PACCAR Inc. (NASDAQ:PCAR) announced a quarterly dividend on Tuesday, July 11th, RTT News reports. Investors of record on Wednesday, August 16th will be given a dividend of 0.25 per share on Wednesday, September 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, August 14th.
Shares of PACCAR (NASDAQ PCAR) opened at 64.81 on Friday. PACCAR has a 52-week low of $53.38 and a 52-week high of $70.32. The stock has a market cap of $22.77 billion, a PE ratio of 17.35 and a beta of 1.14. The company’s 50-day moving average is $67.26 and its 200-day moving average is $66.54.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that PACCAR will post $4.00 EPS for the current year.
In related news, insider T. Kyle Quinn sold 2,786 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total value of $189,141.54. Following the completion of the sale, the insider now owns 20,800 shares in the company, valued at approximately $1,412,112. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.64% of the stock is owned by corporate insiders.
A number of brokerages recently issued reports on PCAR. BidaskClub upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price target (up previously from $64.00) on shares of PACCAR in a research note on Wednesday, July 26th. Citigroup Inc. lifted their price target on shares of PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. UBS AG reiterated a “buy” rating and issued a $76.00 price target (up previously from $75.00) on shares of PACCAR in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of PACCAR from a “sell” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. PACCAR currently has an average rating of “Hold” and a consensus price target of $72.00.
PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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