$2.86 Earnings Per Share Expected for Caterpillar Inc. (CAT) This Quarter

Equities research analysts expect Caterpillar Inc. (NYSE:CAT) to announce earnings of $2.86 per share for the current quarter, according to Zacks. Six analysts have made estimates for Caterpillar’s earnings. The lowest EPS estimate is $2.62 and the highest is $3.03. Caterpillar posted earnings per share of $2.82 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The company is scheduled to announce its next earnings report on Tuesday, April 23rd.

On average, analysts expect that Caterpillar will report full-year earnings of $12.23 per share for the current financial year, with EPS estimates ranging from $12.00 to $12.50. For the next financial year, analysts anticipate that the firm will report earnings of $13.28 per share, with EPS estimates ranging from $12.30 to $13.85. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Caterpillar.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). Caterpillar had a net margin of 11.23% and a return on equity of 45.31%. The firm had revenue of $14.34 billion during the quarter, compared to analysts’ expectations of $14.36 billion. During the same quarter last year, the business earned $2.16 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis.

A number of research firms have commented on CAT. Zacks Investment Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $163.00 target price for the company in a report on Tuesday, October 16th. Robert W. Baird set a $171.00 target price on Caterpillar and gave the company a “buy” rating in a report on Monday, December 3rd. ValuEngine downgraded Caterpillar from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Bank of America raised Caterpillar from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $163.00 in a report on Monday, December 3rd. Finally, Credit Suisse Group reduced their target price on Caterpillar from $183.00 to $173.00 and set an “outperform” rating for the company in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Caterpillar presently has an average rating of “Buy” and a consensus target price of $151.50.

Caterpillar stock traded up $0.43 during midday trading on Wednesday, reaching $133.10. The company’s stock had a trading volume of 3,194,900 shares, compared to its average volume of 5,111,587. Caterpillar has a fifty-two week low of $112.06 and a fifty-two week high of $164.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market cap of $78.29 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders of record on Tuesday, January 22nd will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, January 18th. Caterpillar’s dividend payout ratio (DPR) is presently 30.66%.

Several large investors have recently added to or reduced their stakes in CAT. Rehmann Capital Advisory Group increased its position in Caterpillar by 4.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,360 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 97 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Caterpillar by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 7,174 shares of the industrial products company’s stock worth $912,000 after purchasing an additional 98 shares in the last quarter. Vectors Research Management LLC increased its position in Caterpillar by 32.1% during the 4th quarter. Vectors Research Management LLC now owns 412 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 100 shares in the last quarter. Cornerstone Advisors Inc. increased its position in Caterpillar by 6.1% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,760 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 101 shares in the last quarter. Finally, Quad Cities Investment Group LLC increased its position in Caterpillar by 3.9% during the 4th quarter. Quad Cities Investment Group LLC now owns 2,724 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 101 shares in the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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