PACCAR Inc. (NASDAQ:PCAR) is set to announce third quarter earning results on Tuesday 20th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PCAR to report 3Q20 income of $ 0.95 per share.
For the full year, analysts anticipate top line of $ 16477.30 million, while looking forward to income of $ 3.44 per share bottom line.
Previous Quarter Performance
PACCAR Inc. posted income for the second quarter of $ 0.43 per share, from the revenue of $ 2,702.00 million. The quarterly earnings down 75.84 percent while revenues dropped 56.88 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.31 per share from $ 2878.76 million in revenue. The bottom line results beat street analysts by $ 0.12 or 38.71 percent, at the same time, top line results fell short of analysts by $ 176.76 million or 6.14 percent.
Stock Performance
Shares of PACCAR Inc. traded up $ 1.12 or 1.25 percent on Monday, reaching $ 91.06 with volume of 2.60 million shares. PACCAR Inc. has traded high as $ 91.60 and has cracked $ 89.97 on the downward trend
According to the previous trading day, closing price of $ 91.06, representing a 83.14 % increase from the 52 week low of $ 49.11 and a 1.81 % decrease over the 52 week high of $ 91.60.
The company has a market capital of $ 31.52 billion and is part of the Industrials sector and Truck Manufacturing industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 80.00 target price.
- On 25th September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 110.00 target price.
- On 23rd September 2020, initiated by Bernstein at Market Perform rating, with $ 94.00 target price.
- On 3rd September 2020, maintained by Raymond James at Strong Buy rating, with $ 100.00 target price.
Recent Stock Dividend Announcement
On July 14, 2020, the board of directors authorized quarterly dividend of $ 0.32 per share to holders of record as of the close of business on August 11, 2020, with payment date of September 1, 2020 and ex-dividend date on August 10, 2020.
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
