Analysts forecast that PACCAR Inc (NASDAQ:PCAR) will announce earnings per share of $1.12 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for PACCAR’s earnings. The highest EPS estimate is $1.22 and the lowest is $1.08. PACCAR posted earnings of $0.82 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 36.6%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, January 30th.

On average, analysts expect that PACCAR will report full year earnings of $4.19 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.30. For the next fiscal year, analysts anticipate that the company will post earnings of $4.73 per share, with EPS estimates ranging from $4.52 to $4.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover PACCAR.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS.

PCAR has been the topic of several recent research reports. Deutsche Bank reissued a “hold” rating and issued a $78.00 price target (up previously from $75.00) on shares of PACCAR in a report on Monday, October 9th. Piper Jaffray Companies set a $67.00 price target on PACCAR and gave the stock a “hold” rating in a report on Sunday, December 10th. ValuEngine downgraded PACCAR from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Jefferies Group reissued a “buy” rating and issued a $85.00 price target on shares of PACCAR in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded PACCAR from a “buy” rating to a “hold” rating in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. PACCAR presently has a consensus rating of “Hold” and an average price target of $75.58.

In other news, VP Alma Lily Ley sold 4,024 shares of PACCAR stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the transaction, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP C Michael Dozier sold 3,618 shares of PACCAR stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.02, for a total value of $249,714.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,598 shares of company stock worth $7,597,908. 2.64% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of PACCAR by 18.8% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after purchasing an additional 300 shares during the period. Sun Life Financial INC increased its position in shares of PACCAR by 19,884.6% during the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after purchasing an additional 2,585 shares during the period. Institute for Wealth Management LLC. acquired a new position in shares of PACCAR during the 2nd quarter valued at $201,000. Cetera Investment Advisers acquired a new position in shares of PACCAR during the 2nd quarter valued at $204,000. Finally, Hartland & Co. LLC acquired a new position in shares of PACCAR during the 3rd quarter valued at $206,000. Institutional investors own 62.26% of the company’s stock.

Shares of PACCAR (NASDAQ:PCAR) traded up $1.11 during midday trading on Friday, hitting $77.51. The company had a trading volume of 1,957,140 shares, compared to its average volume of 1,616,441. The company has a market cap of $26,863.02, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22. PACCAR has a 1-year low of $61.93 and a 1-year high of $77.64. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.75.

The firm also recently announced a special dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were given a $1.20 dividend. This represents a yield of 1.4%. The ex-dividend date was Wednesday, December 13th. PACCAR’s dividend payout ratio is currently 25.64%.

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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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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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