PACCAR Inc has released its financial results for the latest quarter, reporting earnings per share (EPS) of $1.85, which exceeded analysts' expectations of $1.82 by $0.03. The company's revenue of $8.24 billion also surpassed the consensus estimate of $7.66 billion.
PACCAR experienced a 5.2% decline in revenue compared to the same quarter last year. However, the company's net margin was 13.51% and its return on equity was 27.24%. Analysts predict an EPS of 7.98 for the current fiscal year.
PACCAR has declared a quarterly dividend of $0.30 per share, with a payout ratio of 13.41%. The stock has received mixed reviews from research firms, with target price adjustments and rating changes.
PACCAR operates in three segments: Truck, Parts, and Financial Services. The company is focused on adapting to industry trends, including electrification.
The company's performance and ability to balance shareholder returns with strategic investments are closely monitored by investors and analysts.