PACCAR (PCAR) to Release Earnings on Tuesday

PACCAR (NASDAQ:PCAR) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect PACCAR to post earnings of $2.15 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

PACCAR Trading Down 0.6 %

NASDAQ PCAR opened at $111.96 on Monday. The company’s fifty day simple moving average is $116.58 and its 200-day simple moving average is $101.98. PACCAR has a 52 week low of $68.40 and a 52 week high of $125.50. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The stock has a market cap of $58.67 billion, a P/E ratio of 12.77, a PEG ratio of 1.68 and a beta of 0.92.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.96%. PACCAR’s payout ratio is 12.31%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank of Canada assumed coverage on shares of PACCAR in a research note on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 target price for the company. Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price target for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. The Goldman Sachs Group upped their price target on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, Truist Financial started coverage on shares of PACCAR in a research report on Thursday, March 14th. They set a “hold” rating and a $117.00 price target for the company. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.08.

Insider Buying and Selling at PACCAR

In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the sale, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $102.12, for a total value of $493,137.48. Following the completion of the transaction, the vice president now directly owns 5,726 shares in the company, valued at $584,739.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Harrie Schippers sold 32,797 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the completion of the transaction, the chief financial officer now owns 103,547 shares of the company’s stock, valued at $10,984,265.76. The disclosure for this sale can be found here. In the last three months, insiders sold 141,293 shares of company stock valued at $14,581,337. 2.02% of the stock is owned by insiders.

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.