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%.

PACCAR declared that its board has authorized a share buyback plan on Tuesday, December 4th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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.

ILLEGAL ACTIVITY NOTICE: “PACCAR (PCAR) Set to Announce Earnings on Tuesday” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2019/01/26/paccar-pcar-set-to-announce-earnings-on-tuesday.html.

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.

Read More: Cost of Equity

Earnings History for PACCAR (NASDAQ:PCAR)

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