Quarterly Earnings Forecast Review: Caterpillar Inc. (CAT)

Caterpillar Inc

Caterpillar (CAT) Spikes Over Earnings Beat, Wait for Further Rally

William Blair analyst L. De. The company earned $9.82 billion during the quarter, compared to analysts' expectations of $9.27 billion. William Blair also issued estimates for Caterpillar's FY2017 earnings at $4.00 EPS.

Caterpillar (NYSE:CAT) pays an annual dividend of $3.08 with a yield of 3.00% and an average dividend growth of 21.40% based on a 3 Year Average. Investors of record on Monday, April 24th will be given a dividend of 0.77 per share by the industrial products company on Saturday, May 20th. The business earned $9.57 billion during the quarter, compared to analyst estimates of $9.87 billion.

Caterpillar Inc. (CAT) is now showing its ROA (Return on Assets) of -0.1%. The stock now shows its YTD (Year to Date) performance of 0.32 percent while its Weekly performance value is 0.83%.

TRADEMARK VIOLATION NOTICE: This article was first reported by Chaffey Breeze and is owned by of Chaffey Breeze.

Caterpillar Inc. (CAT) belongs to the "Industrial Goods" sector with an industry focus on "Farm & Construction Machinery", with Mr. D. James Umpleby III as Chief Exec. Officer and Director. CAT's shares have been experiencing strong support from improving fundamentals over the previous year, driven mostly by Trump's infrastructure spending plans and the improving environment in the energy sector. Vetr upgraded shares of Caterpillar from a sell rating to a buy rating and set a $98.27 target price for the company in a report on Tuesday, February 7th.

Recently stock market analysts have updated their consensus ratings on shares of Caterpillar, Inc.

Over the last twelve months Caterpillar Inc.'s stock price has increased by 36.32% from 75.08 to 102.35.

Caterpillar Inc. (CAT) has been given an average price target of $93.52 from analysts, according to data collected by Finviz. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $94.11. (NYSE:CAT) opened at 95.55 on Friday.

The 52 week high is -2.60%, with 54.82% being its 52 week low.

Caterpillar Inc. (CAT)'s distance from 200 day simple moving average is 18.47 percent, its distance from 50 day simple moving average is 11.04 percent, while its distance from 20 day simple moving average is 11 percent. The company's market capitalization is $60.22 billion. Caterpillar also was the target of unusually large options trading activity on Thursday. Investors purchased 8,585 put options on the company. This represents an increase of approximately 477% compared to the average volume of 1,489 put options. Institutional investors and hedge funds own 70.97% of the company's stock. Patten Group Inc. boosted its stake in shares of Caterpillar by 0.4% in the third quarter. Northstar Group Inc. boosted its stake in Caterpillar by 0.3% in the first quarter. The company has dropped -77.29% in past 3 months and in the last five trades has moved down -8.85%. Bingham Osborn & Scarborough LLC boosted its stake in Caterpillar by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,282 shares of the industrial products company's stock worth $106,000 after buying an additional 65 shares during the last quarter. Steinberg Global Asset Management boosted its stake in Caterpillar by 0.5% in the third quarter. Enterprise Financial Services Corp boosted its stake in Caterpillar by 7.0% in the third quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were acquired at an average price of $99.32 per share, for a total transaction of $99,320.00.

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