67.77 0.00 (0.00%)
After hours: 4:40PM EST
|Bid||50.00 x 800|
|Ask||68.02 x 900|
|Day's Range||67.13 - 69.92|
|52 Week Range||62.13 - 83.41|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||9.86|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||1.28 (1.84%)|
|Ex-Dividend Date||Feb 09, 2020|
|1y Target Est||78.26|
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
(Bloomberg) -- Global borrowers shunned Europe’s corporate debt market for a second day as a cluster of new coronavirus cases in Italy sent yields sharply higher, bringing sales of new bonds to a near standstill.Just one corporate deal has surfaced Tuesday, joining a downsized ING Groep NV sale yesterday in a week that had been expected to deliver more than 20 billion euros ($22 billion) of sales, according to a Bloomberg News survey. Spain and the European Stability Mechanism are also braving the market today.Investors may have underestimated the impact of lock-down on supply chains and the global economy due to the virus outbreak “and yesterday we were reminded of this,” said Holger Mertens, head portfolio manager, global credit, at Nikko Asset Management. Martens said he expects “supply will continue to be strong” once volatility eases. The slump in corporate bond-sale activity is a far cry from January, when Europe’s debt market enjoyed its best-ever start to a year with 238.8 billion euros of sales. February also kicked off in similar fashion, with the biggest company bond offering since 2016 from LVMH Moet Hennessy Louis Vuitton SE helping spur a record week for sales of corporate debt.Plans ScrappedSince then global markets have tumbled as the virus spreads to new countries, with the number of cases worldwide now topping 80,000. As well as shutting companies out of the market, borrowers are also adjusting plans when it comes to marketing potential offerings, with Hamburg Commercial Bank scrapping investor meetings in Italy next week in favor of a conference call.Euro investment-grade borrowing costs have surged by the most in more than 18 months, while measures of credit risk rose to the highest since September on Monday. That failed to deter PACCAR Inc from offering 300 million euros of notes via its European financing arm Tuesday, the first sale in the currency from a non-financial borrower since Feb. 20, data compiled by Bloomberg show.(Updates with Tuesday’s debt sales, quote in third paragraph, details throughout)\--With assistance from Paul Cohen and Tasos Vossos.To contact the reporters on this story: Hannah Benjamin in London at email@example.com;Alice Gledhill in London at firstname.lastname@example.orgTo contact the editor responsible for this story: Vivianne Rodrigues at email@example.comFor 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.
Volvo Trucks North America (VTNA) and its Mack Trucks sibling later this year will allow drivers to activate over-the-air (OTA) updates for a range of truck functions, bypassing fleet managers and coordination with manufacturers. Parameter settings include setting the maximum road speed and shifting the engine into economy or performance mode. Driver-activated software updates are the next evolution of over-the-air updates, said David Pardue, Mack vice president of connected vehicle and contract services, adding that most updates can be completed in less than 15 minutes.
In a split decision, PACCAR Inc . (NASDAQ: PCAR ) is counting on major automotive suppliers Dana Inc . (NYSE: DAN ) and Meritor Inc. (NYSE: MTOR ) for its medium- and heavy-duty electric trucks. Kenworth ...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico considers law banning all double tractor-trailer trucks; Dynacraft finalizing relocation of plant to Texas; QSL opens new marine terminal on the Houston Ship Channel; El Paso border agents bust two commercial trucks for carrying narcotics.
Most expect the 2020 U.S. and Canada Class 8 truck market to range between 230,000 and 260,000 vehicles compared with 309,000 retail sales in 2019, the second-best year on record. "More is better, but 240,000 is not a bad market after these last two years of very, very high market," Mack Trucks President Martin Weissburg told FreightWaves.
Meritor Inc. (NYSE: MTOR) will provide integrated electrification on PACCAR Inc. (NASDAQ: PCAR) heavy-duty trucks as more of its traditional business evolves to battery-powered trucks. Meritor on Jan. 17 purchased the remaining shares it did not own in San Diego-based TransPower for an undisclosed sum.
Today we are going to look at PACCAR Inc (NASDAQ:PCAR) to see whether it might be an attractive investment prospect...
While Tesla comes up with impressive Q4 results on record-breaking deliveries, BorgWarner inks a $3.3-billion deal to acquire Delphi Technologies.
PACCAR Inc. (NASDAQ: PCAR) expects first-quarter orders for new Class 8 trucks to fall 5-7%, but its comparatively low inventory should limit production cuts, the truck maker told analysts Tuesday after reporting record revenue and profits for 2019. The parent company of Kenworth and Peterbilt claimed 30% of the U.S. and Canadian market in 2019 and had 34% of the industry's backlog of trucks waiting to be built, CEO Preston Feight said on PACCAR's call with analysts. PACCAR's European brand DAF finished 2019 with a 16.2% share in Europe and a dominant position in Brazil, where sales grew 60% during the year.
PACCAR (PCAR) projects capital expenditures, and research and development expenses at $625-$675 million and $310-$340 million, respectively, for the current year.
The Class 8 truck order slowdown took a toll on fourth-quarter revenue and profits at PACCAR Inc. (NASDAQ: PCAR ), but the parent company of Kenworth and Peterbilt trucks posted a full-year record in both ...
Paccar (PCAR) delivered earnings and revenue surprises of 2.00% and 2.93%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
"PACCAR (Nasdaq: PCAR) reported record annual revenues and profits in 2019 and has earned an impressive 81 consecutive years of net income," said Preston Feight, chief executive officer. "PACCAR’s vibrant results reflect the company’s premium-quality products and services, strong global truck markets, record truck production and record aftermarket parts sales. I am very proud of our employees who have delivered outstanding products and services to our customers." PACCAR delivered a total shareholder return of 45% compared to the S&P 500 Index total return of 31% in 2019.
In the fourth quarter, overall earnings and revenues for the auto sector are projected to decline 59.1% and 5.2% year over year, respectively.
While lower sales in the U.S. and EMEA market may have dented the top line, Harley-Davidson's (HOG) cost-containment initiatives are likely to have had a positive impact on the firm's Q4 earnings.
Record vehicle deliveries, aided by Model 3 sales, and improved performance of the energy and storage business are likely to have buoyed Tesla's (TSLA) Q4 earnings.
While General Motors (GM) plans to revive Hummer brand as an electric pickup, Ford's (F) China sales dip for the third straight year in 2019.
The Zacks Analyst Blog Highlights: Tesla, Blue Bird, PACCAR, AutoZone and Motorcar Parts of America