Caterpillar Stock News

For the third quarter, Wall Street is looking for earnings per share of $5.35 from sales of $16.4 billion, according to FactSet.

Caterpillar (NYSE: CAT) will report its Q3 2024 results on Tuesday, October 29. We expect the company's revenues to come in at $16.2 billion and adjusted earnings of $5.36 per share, broadly aligning with the consensus estimates.

Caterpillar (CAT) reached new all-time highs in September. Earnings are steady despite tough conditions; upcoming report may cause volatility but won't alter CAT's strong performance and profitability. Central bank rate cuts and China's significant stimulus package are expected to boost economic activity and CAT's revenue growth.

On 10/21/24, Caterpillar, Graco and Costamare will all trade ex-dividend for their respective upcoming dividends. Caterpillar will pay its quarterly dividend of $1.41 on 11/20/24, Graco will pay its quarterly dividend of $0.255 on 11/6/24, and Costamare will pay its quarterly dividend of $0.115 on 11/6/24.

IRVING, Texas , Oct. 16, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release third-quarter 2024 financial results at 5:30 a.m. CDT on Wednesday, Oct. 30.

Shares of Caterpillar (CAT) slid 2% Monday as analysts at Morgan Stanley downgraded the stock and lowered their price target, citing pressure on the company's construction industries segment.

Markets continued where they left off last week amid rising optimism over corporate profits.

Shares of construction-equipment maker Caterpillar Inc. (NYSE:CAT) are 3.5% lower at $387.97 this morning, after suffering a bear note from Morgan Stanley.