PACCAR (NASDAQ:PCAR) Posts Earnings Results, Misses Estimates By $0.04 EPS

PACCAR (NASDAQ:PCAR) released its quarterly earnings results on Tuesday. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04), Zacks reports. PACCAR had a return on equity of 27.24% and a net margin of 13.51%.

PACCAR Stock Down 2.4 %

PCAR stock opened at $107.25 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. PACCAR has a one year low of $90.04 and a one year high of $125.50. The firm’s fifty day moving average is $110.45 and its 200 day moving average is $104.45. The firm has a market cap of $56.23 billion, a PE ratio of 11.98, a P/E/G ratio of 2.77 and a beta of 0.93.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $3.00 per share. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is 13.41%.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $103.52, for a total value of $2,814,812.32. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on PCAR. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 target price on shares of PACCAR in a report on Monday, November 4th. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, December 6th. Evercore ISI upgraded PACCAR from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $99.00 to $129.00 in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their target price on PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Morgan Stanley decreased their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.23.

About PACCAR

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.