Caterpillar (NYSE:CAT – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Caterpillar to post earnings of $5.11 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter in the previous year, the firm posted $3.86 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts expect Caterpillar to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.
Caterpillar Price Performance
Shares of CAT opened at $363.39 on Wednesday. Caterpillar has a twelve month low of $204.04 and a twelve month high of $382.01. The stock’s 50 day moving average is $348.44 and its two-hundred day moving average is $299.59. The firm has a market capitalization of $181.48 billion, a PE ratio of 18.04, a P/E/G ratio of 1.57 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25.
Caterpillar Announces Dividend
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley assumed coverage on Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target on the stock. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. TD Cowen boosted their price target on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $307.56.
Get Our Latest Stock Report on Caterpillar
Insider Buying and Selling at Caterpillar
In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the sale, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Maclennan acquired 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now owns 5,238 shares in the company, valued at $1,693,812.06. The disclosure for this purchase can be found here. In the last three months, insiders sold 45,769 shares of company stock worth $14,509,306. Insiders own 0.33% of the company’s stock.
About Caterpillar
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.
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