CLSA Weighs in on Caterpillar, Inc.’s FY2018 Earnings (CAT)

Caterpillar, Inc. (NYSE:CAT) – CLSA issued their FY2018 earnings estimates for Caterpillar in a research note issued to investors on Tuesday. CLSA analyst K. Kubacki anticipates that the firm will post earnings of $4.25 per share for the year. CLSA has a “Outperform” rating on the stock.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Vetr downgraded shares of Caterpillar from a “sell” rating to a “strong sell” rating and set a $82.00 price objective on the stock. in a report on Monday, November 14th. Credit Suisse Group set a $90.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Wednesday, September 28th. Barclays PLC reissued an “equal weight” rating and set a $90.00 price objective on shares of Caterpillar in a report on Thursday, October 27th. Finally, Bank of America Corporation reissued a “hold” rating and set a $92.00 price objective on shares of Caterpillar in a report on Monday, October 3rd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. Caterpillar currently has an average rating of “Hold” and an average price target of $80.78.

Earnings History and Estimates for Caterpillar (NYSE:CAT)

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Caterpillar (NYSE:CAT) traded up 0.87% during mid-day trading on Wednesday, hitting $94.65. 3,887,673 shares of the stock traded hands. The firm’s 50-day moving average is $94.40 and its 200-day moving average is $86.13. Caterpillar has a 12-month low of $56.36 and a 12-month high of $97.40. The company has a market cap of $55.38 billion, a price-to-earnings ratio of 92.07 and a beta of 1.36.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. Caterpillar had a net margin of 2.54% and a return on equity of 12.79%. The business earned $9.16 billion during the quarter, compared to analysts’ expectations of $9.91 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in CAT. Shell Asset Management Co. boosted its stake in Caterpillar by 6.1% in the second quarter. Shell Asset Management Co. now owns 223,535 shares of the company’s stock valued at $16,946,000 after buying an additional 12,787 shares in the last quarter. Sigma Planning Corp boosted its stake in Caterpillar by 0.6% in the second quarter. Sigma Planning Corp now owns 18,544 shares of the company’s stock valued at $1,406,000 after buying an additional 118 shares in the last quarter. Northwest Investment Counselors LLC boosted its stake in Caterpillar by 11.1% in the second quarter. Northwest Investment Counselors LLC now owns 23,034 shares of the company’s stock valued at $1,746,000 after buying an additional 2,301 shares in the last quarter. Security National Trust Co. boosted its stake in Caterpillar by 2.9% in the second quarter. Security National Trust Co. now owns 15,577 shares of the company’s stock valued at $1,181,000 after buying an additional 440 shares in the last quarter. Finally, Highstreet Asset Management Inc. boosted its stake in Caterpillar by 4.8% in the second quarter. Highstreet Asset Management Inc. now owns 26,300 shares of the company’s stock valued at $1,994,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “CLSA Weighs in on Caterpillar, Inc.’s FY2018 Earnings (CAT)” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be read at https://sportsperspectives.com/2017/01/11/clsa-weighs-in-on-caterpillar-inc-s-fy2018-earnings-cat.html.

In other news, Director Daniel M. Dickinson sold 950 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $93.52, for a total value of $88,844.00. Following the completion of the transaction, the director now directly owns 17,476 shares in the company, valued at $1,634,355.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 18th. Stockholders of record on Friday, January 20th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $3.08 annualized dividend and a dividend yield of 3.28%. Caterpillar’s dividend payout ratio (DPR) is presently 179.07%.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.

5 Day Chart for NYSE:CAT

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