Skip to main content

Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Inc. Maintains Dividend Rate

[PR Newswire] – PEORIA , Ill., June 8, 2016 /PRNewswire/ — The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly cash dividend of seventy-seven cents ($0.77) per share of common … Read more on this. Caterpillar Inc. (CAT) , valued at $45.63B, started trading this morning at $77.50. Today’s price range has been between $77.26 and $78.70 per share and has traded between $56.36 and $88.81 over the past 12 months. CAT shares are currently priced at 21.59x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.16x forward p/e ratio. The company pays shareholders $3.08 per share annually in dividends, yielding 4.03%. According to a consensus of 16 analysts, the earnings estimate of $0.97 per share would be $0.30 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $3.54 which would be a $1.10 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.06 Billion. If realized, that would be a 18.34% decrease over the year-ago quarter. More recently, Goldman downgraded CAT from Neutral to Sell (Jan 25, 2016). Previously, Deutsche Bank downgraded CAT from Buy to Hold. Investors should keep in mind is that the average price target is $68.76, which is 11.28% below where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Stock Update: Caterpillar Inc (NYSE:CAT) – Caterpillar ready to move into Cuban market once embargo lifted -CEO Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Inc. to Announce First-Quarter 2016 Financial Results on April 22 Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces Officer Retirement and Further Consolidation of Divisions
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.