Q1 2018 EPS Estimates for Caterpillar, Inc. Increased by Analyst (CAT)

Caterpillar, Inc. (NYSE:CAT) – Investment analysts at Seaport Global Securities raised their Q1 2018 earnings per share (EPS) estimates for shares of Caterpillar in a research report issued on Wednesday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will earn $1.58 per share for the quarter, up from their previous forecast of $1.51. Seaport Global Securities has a “Neutral” rating and a $120.00 price target on the stock. Seaport Global Securities also issued estimates for Caterpillar’s Q2 2018 earnings at $2.03 EPS.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: “Q1 2018 EPS Estimates for Caterpillar, Inc. Increased by Analyst (CAT)” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/10/29/q1-2018-eps-estimates-for-caterpillar-inc-increased-by-analyst-cat.html.

Several other research analysts also recently commented on the stock. BMO Capital Markets lifted their target price on shares of Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday. Argus lifted their target price on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup Inc. lifted their target price on shares of Caterpillar from $133.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday. Credit Suisse Group lifted their target price on shares of Caterpillar from $146.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Deutsche Bank AG set a $149.00 target price on shares of Caterpillar and gave the stock a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and an average price target of $133.70.

Shares of Caterpillar (NYSE CAT) opened at 137.81 on Friday. The firm has a market capitalization of $81.44 billion, a P/E ratio of 769.89 and a beta of 1.26. The company has a 50-day moving average price of $127.15 and a 200 day moving average price of $112.13. Caterpillar has a one year low of $80.33 and a one year high of $140.44.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be given a $0.78 dividend. The ex-dividend date is Friday, October 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.26%. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares in the company, valued at $2,078,888.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Beach Investment Management LLC. acquired a new position in Caterpillar in the second quarter valued at about $231,000. NGAM Advisors L.P. boosted its position in Caterpillar by 2.9% in the second quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock valued at $8,742,000 after buying an additional 2,286 shares in the last quarter. Bank of Nova Scotia boosted its position in Caterpillar by 527.0% in the first quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock valued at $18,208,000 after buying an additional 164,989 shares in the last quarter. Bancorpsouth Inc. boosted its position in Caterpillar by 1.2% in the first quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock valued at $537,000 after buying an additional 69 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Caterpillar in the first quarter valued at about $46,917,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

About Caterpillar

Earnings History and Estimates for Caterpillar (NYSE:CAT)

What are top analysts saying about Caterpillar Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Caterpillar Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit