PACCAR (PCAR) Set to Announce Earnings on Tuesday
PACCAR (NASDAQ:PCAR) will be releasing its earnings data before the market opens on Tuesday, January 29th. Analysts expect PACCAR to post earnings of $1.56 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
NASDAQ PCAR opened at $62.69 on Friday. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.92 and a beta of 1.26. PACCAR has a fifty-two week low of $53.43 and a fifty-two week high of $79.69. The company has a quick ratio of 2.44, a current ratio of 2.63 and a debt-to-equity ratio of 0.72.
The business also recently disclosed a dividend, which was paid on Friday, January 4th. Shareholders of record on Friday, December 14th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Thursday, December 13th. PACCAR’s payout ratio is currently 26.29%.
In related news, VP David J. Danforth sold 651 shares of PACCAR stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $59.44, for a total value of $38,695.44. Following the sale, the vice president now directly owns 5,453 shares in the company, valued at approximately $324,126.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Douglas S. Grandstaff sold 607 shares of PACCAR stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $59.67, for a total value of $36,219.69. Following the completion of the sale, the vice president now owns 5,284 shares in the company, valued at $315,296.28. The disclosure for this sale can be found here. Insiders have sold a total of 195,262 shares of company stock worth $11,490,110 over the last 90 days. Insiders own 2.64% of the company’s stock.
A number of research firms have weighed in on PCAR. ValuEngine lowered PACCAR from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Monday, December 3rd. Loop Capital began coverage on PACCAR in a research note on Wednesday, October 17th. They set a “hold” rating and a $68.00 price objective for the company. Vertical Research cut PACCAR from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Finally, BidaskClub cut PACCAR from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.30.
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PACCAR Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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