On 2016-06-08, Caterpillar, Inc. (NYSE:CAT) updated that it will disburse dividend of $0.77 a share to shareholders as on record 2016-07-20. The dividend release date is 2016-08-20 while ex-dividend date is 2016-07-18.
Last year, Caterpillar, Inc. (NYSE:CAT) paid a total of $0.77 per share in dividend. This payout figure stood at $0.77 a share in the equivalent period a year ago representing a change of 13.0769 percent.
The experts team layering the stock estimates has given a price target of $77.363 on the stock. The target price is the average of 11 brokerages’ calls. The bullish and bearish price estimates are set at $98 and $50, respectively.
Applying the mathematical rating mechanism, the price for Caterpillar, Inc. (NYSE:CAT) stands at 2.86. Quarterly earnings for period ending on 2016-09-30 is set to be announced by 2016-10-27. For the period ending on 2016-09-30, the projected EPS is $0.74.
Caterpillar, Inc. (NYSE:CAT) recorded EPS of $1.09 for the quarter ending on 2015-12-31. The EPS failed to meet the analysts’ estimate of $0.96, demonstrating a miss of $0.13 as against reported figures.
Earnings estimates are based on analysts’ expectations of firm’s profitability and growth. To forecast earnings, most analysts create financial models that project prospective costs and revenues. Many analysts will include top-down elements such as currencies, economic growth rates, and other macroeconomic elements that impact corporate growth. They use research reports to get an idea of underlying growth trends. To know the dynamics of the individual firms they cover, good analysts speak to customers, competitors and suppliers. The firms themselves provide earnings guidance that market analysts bring into the models.
To forecast revenues, analysts predict sales volume growth and evaluate the prices that firms can charge for the goods. On the cost side, they look at anticipated changes in the costs of operating the business. Costs cover wages, materials utilized in production, sales and marketing costs, interest on loans, and others.
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