Paccar Inc. (NASDAQ:PCAR) – Equities research analysts at Credit Agricole SA issued their FY2017 earnings per share estimates for Paccar in a research note issued to investors on Thursday. Credit Agricole SA analyst K. Kubacki anticipates that the brokerage will earn $3.35 per share for the year. Credit Agricole SA currently has a “Outperform” rating and a $65.00 target price on the stock. Credit Agricole SA also issued estimates for Paccar’s FY2018 earnings at $3.85 EPS.
Paccar (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Paccar had a net margin of 3.71% and a return on equity of 21.92%. The business earned $4.12 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter last year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year.
Other equities research analysts have also issued research reports about the company. Robert W. Baird restated a “buy” rating on shares of Paccar in a research note on Tuesday, June 28th. Deutsche Bank AG started coverage on Paccar in a report on Tuesday, September 6th. They set a “hold” rating and a $63.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $57.00 target price on shares of Paccar in a report on Friday, July 29th. Zacks Investment Research raised Paccar from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Paccar in a report on Thursday, June 16th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Paccar presently has an average rating of “Hold” and an average price target of $56.13.
Paccar (NASDAQ:PCAR) traded up 0.46% during trading on Monday, hitting $59.36. 77,594 shares of the stock traded hands. The company has a market cap of $20.81 billion, a P/E ratio of 31.51 and a beta of 1.51. The firm has a 50-day moving average price of $58.42 and a 200 day moving average price of $56.06. Paccar has a 52-week low of $43.46 and a 52-week high of $60.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, November 16th. Paccar’s payout ratio is 51.34%.
Several hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Paccar by 2.3% in the first quarter. State Street Corp now owns 14,693,701 shares of the company’s stock valued at $803,596,000 after buying an additional 335,531 shares during the last quarter. Capital World Investors boosted its stake in shares of Paccar by 3.9% in the second quarter. Capital World Investors now owns 12,005,500 shares of the company’s stock valued at $622,725,000 after buying an additional 453,000 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Paccar by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,520,368 shares of the company’s stock valued at $597,561,000 after buying an additional 377,073 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Paccar by 4.4% in the second quarter. BlackRock Fund Advisors now owns 9,130,432 shares of the company’s stock valued at $473,596,000 after buying an additional 381,482 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Paccar by 6.9% in the second quarter. BlackRock Group LTD now owns 4,030,270 shares of the company’s stock valued at $209,049,000 after buying an additional 260,247 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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