Wall Street analysts forecast that Caterpillar Inc. (NYSE:CAT) will announce sales of $11.58 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Caterpillar’s earnings, with the highest sales estimate coming in at $12.35 billion and the lowest estimate coming in at $10.86 billion. Caterpillar posted sales of $9.82 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The company is expected to report its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Caterpillar will report full-year sales of $11.58 billion for the current financial year, with estimates ranging from $49.60 billion to $51.93 billion. For the next year, analysts forecast that the firm will post sales of $54.39 billion per share, with estimates ranging from $53.00 billion to $55.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Caterpillar.
Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at $1,073,096.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the transaction, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,784 shares of company stock valued at $18,776,796. Company insiders own 0.14% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CAT. Sawtooth Solutions LLC bought a new position in shares of Caterpillar during the fourth quarter worth $651,000. William Blair Investment Management LLC bought a new position in shares of Caterpillar during the fourth quarter worth $3,665,000. We Are One Seven LLC bought a new position in shares of Caterpillar during the fourth quarter worth $329,000. HM Payson & Co. boosted its position in shares of Caterpillar by 3.6% during the fourth quarter. HM Payson & Co. now owns 15,818 shares of the industrial products company’s stock worth $2,493,000 after acquiring an additional 550 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Caterpillar by 42.7% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 36,764 shares of the industrial products company’s stock worth $5,793,000 after acquiring an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.
Shares of Caterpillar (NYSE CAT) traded down $3.69 during trading on Friday, reaching $156.29. 5,991,500 shares of the company’s stock traded hands, compared to its average volume of 6,837,658. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97. The stock has a market capitalization of $92,980.00, a PE ratio of 29.88, a PEG ratio of 1.67 and a beta of 1.22. Caterpillar has a twelve month low of $90.34 and a twelve month high of $173.24.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.00%. Caterpillar’s payout ratio is currently 59.66%.
Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
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