What Investors Should Know about Caterpillar’s Leverage and Liquidity
For 3Q16, Caterpillar (CAT) reported its interest expenses at $126 million compared to $127 million during a comparable period in 2015.
Caterpillar (CAT) derives more than 90% of its revenues from its Construction Industries (ITB), Resource Industries, and Energy & Transportation segments.
Caterpillar (CAT) reduced its sales and revenue forecast to $39 billion from its previous guidance of $40.0 billion–$40.5 billion.
Of the 26 analysts covering Caterpillar (CAT) stock, six analysts gave the company a “buy” rating on January 13, 2017. Sixteen analysts gave it a “hold” recommendation, and four analysts recommended it as a “sell.”
Caterpillar (CAT) plans to announce its fiscal 2016 and 4Q16 earning results on January 26, 2017. In this series, we’ll look at analyst expectations for CAT’s 4Q16 earnings and the factors that led analysts to arrive at those expectations.
Among the analysts surveyed by Thomson Reuters, all seven have “neutral” ratings on The Toro Company (TTC).
On November 3, 2016, Toro announced that it had entered into an agreement to acquire Regnerbau Calw, a privately held manufacturer of professional irrigation equipment.
The Toro Company (TTC) is scheduled to declare its fiscal 4Q16 earnings on December 8, 2016, for the quarter that ended on October 31, 2016.
The average 12-month target price on Donaldson (DCI) has risen from $29.80 at the beginning of 2016 to $36.00 on November 25, 2016.
During the Robert Baird Industrial Conference held on November 8 in Chicago, Donaldson (DCI) noted that it intends to add 1%–2% annual growth through acquisitions.
The Donaldson Company (DCI) is scheduled to declare its fiscal 1Q17 earnings on December 1, 2016. The company’s consensus revenue for fiscal 1Q17 is ~$535.7 million.
Deere (DE) expects year-over-year farm cash receipts in the United States to remain flat at ~$367.0 billion in 2017. In 2016, it sees cash receipts falling 6.0% over 2015.
In its 3Q16 earnings call, Deere (DE) talked about its plan to increase pre-tax profits by $500.0 million by 2018 through structural cost reductions.
Deere (DE) Financial Services represented 11.5% of the company’s revenues in 4Q16, which is higher than 9.7% in 4Q15.
Deere (DE) expects net sales in fiscal 2017 to fall 1.0% over fiscal 2016 sales of $26.6 billion. Wall Street analysts were expecting a larger fall of 3.0%.
Deere’s (DE) revenues in 4Q16 fell 3.0% YoY to $6.5 billion. Revenues in the equipment business, including agriculture and construction, fell 5.0%.
Deere’s (DE) cost of sales as a percent of net sales was 77.6% in 4Q16. SG&A (selling, general, and administrative) expenses rose 3.0% in the fourth quarter.
Deere (DE) released its fiscal 4Q16 earnings on November 23, 2016. It reported diluted EPS of $0.90 and crushed consensus estimates by $0.50.
Among the ratings listed in Thomson Reuters, ten analysts have a “hold” rating on Jacobs Engineering, five have a “buy” rating, and two have a “sell” rating.
After Donald Trump won the US presidential election, Jacobs Engineering (JEC) rose 9% on November 9. For now, the benefits are just speculation.