$5.44 Billion in Sales Expected for PACCAR Inc (NASDAQ:PCAR) This Quarter

Analysts expect PACCAR Inc (NASDAQ:PCAR) to announce sales of $5.44 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for PACCAR’s earnings. The highest sales estimate is $5.68 billion and the lowest is $5.22 billion. PACCAR reported sales of $5.14 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The business is expected to issue its next quarterly earnings report on Tuesday, January 25th.

On average, analysts expect that PACCAR will report full year sales of $20.97 billion for the current financial year, with estimates ranging from $20.76 billion to $21.22 billion. For the next fiscal year, analysts expect that the firm will post sales of $24.46 billion, with estimates ranging from $24.10 billion to $24.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for PACCAR.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 26th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.12). PACCAR had a return on equity of 16.01% and a net margin of 7.80%. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis.

A number of research firms have commented on PCAR. Citigroup boosted their price target on shares of PACCAR from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 12th. Sanford C. Bernstein raised shares of PACCAR from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $94.00 to $98.00 in a report on Wednesday, December 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PACCAR from $93.00 to $85.00 and set a “hold” rating on the stock in a report on Tuesday, October 5th. Wolfe Research raised shares of PACCAR from a “peer perform” rating to an “outperform” rating and set a $96.00 target price on the stock in a research note on Tuesday, October 5th. Finally, Morgan Stanley increased their price target on shares of PACCAR from $87.00 to $94.00 and gave the company an “equal weight” rating in a research report on Thursday, December 9th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $101.00.

In other PACCAR news, VP Todd R. Hubbard sold 526 shares of the business’s stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $90.06, for a total transaction of $47,371.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Harrie Schippers sold 14,572 shares of the company’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $90.17, for a total value of $1,313,957.24. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in shares of PACCAR by 20.5% in the second quarter. PNC Financial Services Group Inc. now owns 25,319 shares of the company’s stock valued at $2,260,000 after acquiring an additional 4,301 shares in the last quarter. HighTower Advisors LLC raised its position in shares of PACCAR by 9.0% during the 2nd quarter. HighTower Advisors LLC now owns 63,428 shares of the company’s stock worth $5,659,000 after purchasing an additional 5,229 shares during the last quarter. Parallel Advisors LLC raised its holdings in PACCAR by 5.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,324 shares of the company’s stock valued at $207,000 after acquiring an additional 129 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of PACCAR by 34.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,902 shares of the company’s stock valued at $438,000 after buying an additional 1,257 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of PACCAR during the 2nd quarter valued at $229,000. 62.54% of the stock is owned by hedge funds and other institutional investors.

PACCAR stock traded up $1.18 during midday trading on Friday, hitting $96.50. 2,156,980 shares of the stock were exchanged, compared to its average volume of 1,843,798. The company has a 50 day moving average price of $88.28 and a two-hundred day moving average price of $85.63. The firm has a market cap of $33.50 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.36 and a beta of 0.98. PACCAR has a 1 year low of $77.96 and a 1 year high of $103.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33.

The company also recently disclosed a None dividend, which was paid on Wednesday, January 5th. Shareholders of record on Friday, December 17th were issued a $1.50 dividend. This is an increase from PACCAR’s previous None dividend of $0.70. The ex-dividend date of this dividend was Thursday, December 16th. PACCAR’s dividend payout ratio is 27.15%.

About PACCAR

PACCAR, Inc is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands.

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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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