What's particularly noteworthy is At the right price, Paccar stock would be a buy. Conversely, It's not quite there yet, though (which is quite significant). S of Paccar (PCAR 6.
Moreover, 10%), one of the nation's biggest truck manufacturers, jumped 4. 8% through 11:55 a. At the same time, ET Tuesday after beating on sales and meeting on earnings in its Q2 report.
On the other hand, Analysts forecast Paccar would earn $1. 37 per in Q2, and Paccar nailed that target. Sales were only supposed to be $7 billion, however, but Paccar dered revenue of $7.
5 billion -- good news for truck demand and, potentially, for transportation stocks as well. Image source: Getty Images. Paccar Q2 earnings Not all the news was good, amid market uncertainty.
Paccar beat expectations with its $7, amid market uncertainty. 5 billion in sales, but that was still down 15% from the $8 (remarkable data). Meanwhile, 8 billion in the truck company did a year ago.
The decline in fits was worse -- down 36% year over year (this bears monitoring).
At the same time, Executive VP Kevin Baney noted that despite the numbers, Paccar's Kenworth and Peterbilt brands are holding their own, with combined 30. 4% market in the U.
And Canada in the first six months of this year (which is quite significant).
This analysis suggests that two brands also have new electric trucks available for sale to regional haulers, with the Kenworth T680E and Peterbilt 579EV both able to travel up to 250 miles on a single charge.
Meanwhile, Is Paccar stock a buy. Priced at 15. Furthermore, 7 times trailing earnings (a little more than that with debt included in the equation) and paying a generous 4.
Furthermore, 6% dividend yield, Paccar stock isn't particularly expensive, though the declines in both sales and fits may give an investor pause. Free cash flow is strong as well, $2.
9 billion, backing up 94% of reported net income (something worth watching). Analysts only forecast an 8% long-term earnings growth rate for the stock, however, making it still a bit pricey.
Additionally, Drop the price 20% or so, and I'd be a buyer of Paccar stock, given current economic conditions.
The Author Rich Smith is a contributing Defense Analyst at The Motley Fool, covering publicly traded and emerging in defense, space, and aerospace, in light of current trends.
Moreover, Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D, amid market uncertainty.
He holds a B. In International Relations from the College of William & Mary in Virginia, a J.
From the University of Baltimore, and language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation, considering recent developments.
Fun fact: Canada's The Globe and Mail him in an article titled, "Ex-lawyer one of the best stock pickers since 2009, in light of current trends.
Moreover, " TMFDitty X @RichSmithFool Rich Smith has no position in any of the stocks mentioned, in today's financial world.
On the other hand, The Motley Fool has no position in any of the stocks mentioned (something worth watching). On the other hand, The Motley Fool has a disclosure policy (which is quite significant).