Caterpillar, Inc. (CAT) to Post Q1 2017 Earnings of $0.60 Per Share, William Blair Forecasts

Caterpillar, Inc. (CAT) to Post Q1 2017 Earnings of $0.60 Per Share, William Blair Forecasts

Caterpillar, Inc. (NYSE:CAT) – Investment analysts at William Blair issued their Q1 2017 EPS estimates for Caterpillar in a research report issued to clients and investors on Thursday. William Blair analyst L. De. Maria anticipates that the firm will earn $0.60 per share for the quarter. William Blair also issued estimates for Caterpillar’s Q2 2017 earnings at $0.92 EPS, Q3 2017 earnings at $0.80 EPS, Q4 2017 earnings at $0.78 EPS and FY2018 earnings at $4.15 EPS.

Other research analysts also recently issued research reports about the company. Credit Suisse Group set a $101.00 target price on Caterpillar and gave the company a “buy” rating in a report on Saturday, November 19th. Barclays PLC increased their target price on Caterpillar from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday. Wells Fargo & Company raised Caterpillar from a “market perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a report on Friday. Royal Bank Of Canada increased their target price on Caterpillar from $82.00 to $85.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Caterpillar in a research note on Friday. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and an average target price of $85.79.

Shares of Caterpillar (NYSE:CAT) opened at 98.99 on Monday. Caterpillar has a 52 week low of $59.80 and a 52 week high of $99.46. The stock’s market cap is $57.99 billion. The firm has a 50-day moving average price of $94.34 and a 200 day moving average price of $87.72.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 26th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.17. Caterpillar had a positive return on equity of 12.92% and a negative net margin of 0.17%. The company earned $9.57 billion during the quarter, compared to analyst estimates of $9.87 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Caterpillar’s revenue was down 13.2% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 18th. Shareholders of record on Friday, January 20th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, January 18th. Caterpillar’s dividend payout ratio (DPR) is presently -2,369.23%.

In other Caterpillar news, Director Daniel M. Dickinson sold 950 shares of Caterpillar stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $93.52, for a total transaction of $88,844.00. Following the completion of the sale, the director now directly owns 17,476 shares of the company’s stock, valued at approximately $1,634,355.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAT. Nisa Investment Advisors LLC raised its position in Caterpillar by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 239,920 shares of the company’s stock valued at $18,188,000 after buying an additional 25,210 shares during the last quarter. LS Investment Advisors LLC raised its position in Caterpillar by 2.7% in the second quarter. LS Investment Advisors LLC now owns 27,460 shares of the company’s stock valued at $2,082,000 after buying an additional 733 shares during the last quarter. American Century Companies Inc. raised its position in Caterpillar by 5.4% in the second quarter. American Century Companies Inc. now owns 566,434 shares of the company’s stock valued at $42,941,000 after buying an additional 28,903 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in Caterpillar by 16.0% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,796 shares of the company’s stock valued at $439,000 after buying an additional 800 shares during the last quarter. Finally, First National Trust Co. raised its position in Caterpillar by 7.0% in the second quarter. First National Trust Co. now owns 3,533 shares of the company’s stock valued at $268,000 after buying an additional 230 shares during the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

About Caterpillar

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.

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