Earnings results for PACCAR (NASDAQ:PCAR)
PACCAR Inc. is estimated to report earnings on 10/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.35. The reported EPS for the same quarter last year was $1.11.
PACCAR last released its earnings results on July 27th, 2021. The reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02. The firm earned $5.39 billion during the quarter, compared to the consensus estimate of $5.50 billion. Its revenue for the quarter was up 99.4% on a year-over-year basis. PACCAR has generated $3.74 earnings per share over the last year ($5.04 diluted earnings per share) and currently has a price-to-earnings ratio of 16.8. Earnings for PACCAR are expected to grow by 19.90% in the coming year, from $5.73 to $6.87 per share. PACCAR has confirmed that its next quarterly earnings report will be published on Tuesday, October 26th, 2021. PACCAR will be holding an earnings conference call on Tuesday, October 26th at 12:00 PM Eastern. Interested parties can .
Analyst Opinion on PACCAR (NASDAQ:PCAR)
According to the issued ratings of 10 analysts in the last year, the consensus rating for PACCAR stock is Buy based on the current 1 sell rating, 4 hold ratings, 4 buy ratings and 1 strong buy rating for PCAR. The average twelve-month price target for PACCAR is $102.00 with a high price target of $115.00 and a low price target of $85.00.
on PCAR’s analyst rating history
PACCAR has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $102.00, PACCAR has a forecasted upside of 20.3% from its current price of $84.76. PACCAR has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: PACCAR (NASDAQ:PCAR)
PACCAR pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends. PACCAR has only been increasing its dividend for 1 years. The dividend payout ratio of PACCAR is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PACCAR will have a dividend payout ratio of 19.80% next year. This indicates that PACCAR will be able to sustain or increase its dividend.
Insiders buying/selling: PACCAR (NASDAQ:PCAR)
In the past three months, PACCAR insiders have not sold or bought any company stock. Only 2.05% of the stock of PACCAR is held by insiders. 62.58% of the stock of PACCAR is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of PACCAR (NASDAQ:PCAR
Earnings for PACCAR are expected to grow by 19.90% in the coming year, from $5.73 to $6.87 per share. The P/E ratio of PACCAR is 16.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of PACCAR is 16.82, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 19.75. PACCAR has a PEG Ratio of 1.46. PEG Ratios above 1 indicate that a company could be overvalued. PACCAR has a P/B Ratio of 2.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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