PACCAR (PCAR) Projected to Post Quarterly Earnings on Tuesday

PACCAR (NASDAQ:PCAR - Get Free Report) is expected to be announcing its Q1 2025 earnings results before the market opens on Tuesday, April 29th. Analysts expect PACCAR to post earnings of $1.59 per share and revenue of $7.13 billion for the quarter.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, analysts expect PACCAR to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PACCAR Price Performance

Shares of PACCAR stock traded down $0.79 during midday trading on Friday, hitting $91.89. 2,869,209 shares of the company traded hands, compared to its average volume of 2,753,045. The stock has a market cap of $48.24 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The firm's fifty day moving average price is $97.84 and its 200-day moving average price is $105.43. PACCAR has a 12 month low of $85.05 and a 12 month high of $118.81.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.44%. PACCAR's dividend payout ratio is 16.69%.

Analyst Ratings Changes

PCAR has been the subject of a number of recent research reports. Melius raised PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price on the stock. in a report on Wednesday, April 16th. Melius Research set a $120.00 price objective on shares of PACCAR in a research note on Tuesday, March 18th. Evercore ISI cut their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup decreased their target price on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $108.59.

Insider Buying and Selling

In other PACCAR news, CEO R Preston Feight sold 25,200 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the sale, the chief executive officer now owns 206,129 shares in the company, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Harrie Schippers sold 28,676 shares of PACCAR stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the transaction, the chief financial officer now owns 114,659 shares of the company's stock, valued at $12,150,414.23. This represents a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 165,547 shares of company stock valued at $18,261,908 over the last ninety days. 2.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PACCAR

A hedge fund recently raised its stake in PACCAR stock. Brighton Jones LLC grew its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,001 shares of the company's stock after buying an additional 290 shares during the quarter. Brighton Jones LLC's holdings in PACCAR were worth $9,258,000 as of its most recent filing with the Securities & Exchange Commission. 64.90% of the stock is owned by institutional investors.

About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.