Zacks Research Analysts Raise Earnings Estimates for PACCAR

PACCAR Inc. (NASDAQ:PCAR) – Investment analysts at Zacks Research lifted their Q2 2027 earnings per share (EPS) estimates for shares of PACCAR in a report issued on Friday, May 29th. Zacks Research analyst Team now expects that the company will earn $1.56 per share for the quarter, up from their prior forecast of $1.55. The consensus estimate for PACCAR’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for PACCAR’s Q3 2027 earnings at $1.61 EPS, Q4 2027 earnings at $1.70 EPS and FY2027 earnings at $6.30 EPS.

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

Several other brokerages have also recently commented on PCAR. Evercore set a $139.00 price target on PACCAR in a research note on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. BNP Paribas Exane started coverage on PACCAR in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price target for the company. Truist Financial boosted their price target on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $122.00.

PACCAR Trading Down 0.8%

Shares of NASDAQ PCAR opened at $109.47 on Tuesday. The stock has a market cap of $57.61 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.02 and a beta of 0.98. The business has a 50 day simple moving average of $117.27 and a 200 day simple moving average of $116.40. PACCAR has a 52 week low of $90.05 and a 52 week high of $131.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 3.11.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be given a $0.35 dividend. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, May 13th. PACCAR’s dividend payout ratio (DPR) is currently 29.79%.

Institutional Investors Weigh In On PACCAR

Several hedge funds have recently modified their holdings of PCAR. Brighton Jones LLC boosted its position in shares of PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after acquiring an additional 290 shares during the period. Focus Partners Wealth raised its stake in shares of PACCAR by 15.4% in the first quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,812 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of PACCAR by 2.3% in the second quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company’s stock valued at $22,886,000 after purchasing an additional 5,327 shares in the last quarter. Ieq Capital LLC raised its stake in shares of PACCAR by 11.5% in the second quarter. Ieq Capital LLC now owns 37,404 shares of the company’s stock valued at $3,556,000 after purchasing an additional 3,858 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of PACCAR in the second quarter valued at $81,000. 64.90% of the stock is owned by institutional investors.

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.