PACCAR Inc. (NASDAQ:PCAR) issued its quarterly earnings results on Tuesday. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07, RTT News reports. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $1.06 EPS. The business’s revenue was up 6.9% on a year-over-year basis.

PACCAR (PCAR) remained flat at $68.56 during midday trading on Thursday. 202,575 shares of the stock were exchanged. The firm has a market cap of $24.08 billion, a P/E ratio of 16.95 and a beta of 1.14. PACCAR has a 52 week low of $53.38 and a 52 week high of $70.12. The stock’s 50-day moving average is $66.12 and its 200-day moving average is $66.45.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, August 14th. PACCAR’s dividend payout ratio is currently 26.74%.

COPYRIGHT VIOLATION WARNING: “PACCAR Inc. (PCAR) Announces Earnings Results” was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/07/27/paccar-inc-pcar-announces-earnings-results.html.

A number of analysts have weighed in on PCAR shares. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price target on shares of PACCAR in a report on Thursday, April 20th. Piper Jaffray Companies downgraded shares of PACCAR from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $72.00 to $66.00 in a report on Tuesday, April 18th. Credit Suisse Group set a $68.00 price objective on shares of PACCAR and gave the stock a “hold” rating in a report on Wednesday, April 12th. Seaport Global Securities reaffirmed a “buy” rating and set a $80.00 price objective on shares of PACCAR in a report on Thursday, April 6th. Finally, Deutsche Bank AG raised their price objective on shares of PACCAR from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.00.

In other news, VP Alma Lily Ley sold 904 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $67.39, for a total value of $60,920.56. Following the completion of the transaction, the vice president now owns 1,679 shares of the company’s stock, valued at $113,147.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.64% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Life Insurance Co. boosted its position in PACCAR by 98.5% in the second quarter. Sumitomo Life Insurance Co. now owns 39,990 shares of the company’s stock worth $2,641,000 after buying an additional 19,844 shares during the period. Strs Ohio boosted its position in PACCAR by 6.3% in the second quarter. Strs Ohio now owns 8,955 shares of the company’s stock worth $591,000 after buying an additional 534 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in PACCAR by 76.9% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 50,819 shares of the company’s stock worth $3,356,000 after buying an additional 22,089 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in PACCAR during the second quarter worth approximately $409,000. Finally, Parkwood LLC boosted its position in PACCAR by 480.9% in the second quarter. Parkwood LLC now owns 27,871 shares of the company’s stock worth $1,841,000 after buying an additional 23,073 shares during the period. 61.45% of the stock is owned by hedge funds and other institutional investors.

PACCAR Company Profile

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

Earnings History for PACCAR (NASDAQ:PCAR)

Receive News & Ratings for PACCAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.