Zacks Research Has Negative Estimate for PACCAR Q1 Earnings

PACCAR Inc (NASDAQ:PCAR - Free Report) - Equities researchers at Zacks Research decreased their Q1 2026 EPS estimates for shares of PACCAR in a research report issued to clients and investors on Thursday, May 29th. Zacks Research analyst R. Singhi now anticipates that the company will earn $1.48 per share for the quarter, down from their prior estimate of $1.49. The consensus estimate for PACCAR's current full-year earnings is $7.57 per share.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The business had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The firm's quarterly revenue was down 16.0% compared to the same quarter last year.

PCAR has been the topic of several other reports. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target on the stock. in a research report on Wednesday, April 16th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Truist Financial dropped their price target on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Evercore ISI cut their target price on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Finally, UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $108.00 to $78.00 in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PACCAR currently has an average rating of "Hold" and a consensus price target of $104.14.

PACCAR Price Performance

Shares of PCAR stock traded up $1.79 during midday trading on Monday, reaching $93.56. 2,171,472 shares of the company traded hands, compared to its average volume of 2,759,936. PACCAR has a 1-year low of $84.65 and a 1-year high of $118.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The firm's 50 day simple moving average is $92.22 and its two-hundred day simple moving average is $102.46. The firm has a market cap of $49.12 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96.

Institutional Trading of PACCAR

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of PACCAR by 666.7% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock valued at $27,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of PACCAR by 221.8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after purchasing an additional 193 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in PACCAR in the first quarter valued at approximately $29,000. Golden State Wealth Management LLC bought a new stake in PACCAR in the fourth quarter worth $37,000. Finally, Kestra Investment Management LLC acquired a new position in shares of PACCAR during the 4th quarter valued at about $37,000. 64.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Pierre R. Breber acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the purchase, the director now directly owns 13,015 shares in the company, valued at $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.02% of the stock is owned by corporate insiders.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.41%. PACCAR's payout ratio is currently 20.00%.

PACCAR Company Profile

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.