Caterpillar (CAT) Expected to Post Quarterly Earnings on Thursday

Caterpillar (NYSE:CAT) is expected to be posting its Q3 2026 results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $7.04 per share and revenue of $20.76 billion for the quarter. Interested persons may review the information on the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 8:30 AM ET.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the prior year, the business posted $4.72 EPS. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, analysts expect Caterpillar to post $27.74 EPS for the current fiscal year and $33.46 EPS for the next fiscal year.

Caterpillar Price Performance

CAT opened at $740.20 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $805.28 and its 200 day simple moving average is $856.93. The firm has a market cap of $340.25 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 1.24 and a beta of 1.58. Caterpillar has a 1 year low of $510.21 and a 1 year high of $1,073.46.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio is 28.06%.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Improving earnings outlook: Caterpillar has a strong history of exceeding quarterly estimates, and analysts see the company as having favorable conditions for another earnings beat. Its latest reported quarter also substantially exceeded consensus expectations for earnings and revenue. Will Caterpillar Beat Estimates Again
• Positive Sentiment: Strong backlog and raised outlook: Caterpillar is supported by a record $72 billion backlog, strong cash flow and an increased 2026 sales-growth outlook. Although the dividend was held steady, these factors could support future dividend growth and capital returns. CAT Keeps Dividend Unchanged
• Positive Sentiment: Rating and analyst support: Caterpillar was upgraded to Zacks Rank #2 (Buy), reflecting greater optimism about its earnings prospects. The average brokerage price target of approximately $967.83 is well above the recent trading level, although targets are not guarantees. Caterpillar Rating Upgrade
• Neutral Sentiment: Dealer technology partnership: IronSight AI and Fast Iron announced a platform that helps Caterpillar, Komatsu and Volvo equipment dealers identify and sell used parts using smartphone images. The development may improve dealer efficiency, but it is not expected to have a material near-term effect on Caterpillar’s financial results. IronSight AI and Fast Iron Partnership
• Negative Sentiment: Valuation and trading risks: Caterpillar’s elevated valuation leaves the stock vulnerable to a pullback if earnings momentum slows. ETFs were also reported as net sellers, while commentary cautioned that analyst optimism may already be reflected in the share price. Caterpillar Stock Pullback Risk

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CAT. UBS Group raised their target price on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Truist Financial lowered their price target on shares of Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday, October 5th. Barclays increased their price target on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. DA Davidson raised their price target on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Citigroup decreased their price objective on shares of Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus target price of $967.83.

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

About Caterpillar

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.