PACCAR (PCAR) to Release Quarterly Earnings on Tuesday

PACCAR (NASDAQ:PCAR) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $2.15 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The company had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the previous year, the company earned $1.76 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts expect PACCAR to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PACCAR Stock Up 1.3 %

Shares of NASDAQ:PCAR opened at $112.58 on Tuesday. PACCAR has a 52 week low of $68.40 and a 52 week high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. The company’s fifty day moving average is $116.10 and its 200-day moving average is $101.25. The company has a market capitalization of $58.99 billion, a PE ratio of 12.84, a P/E/G ratio of 1.67 and a beta of 0.92.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.96%. PACCAR’s dividend payout ratio (DPR) is 12.31%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PCAR shares. The Goldman Sachs Group upped their price target on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. Royal Bank of Canada assumed coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 target price on the stock. Evercore ISI upped their target price on shares of PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley assumed coverage on shares of PACCAR in a research report on Monday, January 8th. They set an “overweight” rating and a $125.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PACCAR presently has an average rating of “Moderate Buy” and an average price target of $110.82.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the sale, the vice president now directly owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the sale, the vice president now directly owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Harrie Schippers sold 32,797 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the transaction, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The disclosure for this sale can be found here. In the last three months, insiders sold 153,496 shares of company stock valued at $15,834,812. 2.02% of the stock is owned by corporate insiders.

About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, 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.