Wall Street analysts forecast that PACCAR Inc (NASDAQ:PCAR) will announce $5.03 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for PACCAR’s earnings. The highest sales estimate is $5.24 billion and the lowest is $4.82 billion. PACCAR posted sales of $3.94 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 27.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.

On average, analysts expect that PACCAR will report full-year sales of $5.03 billion for the current fiscal year, with estimates ranging from $19.57 billion to $21.64 billion. For the next financial year, analysts anticipate that the company will report sales of $20.76 billion per share, with estimates ranging from $19.71 billion to $21.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for PACCAR.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. PACCAR’s quarterly revenue was up 36.0% compared to the same quarter last year.

PCAR has been the topic of a number of analyst reports. Piper Jaffray Companies set a $67.00 target price on shares of PACCAR and gave the stock a “hold” rating in a research note on Sunday, December 10th. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday, January 2nd. ValuEngine downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $76.58.

PACCAR (PCAR) opened at $68.69 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08. PACCAR has a 52 week low of $61.93 and a 52 week high of $79.69. The company has a market cap of $24,690.00, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Monday, February 12th. PACCAR’s dividend payout ratio (DPR) is currently 21.05%.

In related news, VP C Michael Dozier sold 3,618 shares of PACCAR stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $69.02, for a total value of $249,714.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.64% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC acquired a new position in shares of PACCAR in the fourth quarter valued at approximately $160,000. Regentatlantic Capital LLC acquired a new position in shares of PACCAR in the fourth quarter valued at approximately $202,000. Cetera Investment Advisers acquired a new position in shares of PACCAR in the second quarter valued at approximately $204,000. Hartland & Co. LLC acquired a new position in shares of PACCAR in the third quarter valued at approximately $206,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of PACCAR in the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 62.37% of the company’s stock.

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About PACCAR

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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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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