BELLEVUE, Wash., July 5, 2019 – Shares of PACCAR Inc (NASDAQ: PCAR) lost -0.21% to $71.20. The stock grabbed the investor’s attention and traded 796.352K shares as compared to its average daily volume of 1.57M shares. The stock’s institutional ownership stands at 67.00%.
Paccar Inc. (PCAR) reported first-quarter earnings of $629.0M. The Bellevue, Washington-based company said it had profit of $1.81 per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The truck maker posted revenue of $6.49B in the period. Its adjusted revenue was $6.14B, which also topped Street forecasts. Five analysts surveyed by Zacks expected $5.99B.
PCAR has a market value of $24.33B while its EPS was booked as $6.60 in the last 12 months. The stock has 341.75M shares outstanding. In the profitability analysis, the company has gross profit margin of 18.50% while net profit margin was 9.50%. Beta value of the company was 1.25; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 3.00.