Caterpillar (NYSE:CAT) Releases Earnings Results, Beats Expectations By $0.37 EPS

Caterpillar (NYSE:CAT) issued its earnings results on Friday. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.37, MarketWatch Earnings reports. Caterpillar had a return on equity of 37.15% and a net margin of 10.41%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.40 billion. During the same quarter in the previous year, the business earned $2.83 EPS. The company’s revenue for the quarter was down 30.7% on a year-over-year basis.

Shares of Caterpillar stock opened at $132.88 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 1.71. Caterpillar has a 12 month low of $87.50 and a 12 month high of $150.55. The business has a fifty day simple moving average of $129.98 and a 200 day simple moving average of $123.93. The stock has a market cap of $71.92 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, July 20th will be paid a $1.03 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.12 annualized dividend and a dividend yield of 3.10%. Caterpillar’s dividend payout ratio (DPR) is currently 37.25%.

CAT has been the subject of a number of research reports. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and set a $93.00 target price for the company. in a report on Monday, April 27th. Standpoint Research cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Barclays restated a “hold” rating and issued a $140.00 price target on shares of Caterpillar in a report on Thursday, April 16th. Stifel Nicolaus upped their price target on Caterpillar from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Bank of America upgraded Caterpillar from an “underperform” rating to a “neutral” rating and set a $135.00 price target for the company in a report on Wednesday, July 8th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $135.22.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Earnings History for Caterpillar (NYSE:CAT)

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