Equities analysts expect Caterpillar Inc. (NYSE:CAT) to report earnings per share (EPS) of $2.82 for the current quarter, Zacks reports. Seven analysts have made estimates for Caterpillar’s earnings. The lowest EPS estimate is $2.71 and the highest is $2.96. Caterpillar reported earnings of $1.95 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 44.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.

On average, analysts expect that Caterpillar will report full-year earnings of $11.65 per share for the current fiscal year, with EPS estimates ranging from $11.50 to $11.80. For the next fiscal year, analysts forecast that the company will report earnings of $12.93 per share, with EPS estimates ranging from $12.25 to $13.85. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Caterpillar.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, July 30th. The industrial products company reported $2.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.24. The firm had revenue of $14.01 billion for the quarter, compared to analyst estimates of $14.09 billion. Caterpillar had a net margin of 6.12% and a return on equity of 40.60%. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $1.49 EPS.

A number of research firms have weighed in on CAT. Zacks Investment Research lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Robert W. Baird set a $155.00 target price on shares of Caterpillar and gave the stock a “hold” rating in a research note on Tuesday, July 31st. William Blair reissued a “hold” rating on shares of Caterpillar in a research note on Monday, July 30th. BMO Capital Markets decreased their target price on shares of Caterpillar from $195.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Oppenheimer began coverage on shares of Caterpillar in a research note on Friday, September 7th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Twelve equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $172.35.

Hedge funds have recently added to or reduced their stakes in the company. Avestar Capital LLC raised its position in shares of Caterpillar by 92.3% during the 2nd quarter. Avestar Capital LLC now owns 994 shares of the industrial products company’s stock valued at $109,000 after buying an additional 477 shares during the period. Stelac Advisory Services LLC acquired a new stake in Caterpillar in the 1st quarter valued at approximately $129,000. Landaas & Co. WI ADV acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $130,000. Front Row Advisors LLC increased its holdings in Caterpillar by 125.0% in the 1st quarter. Front Row Advisors LLC now owns 900 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 500 shares during the last quarter. Finally, Archford Capital Strategies LLC acquired a new stake in Caterpillar in the 1st quarter valued at approximately $165,000. 67.75% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar stock traded up $0.09 during midday trading on Tuesday, reaching $154.09. The company had a trading volume of 3,303,600 shares, compared to its average volume of 5,153,523. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.59. Caterpillar has a 12-month low of $123.62 and a 12-month high of $173.24. The firm has a market capitalization of $92.94 billion, a PE ratio of 22.40, a P/E/G ratio of 0.86 and a beta of 1.38.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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