Caterpillar (NYSE:CAT – Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect Caterpillar to post earnings of $5.00 per share and revenue of $16,480,748.34 billion for the quarter. Individual that wish to register for 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 Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the previous year, the business earned $5.52 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts expect Caterpillar to post $22 EPS for the current fiscal year and $22 EPS for the next fiscal year.
Caterpillar Trading Down 3.2 %
Shares of Caterpillar stock opened at $394.60 on Tuesday. The stock’s 50-day simple moving average is $381.07 and its 200 day simple moving average is $369.79. Caterpillar has a 52-week low of $297.45 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock has a market capitalization of $190.51 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.97 and a beta of 1.13.
Caterpillar Announces Dividend
Insider Buying and Selling at Caterpillar
In related news, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This represents a 36.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares in the company, valued at approximately $4,906,356.84. This trade represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,868 shares of company stock worth $13,480,389 over the last three months. Company insiders own 0.29% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on CAT. JPMorgan Chase & Co. raised their target price on Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Citigroup lowered their target price on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Robert W. Baird upped their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $380.60.
Read Our Latest Stock Report on Caterpillar
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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