Brokers Issue Forecasts for Caterpillar Inc.'s Q2 2017 Earnings (CAT)

Caterpillar Inc

Now, the FactSet Research estimate calls for Q2 2017 earnings of US$0.94. William Blair analyst L. De. The business's revenue for the quarter was down 13.2% compared to the same quarter previous year. The analysts offering Earnings Estimates for the company were believing that Caterpillar Inc.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, April 25th. The company now expects full-year earnings around $3.75 per share (excluding restructuring costs), compared to the recent estimate of $2.90 per share. The company earned $9.82 billion during the quarter, compared to analyst estimates of $9.27 billion.

The ability for Caterpillar Inc., to deal with debt, means it current ratio is 1.2, and quick ratio is 0.9. Earnings per share (EPS) is -0.12, and this is looking to grow in the next year to 38.89% after growing -102.70% this past year. Evercore ISI upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Friday, February 10th. The stock recently closed its previous session at $92.27 by showing a percentage change of -0.53% from its previous day closing price of $92.76.

Shares of American Vanguard Corporation (NYSE:AVD) have been provided with a top rating from Beta Systems research. Vetr upgraded Caterpillar from a "sell" rating to a "hold" rating and set a $90.02 price objective for the company in a report on Monday, January 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Price Target plays a critical role when it comes to the analysis of a Stock. According to the ETF Finder at ETF Channel, CAT makes up 3.39% of the SPDR Dow Jones Industrial Average ETF (Symbol: DIA) which is trading higher by about 0.1% on the day Thursday. The stock stands almost -0.22% off versus the 52-week high and 56.98% away from the 52-week low.

On 7/28/2016 Bradley M Halverson, Insider, sold 2,841 with an average share price of $82.73 per share and the total transaction amounting to $235,035.93. The firm's stock has a market capitalization of $61.31 bln. Caterpillar also was the target of some unusual options trading activity on Thursday. Stock investors bought 8,585 put options on the stock. This is an increase of 477% compared to the average daily volume of 1,489 put options. Patten Group Inc. increased its stake in Caterpillar by 0.4% in the third quarter. Patten Group Inc. now owns 1,148 shares of the company's stock valued at $100,000 after buying an additional 5 shares during the period. Howe & Rusling Inc. boosted its stake in shares of Caterpillar by 52.0% in the first quarter. Quadrant Capital Group LLC boosted its stake in shares of Caterpillar by 5.3% in the third quarter. Management has seen a return on assets of -0.10%, and also a return on investment of 0.60%. Financial Architects Inc increased its stake in Caterpillar by 5.7% in the first quarter. The fund owned 9,045 shares of the company's stock after buying an additional 130 shares during the period.

In other news, Director Daniel M. Dickinson sold 3,884 shares of the company's stock in a transaction dated Tuesday, February 14th. Sales also dropped in Europe, Africa and Middle East, falling by around 4%, the company said. The shares were bought at an average price of $99.32 per share, with a total value of $99,320.00. Following the completion of the transaction, the insider now directly owns 10,230 shares in the company, valued at approximately $1,016,043.60. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. The senior management bring insider ownership to 0.10%, and institutional ownership is at 73.00%. This represents a $3.08 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Wednesday, January 18th. Caterpillar has a dividend payout ratio of 95.4% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings tumble.

Related news:

Hot News

isis-killer-beheading-video-story-top Man accused of holding woman to appear in court
Apr 30, 2017 - 02:04
When the police were at Dunn's house early this morning, his father showed up and apologized to the police for his son's behavior. Reinbolt said Dunn came to his front door at around 8 a.m. and was arrested without a struggle and no shots were fired.

isis-killer-beheading-video-story-top Most Active Volume Stock: Chevron Corporation (CVX)
Apr 30, 2017 - 02:01
The highest price CVX stock touched in the last 12 month was $17.87 and the lowest price it hit in the same period was $95.02. NWQ Investment Management Company LLC acquired a new position in shares of Chevron during the fourth quarter worth $219,000.

isis-killer-beheading-video-story-top Watt recalls brother JJ's draft night as he prepares for his own
Apr 30, 2017 - 01:51
Watt-the All-Pro and three-time AP Defensive Player of the Year-and Los Angeles Chargers fullback Derek Watt in the NFL. Personally, I didn't see this type of athleticism on tape-I'll have to watch more.

isis-killer-beheading-video-story-top Kelly over alleged affair with wife
Apr 30, 2017 - 01:47
Kelly would have a concert in a nearby state, Childress would disappear to reunite wit her love", the suit says. Bryant claims that his efforts to rehabilitate the marriage failed because he 'could not prevail against R.

isis-killer-beheading-video-story-top Blue Jays-Cardinals rained out
Apr 30, 2017 - 01:42
Angels: The team reinstated right-hander Vicente Campos from the disabled list and optioned him to Triple-A Salt Lake City. Louis Cardinals catcher Yadier Molina during the seventh inning of a baseball game Tuesday, April 25, 2017, in St.

isis-killer-beheading-video-story-top French appeals court refuses extradition of ex-Kosovo PM Haradinaj
Apr 28, 2017 - 01:59
Haradinaj was detained by French authorities on January 4, and the Colmar court the next day ordered him to remain in custody. Serbia called an immediate cabinet meeting to discuss the court's decision, which can not be appealed.

isis-killer-beheading-video-story-top Isaiah Thomas to play Game 2, then fly to sister's funeral
Apr 28, 2017 - 01:59
There was nothing that prompted Hoiberg to bench Rondo in Game 2 , as he sat for a grand total of just eight minutes on the night. The loss left certain fans swearing left and right , so Boston better amp up the D if they don't want to hear any more F-bombs.

isis-killer-beheading-video-story-top Kia invests $1 billion to build cars in India
Apr 28, 2017 - 01:58
The new manufacturing facility in India will enable Kia to maintain its position as one of the world's fastest-growing automobile brands.

Donald Trump summons entire Senate to White House briefing on North Korea
Apr 28, 2017 - 01:55
He says Hawaii is clearly vulnerable right now, adding that more may need to be done to protect the island state. At the same time, they differed on partisan lines on the context and importance of the briefing.

isis-killer-beheading-video-story-top Kulbhushan Jadhav's mother appeals for son's release, seeks to meet him
Apr 28, 2017 - 01:53
The Pakistan Army had before precluded consular access to Jadhav, saying he is not qualified for it according to the laws. Army spokesman Major General Asif Ghafoor last week said consular access can not be given to Jadhav because he is a spy.

isis-killer-beheading-video-story-top Freedom Day - stepping stone to democracy
Apr 28, 2017 - 01:51
"The defeat of apartheid colonialism by South African people, was one of the greatest achievements of humankind". A major protest has taken place in South Africa against embattled President Jacob Zuma.

Teams using dogs, drones to look for missing Joliet toddler
Apr 28, 2017 - 01:45
The case is considered to be a missing child case and Semaj's family is fully cooperating with detectives, Ackerman said. Sources said the Department of Children and Family Services visited Semaj's home Tuesday before she disappeared.

Hot Switch sales boost Nintendo sales, trim quarterly loss
Apr 28, 2017 - 01:42
The sales volume for hardware and software during this period reached 2.74 million units and 5.46 million units respectively. All of the Switch sales hinge on whether Nintendo can keep the Switch in stock at retail stores, which it's struggle to do.

isis-killer-beheading-video-story-top More people are driving drugged than driving drunk
Apr 28, 2017 - 01:40
Roadside screenings for drugs that use saliva are being tested, and tests that use breath are being developed, Hedlund said. For the first time, statistics show that drivers killed in crashes are more likely to be on drugs then drunk.

EPA seeks to derail cleanup of coal power plant pollution
Apr 27, 2017 - 03:06
Demetra Turner, 44, a resident of the West Calumet Housing Complex who has yet to leave, urged others to keep pressure on the EPA. Environmental Protection Agency on Wednesday visited East Chicago, Ind., where people have been living on toxic land for decades.