In the last trading session, 2.98 million shares of the Paccar Inc. (NASDAQ:PCAR) were traded, and its beta was 0.90. Most recently the company’s share price was $105.90, and it changed around $1.06 or 1.01% from the last close, which brings the market valuation of the company to $55.51B. PCAR currently trades at a discount to its 52-week high of $125.50, offering almost -18.51% off that amount. The share price’s 52-week low was $78.30, which indicates that the current value has risen by an impressive 26.06% since then. We note from Paccar Inc.’s average daily trading volume that its 10-day average is 3.19 million shares, with the 3-month average coming to 2.70 million.
Paccar Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.64. If we narrow it down even further, the data shows that 1 out of 23 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 14 recommended PCAR as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Paccar Inc. is expected to report earnings per share of 1.72 for the current quarter.
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Paccar Inc. (NASDAQ:PCAR) trade information
Instantly PCAR has showed a green trend with a performance of 1.01% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 110.66 on recent trading dayincreased the stock’s daily price by 4.3%. The company’s shares are currently up 8.45% year-to-date, but still down -3.81% over the last five days. On the other hand, Paccar Inc. (NASDAQ:PCAR) is 8.27% up in the 30-day period. We can see from the shorts that 14.34 million shares have been sold at a short interest cover period of 5.78 day(s).
The consensus price target as assigned by Wall Street analysts is $109, which translates to bulls needing to increase their stock price by 2.84% from its current value. Analyst projections state that PCAR is forecast to be at a low of $43.55555555555555 and a high of $147.
Paccar Inc. (PCAR) estimates and forecasts
Paccar Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.41 percent over the past six months and at a -16.75% annual growth rate that is well below the industry average of -6.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -36.30% in revenue this quarter, and will report a decrease of -22.00% in the next quarter. The year-over-year growth rate is expected to be -6.30%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 7.52B in revenue for the current quarter. 4 analysts expect Paccar Inc. to make 7.67B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.08B and 8.74B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.10%. Forecasts for the next quarter put sales growth at -12.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.07%. Paccar Inc. earnings are expected to increase by -17.16% in 2024, but the outlook is positive 0.48% per year for the next five years.
PCAR Dividends
Paccar Inc.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 1.08 percent and its annual dividend per share was 1.14. It is important to note, however, that the 1.08% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.42 per year.
Paccar Inc. (NASDAQ:PCAR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.86% of Paccar Inc. shares, and 72.01% of them are in the hands of institutional investors. The stock currently has a share float of 73.37%. Paccar Inc. stock is held by 1438.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.7899% of the shares, which is about 61.89 million shares worth $6.37 billion.
BLACKROCK INC., with 6.8363% or 35.88 million shares worth $3.69 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
