Brokers Set Expectations for Caterpillar Inc.’s Q1 2019 Earnings (NYSE:CAT)

Caterpillar Inc. (NYSE:CAT) – Investment analysts at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for Caterpillar in a note issued to investors on Tuesday, January 29th, according to Zacks Investment Research. Oppenheimer analyst N. Kaye expects that the industrial products company will post earnings per share of $2.62 for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Caterpillar’s Q2 2019 earnings at $3.16 EPS, Q3 2019 earnings at $3.13 EPS, Q4 2019 earnings at $3.30 EPS, FY2019 earnings at $12.20 EPS and FY2020 earnings at $13.70 EPS.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, January 28th. The industrial products company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.43). Caterpillar had a return on equity of 45.31% and a net margin of 11.23%. The company had revenue of $14.34 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same period in the prior year, the company earned $2.16 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year.

A number of other equities research analysts have also commented on the stock. BMO Capital Markets decreased their price objective on shares of Caterpillar to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 4th. UBS Group set a $154.00 price objective on shares of Caterpillar and gave the stock a “buy” rating in a report on Tuesday, January 29th. Robert W. Baird set a $161.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. Bank of America set a $152.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research report on Tuesday, January 29th. Finally, William Blair restated a “hold” rating on shares of Caterpillar in a research report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $151.50.

Shares of NYSE:CAT opened at $133.10 on Wednesday. Caterpillar has a 12 month low of $112.06 and a 12 month high of $164.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market cap of $78.29 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.58 and a beta of 1.46.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, January 22nd will be given a $0.86 dividend. The ex-dividend date of this dividend is Friday, January 18th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.58%. Caterpillar’s dividend payout ratio is 30.66%.

Large investors have recently made changes to their positions in the stock. Loeb Partners Corp acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $25,000. Bartlett & Co. LLC raised its position in shares of Caterpillar by 150.0% in the 4th quarter. Bartlett & Co. LLC now owns 250 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $48,000. Vectors Research Management LLC raised its position in shares of Caterpillar by 32.1% in the 4th quarter. Vectors Research Management LLC now owns 412 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 100 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 68.90% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Earnings History and Estimates for Caterpillar (NYSE:CAT)

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