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

MasterPieces CAT Floor Puzzle

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.

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