PACCAR (PCAR) Scheduled to Post Earnings on Tuesday

PACCAR (NASDAQ:PCAR) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect PACCAR to post earnings of $2.15 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

PACCAR Stock Down 0.6 %

PCAR stock opened at $111.96 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $58.67 billion, a PE ratio of 12.77, a PEG ratio of 1.69 and a beta of 0.92. PACCAR has a 1-year low of $68.40 and a 1-year high of $125.50. The business’s 50 day simple moving average is $116.58 and its 200 day simple moving average is $101.87.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, February 14th. PACCAR’s dividend payout ratio is 12.31%.

Analyst Ratings Changes

A number of brokerages have commented on PCAR. Royal Bank of Canada began coverage on PACCAR in a report on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price objective on the stock. Truist Financial began coverage on PACCAR in a report on Thursday, March 14th. They issued a “hold” rating and a $117.00 price objective on the stock. The Goldman Sachs Group upped their price objective on PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. TD Cowen upped their price objective on PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley began coverage on PACCAR in a report on Monday, January 8th. They issued an “overweight” rating and a $125.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and a consensus target price of $113.08.

Insider Transactions at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now directly owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the sale, the vice president now directly owns 5,726 shares in the company, valued at approximately $607,814.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Harrie Schippers sold 32,797 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the sale, the chief financial officer now owns 103,547 shares of the company’s stock, valued at $10,984,265.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,293 shares of company stock valued at $14,581,337. 2.02% of the stock is owned by corporate insiders.

PACCAR Company Profile

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.