Caterpillar (NYSE:CAT) Posts Earnings Results, Beats Expectations By $0.37 EPS

Caterpillar (NYSE:CAT) issued its earnings results on Friday. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.66 by $0.37, MarketWatch Earnings reports. Caterpillar had a return on equity of 37.15% and a net margin of 10.41%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.40 billion. During the same quarter last year, the company earned $2.83 EPS. The firm’s revenue was down 30.7% compared to the same quarter last year.

CAT opened at $132.88 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.42 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $129.98 and its 200 day simple moving average is $123.93. The firm has a market cap of $71.92 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 2.20 and a beta of 1.10. Caterpillar has a 1 year low of $87.50 and a 1 year high of $150.55.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, July 20th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, July 17th. Caterpillar’s dividend payout ratio is presently 37.25%.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Caterpillar from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Citigroup boosted their price target on shares of Caterpillar from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Cfra upgraded Caterpillar to a “buy” rating in a research report on Thursday, July 16th. Credit Suisse Group reduced their target price on Caterpillar from $162.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Finally, UBS Group upped their target price on Caterpillar from $112.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $135.22.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Earnings History for Caterpillar (NYSE:CAT)

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