Zacks Research Analysts Lift Earnings Estimates for PACCAR

Key Points

• Zacks Research raised PACCAR’s earnings forecasts, including Q3 2026 EPS to $1.53 from $1.44 and full-year 2026 EPS to $5.66 from $5.34. Its projections also call for EPS of $6.82 in 2027 and $7.55 in 2028.
• PACCAR recently exceeded quarterly expectations, reporting $1.43 EPS versus the $1.36 consensus and revenue of $7.55 billion versus $7.05 billion expected. Revenue increased 0.5% year over year.
• The stock is rated “Hold” on average by analysts, with a consensus price target of $131.70 versus its recent price near $128. PACCAR also announced a quarterly dividend of $0.35 per share, equal to a 1.1% annualized yield.

PACCAR Inc. (NASDAQ:PCAR - Free Report) - Analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for PACCAR in a research note issued to investors on Tuesday, August 18th. Zacks Research analyst Team now expects that the company will post earnings of $1.53 per share for the quarter, up from their previous forecast of $1.44. The consensus estimate for PACCAR's current full-year earnings is $5.85 per share. Zacks Research also issued estimates for PACCAR's Q4 2026 earnings at $1.55 EPS, FY2026 earnings at $5.66 EPS, Q1 2027 earnings at $1.51 EPS, Q2 2027 earnings at $1.67 EPS, Q3 2027 earnings at $1.78 EPS, Q4 2027 earnings at $1.86 EPS, FY2027 earnings at $6.82 EPS, Q1 2028 earnings at $1.66 EPS, Q2 2028 earnings at $1.86 EPS and FY2028 earnings at $7.55 EPS.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The company had revenue of $7.55 billion for the quarter, compared to analysts' expectations of $7.05 billion. During the same period last year, the business earned $1.37 EPS. PACCAR's quarterly revenue was up .5% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on PCAR. Citigroup lifted their price objective on shares of PACCAR from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Sanford C. Bernstein reissued an "outperform" rating and issued a $148.00 price objective on shares of PACCAR in a research note on Wednesday, July 29th. Evercore set a $139.00 target price on PACCAR in a research report on Monday, May 11th. Weiss Ratings lowered PACCAR from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, May 21st. Finally, Truist Financial increased their target price on shares of PACCAR from $126.00 to $131.00 and gave the company a "hold" rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $131.70.

PACCAR Stock Performance

Shares of PCAR stock opened at $128.02 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 2.90 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $125.73 and a two-hundred day simple moving average of $121.76. PACCAR has a 12 month low of $92.25 and a 12 month high of $139.24. The firm has a market capitalization of $67.38 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.04 and a beta of 0.97.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th. PACCAR's payout ratio is presently 29.41%.

Insider Activity at PACCAR

In other PACCAR news, VP William Lance Walters sold 1,000 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $133.50, for a total transaction of $133,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paulo Henrique Bolgar sold 2,897 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $133.90, for a total value of $387,908.30. Following the completion of the sale, the vice president owned 3,831 shares in the company, valued at approximately $512,970.90. The trade was a 43.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,842 shares of company stock valued at $7,565,677 in the last three months. Insiders own 1.99% of the company's stock.

Institutional Investors Weigh In On PACCAR

Several institutional investors have recently added to or reduced their stakes in PCAR. Brighton Jones LLC lifted its stake in shares of PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock valued at $9,258,000 after buying an additional 290 shares in the last quarter. Focus Partners Wealth grew its stake in PACCAR by 15.4% in the 1st quarter. Focus Partners Wealth now owns 13,604 shares of the company's stock valued at $1,324,000 after buying an additional 1,812 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in PACCAR by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company's stock valued at $22,886,000 after acquiring an additional 5,327 shares during the period. Ieq Capital LLC raised its holdings in PACCAR by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 37,404 shares of the company's stock valued at $3,556,000 after acquiring an additional 3,858 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of PACCAR during the second quarter worth $81,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR News Roundup

Here are the key news stories impacting PACCAR this week:

• Positive Sentiment: Zacks lifted its full-year EPS forecast to $5.66 for 2026, up from $5.34; to $6.82 for 2027, up from $6.30; and to $7.55 for 2028, up from $7.24. The firm also increased estimates for several quarterly periods, including Q3 2026 to $1.53, Q4 2026 to $1.55, Q3 2027 to $1.78, and Q4 2027 to $1.86. These revisions suggest analysts see stronger earnings momentum ahead. PACCAR analyst estimates
• Neutral Sentiment: The current full-year analyst consensus remains $5.85 EPS, meaning Zacks’ 2026 forecast is still below the broader consensus, while its 2027 and 2028 projections point to substantial future earnings growth.
• Negative Sentiment: The revisions provide no new information about truck demand, orders, margins, or near-term operating performance. With PCAR trading at roughly 27 times earnings and near its yearly high, investors may be taking profits or waiting for a stronger near-term catalyst, limiting the benefit from estimates focused primarily on future years.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company's products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR's core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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