PACCAR (PCAR) to Release Earnings on Tuesday

PACCAR (NASDAQ:PCAR) is anticipated to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect PACCAR to post earnings of $1.70 per share and revenue of $7,524,813.40 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

PACCAR Trading Down 0.1 %

Shares of NASDAQ PCAR opened at $109.90 on Friday. PACCAR has a 1-year low of $90.04 and a 1-year high of $125.50. The business has a fifty day moving average price of $110.55 and a 200 day moving average price of $104.33. The stock has a market capitalization of $57.62 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03.

PACCAR Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a $3.00 dividend. This is a boost from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is currently 13.41%.

Insiders Place Their Bets

In other news, CFO Harrie Schippers sold 20,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $106.93, for a total transaction of $2,138,600.00. Following the transaction, the chief financial officer now owns 105,558 shares in the company, valued at $11,287,316.94. This trade represents a 15.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the completion of the sale, the chief executive officer now directly owns 171,776 shares of the company’s stock, valued at approximately $17,782,251.52. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,085 shares of company stock worth $6,012,070. Corporate insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of analyst reports. BNP Paribas raised shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI upgraded shares of PACCAR from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $99.00 to $129.00 in a research note on Wednesday, November 13th. Citigroup cut their target price on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $119.00 price target on shares of PACCAR in a research report on Monday, November 4th. Finally, Truist Financial raised their price objective on PACCAR from $110.00 to $112.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.23.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.