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

CAT stock opened at $132.88 on Friday. Caterpillar has a one year low of $87.50 and a one year high of $150.55. 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. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.97 and a current ratio of 1.42. The firm has a 50-day simple moving average of $129.98 and a two-hundred day simple moving average of $123.93.

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

A number of analysts have issued reports on the company. Zacks Investment Research cut Caterpillar from a “hold” rating to a “strong sell” rating and set a $130.00 price objective on the stock. in a report on Tuesday, June 30th. Stephens dropped their price target on Caterpillar from $100.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. Bank of America raised Caterpillar from an “underperform” rating to a “neutral” rating and set a $135.00 price objective for the company in a research note on Wednesday, July 8th. Tigress Financial reissued a “buy” rating on shares of Caterpillar in a research report on Wednesday, July 15th. Finally, Sanford C. Bernstein downgraded Caterpillar from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Caterpillar currently has an average rating of “Hold” and a consensus price target of $135.22.

About Caterpillar

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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