Caterpillar Inc (CAT): Massive Q1'17 Beat

Caterpillar Inc (CAT): Massive Q1'17 Beat

William Blair analyst L. De. The company's first quarter figures for this year showed sales and revenues of $9.82bn, which is $350m more than the corresponding figure for the first three months of 2016.

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. The Q3 2017 consensus earnings estimates for the company have stabilized at US$0.8 per share. The company issued revenue guidance of $38-41 billion (Prior $36-39 billion), compared to the consensus revenue estimate of $38.24 billion. In terms of margins, Caterpillar Inc. has a gross margin of 26.50%, with its operating margin at 1.30%, and Caterpillar Inc. has a profit margin of -0.20%. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will post earnings per share of $3.80 for the year, up from their previous estimate of $2.85.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. TRADEMARK VIOLATION NOTICE: This news story was originally posted by Markets Daily and is owned by of Markets Daily.

Caterpillar Inc.is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/somewhat-positive-media-coverage-very-likely-to-impact-caterpillar-cat-stock-price-updated/604314.html.

Several other research analysts have also recently commented on the stock.

More news: John Horgan: US-imposed duties on BC softwood lumber are entirely unjustified

Caterpillar Inc. (CAT) added 0.23% to reach $104.66 in the previous trading session.

According to Zacks brokerage recommendations, Caterpillar Inc. Raymond James Financial, Inc. upgraded shares of Caterpillar to a "buy" rating and set a $55.00 price target on the stock in a report on Thursday. Vetr upgraded Caterpillar from a "sell" rating to a "buy" rating and set a $98.27 price target for the company in a research note on Tuesday, February 7th. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has a consensus rating of "Hold" and a consensus target price of $91.94. Caterpillar has a 1-year low of $69.04 and a 1-year high of $105.98. The firm has a 50-day moving average price of $95.41 and a 200 day moving average price of $89.72. The stock's market cap is $60.22 billion. Caterpillar also was the target of unusually large options trading activity on Thursday. This represents an increase of approximately 477% compared to the average volume of 1,489 put options. Hedge funds and other institutional investors own 70.97% of the company's stock.

On 10/12/2016 Caterpillar announced a quarterly dividend of $0.77 3.54% with an ex dividend date of 10/20/2016 which will be payable on 11/19/2016. Overall, 9.84 Million shares exchanged hands versus its average trading volume of 5.58 Million shares.

In the last Quarter, Caterpillar Inc. Howe & Rusling Inc. now owns 1,087 shares of the industrial products company's stock worth $101,000 after buying an additional 372 shares during the last quarter. FMR LLC increased its stake in Caterpillar by 25.8% in the fourth quarter. Finally, Integrated Wealth Management increased its stake in Caterpillar by 34.6% in the third quarter. Integrated Wealth Management now owns 1,246 shares of the company's stock valued at $111,000 after buying an additional 320 shares during the period. Financial Architects Inc increased its stake in Caterpillar by 5.7% in the first quarter. The shares were sold at an average price of $97.90, for a total transaction of $380,243.60. The shares were bought at an average price of $99.32 per share, with a total value of $99,320.00. The disclosure for this sale can be found here. Stock investors bought 8,585 put options on the company.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 20th. Investors of record on Monday, April 24th will be issued a dividend of $0.77 per share.

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