Zacks Research Brokers Boost Earnings Estimates for PACCAR

PACCAR Inc. (NASDAQ:PCAR) – Analysts at Zacks Research raised their Q1 2028 earnings per share (EPS) estimates for PACCAR in a research report issued to clients and investors on Tuesday, May 12th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $1.59 for the quarter, up from their previous forecast of $1.57. The consensus estimate for PACCAR’s current full-year earnings is $5.59 per share.

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

PCAR has been the topic of several other reports. Truist Financial raised their price objective on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on PACCAR from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Evercore set a $139.00 target price on PACCAR in a research report on Monday. BNP Paribas Exane initiated coverage on PACCAR in a research report on Tuesday, March 31st. They set a “neutral” rating and a $126.00 target price on the stock. Finally, Wells Fargo & Company set a $125.00 target price on PACCAR and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Hold” and a consensus target price of $122.00.

PACCAR Trading Down 1.1%

NASDAQ:PCAR opened at $111.78 on Thursday. The business’s 50-day moving average is $119.24 and its two-hundred day moving average is $115.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. PACCAR has a 12 month low of $90.05 and a 12 month high of $131.88. The firm has a market capitalization of $58.83 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02.

PACCAR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. PACCAR’s payout ratio is 28.09%.

Hedge Funds Weigh In On PACCAR

A number of hedge funds have recently bought and sold shares of PCAR. Norges Bank acquired a new position in PACCAR in the fourth quarter worth about $727,745,000. Wellington Management Group LLP grew its stake in PACCAR by 18.6% in the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock worth $2,516,272,000 after purchasing an additional 3,597,283 shares in the last quarter. UBS Group AG grew its stake in PACCAR by 74.4% in the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock worth $498,146,000 after purchasing an additional 1,940,260 shares in the last quarter. American Century Companies Inc. grew its stake in PACCAR by 235.9% in the third quarter. American Century Companies Inc. now owns 2,540,688 shares of the company’s stock worth $249,801,000 after purchasing an additional 1,784,236 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in PACCAR by 129.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,275,921 shares of the company’s stock worth $249,237,000 after purchasing an additional 1,286,056 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR News Roundup

Here are the key news stories impacting PACCAR this week:

• Negative Sentiment: Zacks Research cut PACCAR’s FY2026 EPS estimate to $5.34 from $5.41, below the current consensus of $5.60, suggesting analysts see near-term earnings coming in weaker than Wall Street expects.
• Negative Sentiment: The firm also trimmed Q2 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027, FY2027, and FY2028 earnings forecasts, reinforcing concerns that margin or demand trends could be less favorable than previously thought.
• Neutral Sentiment: Not all revisions were negative: Zacks raised its Q1 2027 and Q3 2026 EPS estimates, indicating some periods may still show improvement even as the broader outlook was reduced.

About PACCAR

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.