Stock Update (NYSE:CAT): Caterpillar Inc. to Announce Full-Year and Fourth-Quarter 2015 Financial Results on January 28

[PR Newswire] – PEORIA, Ill., Jan. 14, 2016 /PRNewswire/ — Caterpillar Inc. (CAT) will release full-year and fourth-quarter 2015 financial results at 6:30 a.m. Central Time on Thursday, January 28. The news release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules. A real-time, listen-only teleconference and webcast of the quarterly results call that Caterpillar conducts with security analysts and institutional investors will begin at 10 a.m. Central Time on Thursday, January 28. Read more on this. Caterpillar Inc. (CAT) , currently valued at $36.26B, opened this morning at $61.24. Today’s price range has been between $60.38 and $62.64 per share with the price of the stock fluctuating between $60.38 to $89.62 over the last 52 weeks. CAT shares are currently priced at 13.27x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.52x forward p/e ratio. And for passive income investors, the company pays shareholders $3.08 per share annually in dividends, yielding 4.87%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $0.69 per share, which would be $0.66 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.59, which would be a $1.79 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.47 Billion. If realized, that would be a 19.45% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded CAT from Buy to Hold (Dec 17, 2015). Previously, Robert W. Baird downgraded CAT from Outperform to Neutral. Investors should keep in mind is that the average price target is $67.81, which is 10.73% above where the stock opened this morning. See more in (NYSE:CAT) Similar Articles: Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the Baird 2015 Industrial Conference on November 11; Webcast Available Stock Update: Caterpillar Inc (NYSE:CAT) – Caterpillar to Participate in the Goldman Sachs Industrials Conference 2015 on November 4; Webcast Available Market Update: Caterpillar Inc (NYSE:CAT) – Caterpillar Inc. to Announce Third-Quarter 2015 Financial Results on October 22