PACCAR (NASDAQ:PCAR) Releases Quarterly Earnings Results, Misses Expectations 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 net margin of 13.51% and a return on equity of 27.24%.

PACCAR Price Performance

PCAR stock opened at $109.11 on Tuesday. 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 1 year low of $90.04 and a 1 year high of $125.50. The firm has a market cap of $57.21 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 2.77 and a beta of 0.93. The stock has a 50-day simple moving average of $110.55 and a 200-day simple moving average of $104.37.

PACCAR Increases Dividend

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

Insider Activity

In other PACCAR news, CEO R Preston Feight sold 27,191 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the completion of the sale, the chief executive officer now owns 171,776 shares in the company, valued at $17,782,251.52. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on PCAR. Morgan Stanley lowered their price target on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and increased their price target for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Citigroup decreased their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, BNP Paribas upgraded shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Moderate Buy” and an average price target 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.