Zacks Research Issues Negative Forecast for PACCAR Earnings

PACCAR Inc. (NASDAQ:PCAR) – Research analysts at Zacks Research dropped their Q2 2026 earnings estimates for PACCAR in a research report issued on Tuesday, May 12th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.30 for the quarter, down from their previous estimate of $1.35. The consensus estimate for PACCAR’s current full-year earnings is $5.60 per share. Zacks Research also issued estimates for PACCAR’s Q3 2026 earnings at $1.44 EPS, Q4 2026 earnings at $1.45 EPS, FY2026 earnings at $5.34 EPS, Q1 2027 earnings at $1.43 EPS, Q2 2027 earnings at $1.55 EPS, Q3 2027 earnings at $1.60 EPS, Q4 2027 earnings at $1.69 EPS, FY2027 earnings at $6.28 EPS and FY2028 earnings at $7.27 EPS.

PCAR has been the subject of several other reports. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings raised shares of PACCAR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. BNP Paribas Exane began coverage on shares of PACCAR in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price objective on the stock. Truist Financial increased their price target on shares of PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company set a $125.00 price objective on PACCAR and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, PACCAR presently has an average rating of “Hold” and an average target price of $122.00.

PACCAR Stock Up 0.1%

NASDAQ PCAR opened at $113.03 on Wednesday. PACCAR has a 1-year low of $90.05 and a 1-year high of $131.88. The company has a market capitalization of $59.49 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.05 and a beta of 1.02. The stock’s 50 day moving average is $119.49 and its two-hundred day moving average is $115.22. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. The company had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS.

Hedge Funds Weigh In On PACCAR

Hedge funds and other institutional investors have recently bought and sold shares of the business. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of PACCAR during the 1st quarter worth approximately $9,273,000. ABN Amro Investment Solutions grew its stake in PACCAR by 10.4% in the 1st quarter. ABN Amro Investment Solutions now owns 33,732 shares of the company’s stock valued at $3,896,000 after buying an additional 3,186 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in PACCAR by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 133,234 shares of the company’s stock valued at $15,388,000 after buying an additional 4,258 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new position in PACCAR in the 1st quarter valued at about $524,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in PACCAR during the first quarter worth approximately $768,000. Institutional investors own 64.90% of the company’s stock.

Insiders Place Their Bets

In other PACCAR news, CFO Brice J. Poplawski sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the completion of the transaction, the chief financial officer directly owned 903 shares in the company, valued at $117,760.23. This trade represents a 70.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.99% of the stock is currently owned by corporate insiders.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, May 13th. This is a boost from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.2%. PACCAR’s dividend payout ratio is currently 28.09%.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.