Zacks Research Comments on PACCAR Inc's Q4 2024 Earnings (NASDAQ:PCAR)

PACCAR Inc (NASDAQ:PCAR - Free Report) - Analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for PACCAR in a research note issued to investors on Tuesday, May 14th. Zacks Research analyst R. Singhi now anticipates that the company will post earnings of $2.09 per share for the quarter, down from their previous estimate of $2.28. The consensus estimate for PACCAR's current full-year earnings is $8.24 per share. Zacks Research also issued estimates for PACCAR's Q2 2025 earnings at $2.23 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.90 EPS and FY2026 earnings at $9.81 EPS.

Several other research firms have also recently issued reports on PCAR. Bank of America raised PACCAR from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $84.00 to $97.00 in a research note on Friday, January 19th. Truist Financial reissued a "hold" rating and set a $121.00 target price (up from $117.00) on shares of PACCAR in a research note on Thursday, May 2nd. TD Cowen boosted their target price on PACCAR from $91.00 to $108.00 and gave the company a "market perform" rating in a research note on Wednesday, January 24th. UBS Group raised PACCAR from a "neutral" rating to a "buy" rating and upped their price target for the stock from $104.00 to $136.00 in a research note on Friday, March 15th. Finally, Evercore ISI upped their price target on PACCAR from $94.00 to $101.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 20th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $112.62.

PACCAR Trading Down 2.0 %

Shares of PCAR traded down $2.15 during mid-day trading on Thursday, hitting $105.93. 1,774,491 shares of the company's stock traded hands, compared to its average volume of 2,436,154. The company has a quick ratio of 2.49, a current ratio of 2.73 and a debt-to-equity ratio of 0.54. PACCAR has a 1 year low of $68.40 and a 1 year high of $125.50. The firm has a market capitalization of $55.52 billion, a P/E ratio of 11.02, a PEG ratio of 1.67 and a beta of 0.96. The business's 50-day moving average price is $115.60 and its 200-day moving average price is $104.01.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm had revenue of $8.24 billion for the quarter, compared to analysts' expectations of $8.25 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a $0.30 dividend. This is a boost from PACCAR's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Tuesday, May 14th. PACCAR's dividend payout ratio is currently 12.45%.

Insider Transactions at PACCAR

In other news, VP Brice J. Poplawski sold 2,067 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $109.40, for a total value of $226,129.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO R Preston Feight sold 33,850 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $106.18, for a total transaction of $3,594,193.00. Following the transaction, the chief executive officer now directly owns 154,430 shares of the company's stock, valued at $16,397,377.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brice J. Poplawski sold 2,067 shares of the company's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $109.40, for a total value of $226,129.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,040 shares of company stock valued at $4,779,241. Insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. PSI Advisors LLC bought a new position in PACCAR in the first quarter valued at about $25,000. OFI Invest Asset Management bought a new position in PACCAR in the third quarter valued at about $26,000. AdvisorNet Financial Inc lifted its holdings in PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company's stock valued at $27,000 after acquiring an additional 181 shares during the period. YHB Investment Advisors Inc. bought a new position in PACCAR in the first quarter valued at about $27,000. Finally, Riverview Trust Co bought a new position in PACCAR in the first quarter valued at about $29,000. 64.90% of the stock is owned by institutional investors.

About PACCAR

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.