Caterpillar (CAT) Earning Somewhat Negative News Coverage, InfoTrie Reports
News headlines about Caterpillar (NYSE:CAT) have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Caterpillar earned a daily sentiment score of -1.75 on their scale. InfoTrie also assigned news stories about the industrial products company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Caterpillar’s ranking:
- Predicting the forest tent caterpillar population in 2019 – Manitoulin Expositor (manitoulin.ca)
- Upstate man finds massive ‘psychedelic’ caterpillar that becomes huge moth – WYFF4 Greenville (wyff4.com)
- Caterpillar Reports Progress on Enterprise Strategy, Sustainability – PRNewswire (prnewswire.com)
- Caterpillar Is Still in a Bear Phase From Early 2018 – TheStreet.com (realmoney.thestreet.com)
Several equities research analysts have recently commented on the company. Bank of America set a $152.00 target price on Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. Zacks Investment Research downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Morgan Stanley set a $165.00 target price on Caterpillar and gave the company a “buy” rating in a report on Wednesday, April 10th. ValuEngine downgraded Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $173.00 target price on shares of Caterpillar in a report on Thursday, February 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $145.39.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.10. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.36 billion. Caterpillar had a return on equity of 45.08% and a net margin of 11.50%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.82 EPS. On average, research analysts forecast that Caterpillar will post 12.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be paid a $1.03 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, July 19th. Caterpillar’s dividend payout ratio is currently 30.66%.
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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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