What is DA Davidson's Forecast for Caterpillar Q4 Earnings?

Caterpillar Inc. (NYSE:CAT - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Caterpillar in a research note issued to investors on Monday, November 4th. DA Davidson analyst M. Shlisky forecasts that the industrial products company will post earnings per share of $5.18 for the quarter. The consensus estimate for Caterpillar's current full-year earnings is $21.82 per share.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar's revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.52 earnings per share.

Several other analysts have also recently issued reports on the stock. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Bank of America increased their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Robert W. Baird increased their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. Evercore ISI dropped their price target on shares of Caterpillar from $338.00 to $321.00 and set an "in-line" rating on the stock in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $358.19.

Caterpillar Stock Performance

Caterpillar stock traded up $6.85 during mid-day trading on Tuesday, reaching $383.37. 1,707,778 shares of the company's stock were exchanged, compared to its average volume of 2,616,148. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $185.90 billion, a PE ratio of 17.79, a P/E/G ratio of 1.86 and a beta of 1.10. Caterpillar has a one year low of $233.57 and a one year high of $403.60. The business's fifty day simple moving average is $372.91 and its 200 day simple moving average is $351.45.

Institutional Investors Weigh In On Caterpillar

Large investors have recently made changes to their positions in the stock. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $28,000. Financial Connections Group Inc. acquired a new stake in Caterpillar during the second quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the third quarter valued at $36,000. Fairscale Capital LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth $36,000. Finally, POM Investment Strategies LLC raised its holdings in Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock valued at $38,000 after buying an additional 108 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gerald Johnson bought 100 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares of the company's stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the acquisition, the director now owns 2,842 shares of the company's stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now owns 1,686 shares of the company's stock, valued at $642,332.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,792 shares of company stock worth $3,515,978 in the last quarter. Corporate insiders own 0.29% of the company's stock.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar's dividend payout ratio (DPR) is presently 26.15%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.