Caterpillar, Inc. (NYSE:CAT) – Research analysts at Jefferies Group boosted their Q4 2017 earnings estimates for shares of Caterpillar in a research report issued on Monday. Jefferies Group analyst S. Volkmann now anticipates that the industrial products company will earn $0.86 per share for the quarter, up from their previous forecast of $0.78.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, April 25th. The industrial products company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.66. Caterpillar had a positive return on equity of 16.46% and a negative net margin of 0.38%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This piece was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/07/19/q4-2017-eps-estimates-for-caterpillar-inc-increased-by-jefferies-group-nysecat.html.
A number of other brokerages have also recently issued reports on CAT. BidaskClub raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Axiom Securities reissued a “sell” rating on shares of Caterpillar in a report on Tuesday, June 6th. Raymond James Financial, Inc. raised shares of Caterpillar to a “buy” rating and set a $55.00 price target on the stock in a report on Thursday, April 27th. Bank of America Corporation raised shares of Caterpillar from a “neutral” rating to a “buy” rating and increased their price target for the company from $105.00 to $120.00 in a report on Thursday, May 11th. Finally, Vetr raised shares of Caterpillar from a “strong sell” rating to a “sell” rating and set a $90.53 price target on the stock in a report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.72.
Caterpillar (NYSE:CAT) traded up 0.71% during trading on Wednesday, reaching $107.83. The company’s stock had a trading volume of 1,127,297 shares. Caterpillar has a 52 week low of $78.34 and a 52 week high of $110.00. The company’s 50 day moving average price is $106.20 and its 200 day moving average price is $98.93. The company’s market cap is $63.52 billion. Caterpillar also saw some unusual options trading activity on Monday. Stock investors purchased 37,848 call options on the company. This is an increase of 377% compared to the average volume of 7,942 call options.
Institutional investors have recently modified their holdings of the company. Howe & Rusling Inc. raised its position in shares of Caterpillar by 52.0% in the first quarter. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company’s stock worth $101,000 after buying an additional 372 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Caterpillar during the first quarter worth approximately $107,000. First Personal Financial Services raised its position in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after buying an additional 750 shares during the period. Harfst & Associates Inc. acquired a new position in shares of Caterpillar during the first quarter worth approximately $111,000. Finally, Financial Architects Inc raised its position in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after buying an additional 65 shares during the period. Institutional investors own 70.70% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 19th. Stockholders of record on Thursday, July 20th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, July 18th. This is a positive change from Caterpillar’s previous quarterly dividend of $0.77. Caterpillar’s payout ratio is -1,140.70%.
Caterpillar Company Profile
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