Somewhat Favorable Press Coverage Somewhat Unlikely to Impact PACCAR (PCAR) Share Price
Headlines about PACCAR (NASDAQ:PCAR) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PACCAR earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5177396038598 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Copart (CPRT) Expands West Warren Site in Massachusetts (finance.yahoo.com)
- PACCAR Inc (PCAR) Expected to Announce Quarterly Sales of $5.48 Billion (americanbankingnews.com)
- Are Investors Undervaluing Paccar (PCAR) Right Now? (zacks.com)
- $1.49 Earnings Per Share Expected for PACCAR Inc (PCAR) This Quarter (americanbankingnews.com)
- Advance Auto Parts (AAP) Beats on Q2 Earnings & Revenues (finance.yahoo.com)
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, June 26th. BidaskClub upgraded PACCAR from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 28th. BMO Capital Markets downgraded PACCAR from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a research report on Wednesday, July 18th. ValuEngine raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. set a $72.00 price objective on PACCAR and gave the stock a “hold” rating in a research note on Wednesday, April 25th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. PACCAR has a consensus rating of “Hold” and a consensus target price of $71.64.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.16. PACCAR had a return on equity of 22.68% and a net margin of 9.39%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. equities research analysts anticipate that PACCAR will post 5.99 earnings per share for the current fiscal year.
PACCAR declared that its board has initiated a share repurchase plan on Monday, July 9th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 14th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 13th. This represents a $1.12 dividend on an annualized basis and a yield of 1.67%. PACCAR’s payout ratio is 26.29%.
In other PACCAR news, insider Darrin C. Siver sold 5,750 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $64.46, for a total value of $370,645.00. Following the completion of the transaction, the insider now directly owns 22,596 shares of the company’s stock, valued at $1,456,538.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Douglas S. Grandstaff sold 580 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $65.90, for a total value of $38,222.00. Following the completion of the transaction, the vice president now directly owns 5,891 shares of the company’s stock, valued at $388,216.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,634 shares of company stock valued at $625,510. Insiders own 2.64% of the company’s stock.
PACCAR Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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