Analysts forecast that Caterpillar Inc. (NYSE:CAT) will announce sales of $13.52 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Caterpillar’s earnings, with estimates ranging from $12.55 billion to $13.95 billion. Caterpillar reported sales of $13.51 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.1%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Caterpillar will report full-year sales of $56.01 billion for the current fiscal year, with estimates ranging from $54.25 billion to $57.26 billion. For the next financial year, analysts forecast that the company will report sales of $55.49 billion, with estimates ranging from $51.17 billion to $58.12 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Caterpillar.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The business had revenue of $14.43 billion during the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. Caterpillar’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $2.97 EPS.

CAT has been the subject of a number of recent research reports. Stephens assumed coverage on Caterpillar in a research report on Wednesday. They set an “underweight” rating and a $100.00 price objective for the company. Standpoint Research upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. ValuEngine cut Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Macquarie set a $115.00 target price on Caterpillar and gave the stock a “sell” rating in a report on Tuesday, June 11th. Finally, Credit Suisse Group decreased their target price on Caterpillar from $172.00 to $164.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $139.90.

Caterpillar stock traded up $0.04 during midday trading on Friday, reaching $115.25. 4,121,039 shares of the company were exchanged, compared to its average volume of 4,414,678. The company has a market capitalization of $64.63 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.83 and a beta of 1.52. The firm’s 50-day simple moving average is $131.01 and its 200-day simple moving average is $132.33. Caterpillar has a 1 year low of $112.06 and a 1 year high of $159.37. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43.

Institutional investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC increased its holdings in Caterpillar by 3,600.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 180 shares in the last quarter. Paragon Capital Management LLC bought a new position in Caterpillar during the first quarter worth about $40,000. Kavar Capital Partners LLC bought a new position in Caterpillar during the second quarter worth about $46,000. Legacy Advisors LLC bought a new position in Caterpillar during the first quarter worth about $47,000. Finally, Sound Income Strategies LLC lifted its holdings in Caterpillar by 23.5% during the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 66.86% of the company’s stock.

About Caterpillar

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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