Analysts expect Caterpillar Inc. (NYSE:CAT) to report earnings of $2.29 per share for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Caterpillar’s earnings, with the highest EPS estimate coming in at $2.46 and the lowest estimate coming in at $2.05. Caterpillar posted earnings per share of $1.34 in the same quarter last year, which indicates a positive year over year growth rate of 70.9%. The company is scheduled to issue its next earnings report before the market opens on Thursday, October 28th.
According to Zacks, analysts expect that Caterpillar will report full-year earnings of $10.16 per share for the current fiscal year, with EPS estimates ranging from $9.56 to $10.60. For the next fiscal year, analysts anticipate that the business will report earnings of $12.24 per share, with EPS estimates ranging from $11.10 to $14.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Caterpillar.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, July 29th. The industrial products company reported $2.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.22. The business had revenue of $12.89 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Caterpillar had a net margin of 9.57% and a return on equity of 30.80%. The company’s revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS.
Shares of Caterpillar stock traded up $5.31 on Friday, hitting $194.25. 212,015 shares of the company’s stock were exchanged, compared to its average volume of 3,429,619. The company has a 50-day simple moving average of $204.12 and a 200-day simple moving average of $218.25. The stock has a market capitalization of $106.35 billion, a PE ratio of 24.36, a PEG ratio of 1.69 and a beta of 0.90. Caterpillar has a 1 year low of $149.63 and a 1 year high of $246.69. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.10 and a current ratio of 1.56.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 19th. Investors of record on Monday, October 25th will be paid a dividend of $1.11 per share. The ex-dividend date is Friday, October 22nd. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.29%. Caterpillar’s dividend payout ratio is presently 67.68%.
In related news, Director David Maclennan acquired 500 shares of the stock in a transaction on Wednesday, August 4th. The stock was bought at an average cost of $206.20 per share, with a total value of $103,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CAT. Camden National Bank lifted its position in shares of Caterpillar by 9.6% in the 4th quarter. Camden National Bank now owns 1,833 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 160 shares during the period. Acadian Asset Management LLC raised its stake in shares of Caterpillar by 196.5% during the 1st quarter. Acadian Asset Management LLC now owns 51,464 shares of the industrial products company’s stock worth $11,933,000 after acquiring an additional 34,104 shares in the last quarter. RMB Capital Management LLC raised its stake in shares of Caterpillar by 29.0% during the 1st quarter. RMB Capital Management LLC now owns 5,329 shares of the industrial products company’s stock worth $1,236,000 after acquiring an additional 1,197 shares in the last quarter. Linscomb & Williams Inc. raised its stake in shares of Caterpillar by 10.3% during the 1st quarter. Linscomb & Williams Inc. now owns 2,064 shares of the industrial products company’s stock worth $479,000 after acquiring an additional 193 shares in the last quarter. Finally, E Fund Management Co. Ltd. bought a new position in shares of Caterpillar during the 1st quarter worth approximately $222,000. 67.82% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
Featured Article: Why are percentage gainers important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.