or reduced their stakes in PCAR. OPSEU Pension Plan Trust Fund lifted its position in PACCAR by 1.3% in the fourth quarter. OPSEU Pension Plan Trust Fund now owns 8,341 shares of the company’s stock valued at $754,000 after acquiring an additional 108 shares during the last quarter. Highland Private Wealth Management increased its stake in PACCAR by 3.6% in the fourth quarter. Highland Private Wealth Management now owns 3,255 shares of the company’s stock valued at $288,000 after purchasing an additional 113 shares during the period. Unison Advisors LLC increased its stake in PACCAR by 0.5% in the fourth quarter. Unison Advisors LLC now owns 22,063 shares of the company’s stock valued at $1,981,000 after purchasing an additional 118 shares during the period. Keybank National Association OH increased its stake in PACCAR by 0.9% in the first quarter. Keybank National Association OH now owns 13,862 shares of the company’s stock valued at $1,221,000 after purchasing an additional 119 shares during the period. Finally, Waldron Private Wealth LLC increased its stake in PACCAR by 4.8% in the first quarter. Waldron Private Wealth LLC now owns 2,619 shares of the company’s stock valued at $230,000 after purchasing an additional 119 shares during the period. 63.56% of the stock is owned by institutional investors and hedge funds.

PACCAR Company Profile (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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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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