Q4 EPS Estimates for Caterpillar Decreased by Zacks Research

Key Points

• Zacks Research has lowered its earnings estimates for Caterpillar, predicting a Q4 2025 EPS of $4.47, down from $4.54.
• Caterpillar reported Q2 earnings of $4.72 per share, which was below the consensus estimate of $4.88, despite a revenue increase to $16.57 billion.
• The company recently raised its quarterly dividend to $1.51 per share, up from $1.41, reflecting a 1.4% annual yield.

Caterpillar Inc. (NYSE:CAT - Free Report) - Equities research analysts at Zacks Research dropped their Q4 2025 EPS estimates for shares of Caterpillar in a note issued to investors on Tuesday, August 19th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $4.47 per share for the quarter, down from their previous estimate of $4.54. The consensus estimate for Caterpillar's current full-year earnings is $19.86 per share. Zacks Research also issued estimates for Caterpillar's Q1 2026 earnings at $4.34 EPS, Q3 2026 earnings at $4.85 EPS, FY2026 earnings at $19.60 EPS, Q1 2027 earnings at $4.53 EPS, Q2 2027 earnings at $5.29 EPS and FY2027 earnings at $20.76 EPS.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same period last year, the business earned $5.99 earnings per share. The business's revenue was down .7% compared to the same quarter last year.

Other analysts have also issued reports about the company. Barclays raised their price objective on Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their target price on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. Finally, Truist Financial boosted their target price on shares of Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $450.87.

Caterpillar Price Performance

Shares of CAT traded down $3.32 during midday trading on Friday, hitting $432.35. The company's stock had a trading volume of 1,857,786 shares, compared to its average volume of 2,776,359. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. Caterpillar has a one year low of $267.30 and a one year high of $441.15. The stock has a market capitalization of $202.55 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.60 and a beta of 1.40. The company's fifty day simple moving average is $407.11 and its two-hundred day simple moving average is $358.23.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CAT. Silverlake Wealth Management LLC boosted its position in shares of Caterpillar by 44.5% during the 2nd quarter. Silverlake Wealth Management LLC now owns 5,328 shares of the industrial products company's stock valued at $2,069,000 after acquiring an additional 1,640 shares during the last quarter. Hilltop Partners LLC purchased a new position in shares of Caterpillar during the 2nd quarter valued at about $225,000. Carter Financial Group INC. bought a new stake in Caterpillar in the 2nd quarter worth approximately $247,000. Cim Investment Management Inc. boosted its stake in Caterpillar by 99.7% in the second quarter. Cim Investment Management Inc. now owns 7,662 shares of the industrial products company's stock worth $2,877,000 after buying an additional 3,825 shares in the last quarter. Finally, Clarion Wealth Managment Partners LLC purchased a new position in shares of Caterpillar during the second quarter worth approximately $496,000. Institutional investors own 70.98% of the company's stock.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Monday, July 21st were issued a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $6.04 dividend on an annualized basis and a yield of 1.4%. This is an increase from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio is presently 30.72%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.