Caterpillar (CAT) Expected to Release Earnings on Thursday

Caterpillar (NYSE:CAT) is projected to announce its Q3 2026 results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $7.04 per share and revenue of $20.76 billion for the quarter. Individuals are encouraged to explore the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 29, 2026 at 8:30 AM ET.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the business posted $4.72 EPS. The business’s revenue was up 23.7% compared to the same quarter last year. On average, analysts expect Caterpillar to post $27.74 EPS for the current fiscal year and $33.48 EPS for the next fiscal year.

Caterpillar Stock Up 1.8%

Shares of CAT opened at $704.48 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar has a 12 month low of $521.67 and a 12 month high of $1,073.46. The firm’s 50 day moving average is $799.69 and its 200-day moving average is $805.95. The stock has a market capitalization of $323.83 billion, a PE ratio of 30.31, a P/E/G ratio of 1.18 and a beta of 1.58.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. Caterpillar’s dividend payout ratio is currently 28.06%.

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Freedom Broker upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective on the stock in a research note on Thursday, September 10th. DA Davidson upped their target price on Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Truist Financial reduced their target price on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Needham & Company LLC set a $980.00 price target on Caterpillar in a research report on Thursday, September 10th. Finally, Weiss Ratings upgraded Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 14th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $947.42.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI-related power demand is strengthening Caterpillar’s outlook. Demand for the company’s power-generation equipment from data centers has helped drive a record $72 billion backlog, with orders extending through 2030. Caterpillar is also investing approximately $1 billion in North Carolina to expand compact-equipment manufacturing. Learn Why The Bull Case For Caterpillar Could Change Following AI Power Demand
• Positive Sentiment: Analyst support and recent operating momentum remain constructive. Erste Group Bank raised its earnings estimates for Caterpillar, while previews point to another quarter of revenue and earnings growth. The company’s prior quarter included record revenue above $20 billion and earnings that exceeded consensus estimates. Erste Group Bank Raises Earnings Estimates for Caterpillar
• Positive Sentiment: The dividend remains an income-supporting factor. Caterpillar confirmed a quarterly dividend of $1.63, payable November 19, although investors comparing its recent dividend growth with Deere’s may find CAT’s trajectory less compelling. Caterpillar vs. Deere: Which Heavy Equipment Dividend Is Growing Faster?
• Neutral Sentiment: Management succession appears orderly. Resource Industries President Denise Johnson plans to retire in early 2027, with Derrick York, who leads Solar Turbines and other Caterpillar operations, named as her successor. Johnson is credited with materially improving the mining business. Caterpillar Names Derrick York as Successor
• Negative Sentiment: Tariffs could pressure margins despite strong demand. Earnings previews highlight rising tariffs as a risk to profitability, making the October 29 report and management’s comments on pricing, backlog conversion and margins important near-term catalysts. Caterpillar Set to Report Q3 Earnings

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.