Zacks Research Brokers Lower Earnings Estimates for PACCAR

PACCAR Inc. (NASDAQ:PCAR) – Investment analysts at Zacks Research cut their Q2 2027 earnings per share estimates for PACCAR in a research report issued on Thursday, March 12th. Zacks Research analyst Team now expects that the company will post earnings of $1.57 per share for the quarter, down from their previous estimate of $1.58. Zacks Research has a “Hold” rating on the stock. The consensus estimate for PACCAR’s current full-year earnings is $7.57 per share. Zacks Research also issued estimates for PACCAR’s Q3 2027 earnings at $1.63 EPS.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.06 billion. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.66 EPS.

Other equities research analysts also recently issued research reports about the company. Truist Financial raised their price objective on PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Wells Fargo & Company set a $119.00 target price on PACCAR and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Citigroup boosted their price target on PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.50.

PACCAR Stock Performance

Shares of PACCAR stock opened at $115.63 on Monday. The company’s 50 day moving average price is $122.84 and its two-hundred day moving average price is $109.40. The firm has a market capitalization of $60.81 billion, a P/E ratio of 25.64, a P/E/G ratio of 0.97 and a beta of 1.03. PACCAR has a fifty-two week low of $84.65 and a fifty-two week high of $131.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.98 and a quick ratio of 2.79.

Institutional Trading of PACCAR

A number of institutional investors have recently bought and sold shares of PCAR. World Investment Advisors grew its holdings in PACCAR by 19.7% in the fourth quarter. World Investment Advisors now owns 6,402 shares of the company’s stock worth $701,000 after purchasing an additional 1,052 shares during the period. Corient Private Wealth LLC raised its stake in shares of PACCAR by 5.5% in the fourth quarter. Corient Private Wealth LLC now owns 1,395,376 shares of the company’s stock worth $152,808,000 after purchasing an additional 72,594 shares during the last quarter. Mengis Capital Management Inc. raised its position in PACCAR by 16.1% in the 4th quarter. Mengis Capital Management Inc. now owns 111,486 shares of the company’s stock valued at $12,209,000 after buying an additional 15,440 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of PACCAR by 1,112.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,085 shares of the company’s stock valued at $228,000 after purchasing an additional 1,913 shares during the last quarter. Finally, Reflection Asset Management purchased a new stake in PACCAR in the 4th quarter valued at about $55,000. Institutional investors own 64.90% of the company’s stock.

Insider Activity

In other news, VP Paulo Henrique Bolgar sold 12,183 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $122.43, for a total value of $1,491,564.69. Following the transaction, the vice president owned 6,274 shares in the company, valued at approximately $768,125.82. The trade was a 66.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP C Michael Dozier sold 79,076 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total transaction of $10,115,401.92. Following the completion of the sale, the executive vice president directly owned 34,656 shares in the company, valued at approximately $4,433,195.52. This represents a 69.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 133,105 shares of company stock worth $16,869,046. 2.02% of the stock is owned by insiders.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.