Zacks Research Issues Negative Outlook for PACCAR Earnings

PACCAR Inc. (NASDAQ:PCAR) – Investment analysts at Zacks Research cut their Q2 2027 earnings per share estimates for PACCAR in a research note issued on Thursday, March 12th. Zacks Research analyst Team now anticipates that the company will earn $1.57 per share for the quarter, down from their previous estimate of $1.58. Zacks Research has a “Hold” rating on the stock. The consensus estimate for PACCAR’s current full-year earnings is $7.57 per share. Zacks Research also issued estimates for PACCAR’s Q3 2027 earnings at $1.63 EPS.

PCAR has been the topic of a number of other research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. JPMorgan Chase & Co. upped their price objective on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Citigroup lifted their target price on PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Wells Fargo & Company set a $119.00 price target on PACCAR and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley set a $109.00 price objective on PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, PACCAR currently has a consensus rating of “Hold” and an average target price of $116.50.

PACCAR Stock Performance

Shares of PCAR stock opened at $115.34 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. The firm has a market capitalization of $60.66 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.03. PACCAR has a one year low of $84.65 and a one year high of $131.88. The company has a 50 day moving average price of $122.79 and a 200 day moving average price of $109.30.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same period in the prior year, the firm posted $1.66 EPS. The company’s revenue was down 15.1% on a year-over-year basis.

Insider Activity

In other PACCAR news, CFO Brice J. Poplawski sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the transaction, the chief financial officer directly owned 903 shares of the company’s stock, valued at $117,760.23. This represents a 70.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP C Michael Dozier sold 79,076 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total value of $10,115,401.92. Following the transaction, the executive vice president owned 34,656 shares of the company’s stock, valued at approximately $4,433,195.52. This trade represents a 69.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 133,105 shares of company stock worth $16,869,046 over the last quarter. Corporate insiders own 2.02% of the company’s stock.

Institutional Trading of PACCAR

Several institutional investors have recently added to or reduced their stakes in PCAR. Ares Financial Consulting LLC acquired a new position in PACCAR during the 4th quarter worth $27,000. Private Wealth Management Group LLC raised its stake in shares of PACCAR by 293.1% in the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares in the last quarter. MCF Advisors LLC raised its stake in shares of PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 92 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of PACCAR during the fourth quarter worth about $30,000. Finally, Wealth Watch Advisors INC acquired a new position in PACCAR in the third quarter worth about $32,000. 64.90% of the stock is owned by institutional investors and hedge funds.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.