Analysts forecast that Caterpillar Inc. (NYSE:CAT) will report $3.12 earnings per share for the current quarter, according to Zacks. Six analysts have issued estimates for Caterpillar’s earnings. The highest EPS estimate is $3.23 and the lowest is $3.00. Caterpillar posted earnings per share of $2.97 in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, July 24th.

On average, analysts expect that Caterpillar will report full year earnings of $12.22 per share for the current financial year, with EPS estimates ranging from $11.35 to $12.65. For the next year, analysts expect that the firm will post earnings of $12.91 per share, with EPS estimates ranging from $10.19 to $13.80. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Caterpillar.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.10. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.36 billion. Caterpillar had a net margin of 11.50% and a return on equity of 45.08%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS.

CAT has been the topic of a number of recent analyst reports. Atlantic Securities lowered shares of W W Grainger from a “neutral” rating to an “underweight” rating in a report on Friday, June 21st. Morgan Stanley set a $165.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a report on Wednesday, April 10th. Standpoint Research raised shares of CVS Health from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Credit Suisse Group set a GBX 3,090 ($40.38) price target on shares of Royal Dutch Shell and gave the stock a “buy” rating in a report on Wednesday. Finally, Deutsche Bank cut their price target on shares of Trinseo from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $144.94.

Institutional investors and hedge funds have recently made changes to their positions in the company. Destination Wealth Management boosted its stake in Caterpillar by 554.7% during the second quarter. Destination Wealth Management now owns 766 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 649 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Caterpillar by 27.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 131,267 shares of the industrial products company’s stock worth $17,892,000 after acquiring an additional 28,579 shares in the last quarter. LexAurum Advisors LLC boosted its stake in Caterpillar by 4.7% during the second quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 77 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Caterpillar by 3.6% during the second quarter. Commonwealth Equity Services LLC now owns 344,779 shares of the industrial products company’s stock worth $46,990,000 after acquiring an additional 12,011 shares in the last quarter. Finally, Bristlecone Advisors LLC bought a new stake in Caterpillar during the second quarter worth about $628,000. 65.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Caterpillar stock opened at $136.23 on Tuesday. The company has a market cap of $77.91 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.93 and a beta of 1.54. Caterpillar has a 12-month low of $112.06 and a 12-month high of $159.37. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.43. The stock has a fifty day moving average price of $131.36.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, July 22nd will be paid a dividend of $1.03 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.02%. Caterpillar’s payout ratio is presently 30.66%.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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