Caterpillar (CAT) to Release Earnings on Thursday

Caterpillar (NYSE:CAT) will 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 wish to listen to the company’s earnings conference call can do so using this link.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The firm had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.86 earnings per share. On average, analysts expect Caterpillar to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $357.62 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The business’s 50 day moving average price is $347.42 and its 200-day moving average price is $298.90. The firm has a market capitalization of $178.60 billion, a PE ratio of 17.76, a P/E/G ratio of 1.57 and a beta of 1.17. Caterpillar has a 1 year low of $204.04 and a 1 year high of $382.01.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.45%. Caterpillar’s payout ratio is 25.82%.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,769 shares of company stock worth $14,509,306. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. The Goldman Sachs Group lifted their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial started coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $307.56.

Caterpillar Company Profile

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.