Caterpillar (NYSE:CAT) Issues Earnings Results
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%.
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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