Wall Street analysts expect Caterpillar Inc. (NYSE:CAT) to report earnings of $2.04 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Caterpillar’s earnings, with the highest EPS estimate coming in at $2.27 and the lowest estimate coming in at $1.87. Caterpillar reported earnings of $1.28 per share in the same quarter last year, which indicates a positive year over year growth rate of 59.4%. The business is expected to report its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that Caterpillar will report full year earnings of $9.09 per share for the current fiscal year, with EPS estimates ranging from $8.80 to $9.50. For the next fiscal year, analysts forecast that the company will report earnings of $10.38 per share, with EPS estimates ranging from $9.97 to $11.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Caterpillar.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.01 billion. During the same period in the prior year, the company earned $0.83 earnings per share. Caterpillar’s revenue was up 34.7% compared to the same quarter last year.

A number of equities analysts have recently commented on CAT shares. Citigroup raised their price target on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $131.05 price target for the company in a report on Thursday, October 19th. Argus raised their price target on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Bank of America reaffirmed a “buy” rating and issued a $189.00 price target (up from $158.00) on shares of Caterpillar in a report on Friday, January 12th. Finally, Credit Suisse Group raised their price target on Caterpillar from $146.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $167.60.

Shares of Caterpillar (CAT) traded up $1.64 during midday trading on Wednesday, reaching $155.61. The company’s stock had a trading volume of 1,740,000 shares, compared to its average volume of 6,970,000. Caterpillar has a 1-year low of $90.34 and a 1-year high of $173.24. The company has a market capitalization of $92,580.00, a price-to-earnings ratio of 123.50, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 2.01%. Caterpillar’s payout ratio is 247.62%.

In other Caterpillar news, insider Jananne A. Copeland sold 3,247 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $136.95, for a total transaction of $444,676.65. Following the sale, the insider now owns 8,908 shares in the company, valued at $1,219,950.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. Insiders have sold 143,331 shares of company stock worth $22,107,578 in the last 90 days. Company insiders own 0.14% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAT. Beach Investment Management LLC. purchased a new position in shares of Caterpillar in the second quarter worth about $231,000. IFM Investors Pty Ltd purchased a new position in shares of Caterpillar in the second quarter worth about $1,759,000. Gareth Morgan Investments Limited Partnership purchased a new position in shares of Caterpillar in the second quarter worth about $1,994,000. Eaton Vance Management increased its holdings in shares of Caterpillar by 13.3% in the second quarter. Eaton Vance Management now owns 1,945,586 shares of the industrial products company’s stock worth $209,073,000 after buying an additional 227,647 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of Caterpillar in the second quarter worth about $2,383,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

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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 segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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