Caterpillar Inc. (NYSE:CAT) is set to announce third quarter results later this month. The company posted better-than-expected second quarter results in July. The stock is up more than 41% since the start of this year. Investment firm Goldman Sachs recently increased its price target for Caterpillar to $158 from $143. Goldman’s analyst Jerry Revich said in his report that he expected about $9 billion stock buybacks over the next three years. He is also bullish on the stock amid an increasing construction activity in the US and around the world.
Over the current book year the total revenue will be 42,94 billion USD (consensus estimates). This is hugely more than 2016's revenue of 38,54 billion USD.
The analysts expect for 2017 a net profit of 3,17 billion USD. Most of the analyst anticipate on a profit per share of 5,29 USD. The price-earnings-ratio equals 24,87.
For this year the analysts expect a dividend of 3,11 USD per share. Thus the dividend yield equals 2,36 percent. The average dividend yield of the industrial companies equals a moderate 0,60 percent.
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