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Caterpillar Inc. (CAT)

NYSE - NYSE Delayed price. Currency in USD
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131.52-0.26 (-0.20%)
At close: 4:00PM EDT

131.95 +0.43 (0.33%)
After hours: 6:05PM EDT

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Trade prices are not sourced from all markets
Previous close131.78
Bid131.07 x 1300
Ask132.22 x 900
Day's range130.67 - 132.44
52-week range87.50 - 150.55
Avg. volume3,668,225
Market cap71.184B
Beta (5Y monthly)1.08
PE ratio (TTM)17.57
EPS (TTM)7.49
Earnings date27 Oct 2020
Forward dividend & yield4.12 (3.13%)
Ex-dividend date17 Jul 2020
1y target est137.70
  • Caterpillar (CAT) Q2 2020 Earnings Call Transcript
    Motley Fool

    Caterpillar (CAT) Q2 2020 Earnings Call Transcript

    CAT earnings call for the period ending June 30, 2020.

  • Dow Jones Slumps Despite Apple's Blockbuster Earnings; Caterpillar Stock Sinks on Weak Demand
    Motley Fool

    Dow Jones Slumps Despite Apple's Blockbuster Earnings; Caterpillar Stock Sinks on Weak Demand

    Apple beat analyst estimates by a mile with its fiscal third-quarter results, and Caterpillar is suffering a steep drop in demand for its products.

  • Caterpillar Sees Little Hope for Quick Recovery in Demand

    Caterpillar Sees Little Hope for Quick Recovery in Demand

    (Bloomberg) -- Caterpillar Inc. offered little hope of a quick recovery in demand for its machinery, as concern of second waves of the coronavirus weighed on the prospects for the rest of the year.The Deerfield, Illinois-based company’s Chief Financial Officer Andrew Bonfield told analysts in a conference call that they shouldn’t expect margins to improve much in the third quarter compared to the second quarter. Earlier, Caterpillar said that sales fell across the company’s business units, and it sees a similar percentage decrease in end-user demand in the third quarter.The drop in sales eclipsed a 25% reduction in total operating costs, which helped prop up adjusted profit in the second quarter at $1.03 a share, topping the 65-cent average analyst estimate. Dealers reduced inventories by $1.4 billion during the quarter, and the company expects that to increase to over $2 billion for the full year.Caterpillar fell 4.1% to $131.13 as of 10:21 a.m. in New York. The shares have declined 11% this year.“Analysts are going to be really tempted to extrapolate the earnings beat into the next couple of quarters, but Caterpillar’s management is being cautious and trying to keep analysts from doing that,” Matt Arnold, an analyst at Edward Jones, said in a telephone interview. “It’s probably appropriate.”Caterpillar, considered an industrial bellwether, has been cutting costs and paring production to shore up profit. But as signs of stabilization and incremental improvement begin to emerge, the focus is likely to turn toward the trajectory of a recovery, Bloomberg Intelligence said this month.The report comes amid tentative signs of recovery in some of the main markets for the company’s signature yellow machines. Miners have expressed a modicum of optimism as they continue churning out metal despite virus outbreaks. And manufacturing indexes are pointing to some gains in major economies including China.To be sure, Caterpillar Chief Executive Officer Jim Umpleby tempered analysts’ expectations by reminding them a lot of uncertainty remains about the virus.“It’s very much a fluid, dynamic situation,” he said on the earnings call. “It’s difficult for me to really predict any area other than right now.”The second-quarter announcement comes after Caterpillar had extended plant closures for longer than expected, in a signal that the economic recovery was progressing slowly.Bonfield said Friday in a telephone interview that the company will do more factory shutdowns as needed to respond to demand changes.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.