Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Inc. to Announce First-Quarter 2016 Financial Results on April 22

[PR Newswire] – PEORIA, Ill., April 8, 2016 /PRNewswire/ — Caterpillar Inc. (CAT) will release first-quarter 2016 financial results at 6:30 a.m. CDT on Friday, April 22. The news release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules. A real-time, listen-only teleconference and webcast of the quarterly results call that Caterpillar conducts with security analysts and institutional investors will begin at 10 a.m. CDT on Friday, April 22. Read more on this. Caterpillar Inc. (CAT) , with a current market cap of $43.73B, opened this morning at $75.03. Looking at the stock, its one day range is $74.76 to $75.25 with a trailing 52-week range being $56.36 to $89.62. CAT shares are currently priced at 20.86x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.11x earnings multiple. And for income investors, the company pays shareholders $3.08 per share annually in dividends, yielding 4.07%. According to a consensus of 17 analysts, the earnings estimate of $0.71 per share would be $1.15 worse than the year-ago quarter and a $0.22 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.63 would be a $1.01 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.59 Billion. If realized, that would be a 24.49% 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. When considering if the stock is under or overvalued, the average price target is $62.63, which is 16.53% below where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces Officer Retirement and Further Consolidation of Divisions Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Announces New Responsibilities for Officers Stock Update (NYSE:CAT): Caterpillar Inc. to Announce Full-Year and Fourth-Quarter 2015 Financial Results on January 28