PACCAR (PCAR) Earns News Sentiment Rating of 0.26

Headlines about PACCAR (NASDAQ:PCAR) have trended positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PACCAR earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.8073070318335 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern’s scoring:

PACCAR (NASDAQ PCAR) opened at 70.38 on Wednesday. The company’s 50-day moving average price is $71.44 and its 200-day moving average price is $67.08. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 18.84 and a beta of 1.17. PACCAR has a 12-month low of $53.38 and a 12-month high of $75.68.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.57 billion. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts expect that PACCAR will post $4.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. PACCAR’s payout ratio is currently 26.74%.

Several equities analysts have recently commented on PCAR shares. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Tuesday, September 5th. J P Morgan Chase & Co upgraded PACCAR from a “neutral” rating to an “overweight” rating and increased their target price for the company from $70.00 to $83.00 in a research note on Wednesday, October 4th. BidaskClub upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Robert W. Baird restated a “hold” rating and set a $80.00 price objective on shares of PACCAR in a research note on Thursday, October 12th. Finally, Deutsche Bank AG restated a “hold” rating and set a $78.00 price objective (up from $75.00) on shares of PACCAR in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $75.84.

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In other news, insider T. Kyle Quinn sold 2,786 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total transaction of $189,141.54. Following the completion of the sale, the insider now owns 20,800 shares in the company, valued at $1,412,112. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.64% of the company’s stock.

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.

Insider Buying and Selling by Quarter for PACCAR (NASDAQ:PCAR)

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