Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Paccar    PCAR

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

PACCAR Inc : Paccar Makes Further Trims to 3Q Truck Production Forecast

share with twitter share with LinkedIn share with facebook
share via e-mail
09/12/2012 | 08:41am CEST

By Bob Tita

Paccar Inc. (PCAR) expects third-quarter production of its commercial trucks to be lower than previously forecast, providing fresh evidence that demand for trucks in the U.S. is likely to remain weak into the fall.

The maker of Kenworth and Peterbilt-brand trucks said late Tuesday that truck production will be 15% to 20% below the second-quarter's production level. The Bellevue, Wash., company previously predicted a 10% decline in production from the second quarter.

"Industry orders for new trucks in North America have slowed in recent months, as customers evaluate the mixed signals of a sluggish economic recovery," said Executive Vice President Bob Christensen in a statement released with a quarterly dividend announcement.

Analysts said Paccar's cutback wasn't entirely surprising given that industrywide orders for trucks in North America have declined every month this year so far compared with the same period in 2011.

"What remains to be seen is whether industry orders pick up again after the summer or whether further cuts to production need to be made in 2013," said J.P. Morgan analyst Ann Duignan in a note to investors early Wednesday.

After a prolonged slump in North American truck sales stretching from 2007 through 2010, the rebound in the truck market has been shallower than expected and began losing steam at the end of last year. Paccar faces the added pressure of a weak truck market in Europe where the company builds DAF-branded commercial trucks. Demand for trucks in Europe this year has suffered from stalled economic growth brought on by the sovereign debt crisis.

Paccar closed Tuesday's regular trading session in New York up 0.43% at $41.71 a share.

Write to Bob Tita at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on PACCAR
10/05 PACCAR : Researchers Submit Patent Application, "Cyclonic Thermal Diffuser and M..
10/04 PACCAR : FAA Considers Proposal from Burlington, Washington to Release Airport L..
10/04 PACCAR : Public Notice for Land Release; Skagit Regional Airport, Burlington, WA
09/29 PACCAR : September Marks Milestone for The Larson Group
09/28 PACCAR : Patent Issued for Vocational Hood Latch Assembly (USPTO 9765555)
09/28 PACCAR : Patent Issued for Self-Stowing Rectangular Pontoon Trailer Skirts (USPT..
09/22 ERIN LUKE : Fleet Sales Administration Manager at Peterbilt Motors Co.
09/14 PACCAR INC (NASDAQ : PCAR) Files An 8-K Submission of Matters to a Vote of Secur..
09/13 PACCAR : Submission of Matters to a Vote of Security Holders (form 8-K/A)
09/12 PACCAR : Declares Regular Quarterly Cash Dividend
More news
News from SeekingAlpha
10/03 UBS sees positive trend for PACCAR
09/12 PACCAR declares $0.25 dividend
09/05 Tesla seen disrupting truck pricing
08/11 The Case For North American Cyclical Stocks
08/10 Dividend Growth Stocks Going Ex-Div August 14-18th
Financials ($)
Sales 2017 17 355 M
EBIT 2017 1 810 M
Net income 2017 1 424 M
Debt 2017 1 410 M
Yield 2017 2,36%
P/E ratio 2017 18,07
P/E ratio 2018 16,30
EV / Sales 2017 1,55x
EV / Sales 2018 1,45x
Capitalization 25 545 M
Duration : Period :
Paccar Technical Analysis Chart | PCAR | US6937181088 | 4-Traders
Technical analysis trends PACCAR
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 76,5 $
Spread / Average Target 5,2%
EPS Revisions
Ronald E. Armstrong Chief Executive Officer & Director
Mark Charles Pigott Executive Chairman
Harrie C. A. M. Schippers Chief Financial Officer & Executive Vice President
A. Lily Ley Chief Information Officer & Vice President
Charles R. Williamson Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PACCAR13.76%25 545
KOMATSU LTD32.79%30 170
KUBOTA CORP21.24%22 111
CNH INDUSTRIAL21.36%16 340
KION GROUP42.28%10 498