Caterpillar Reports 2016 Fourth-Quarter and Full-Year Financial Results; Provides Outlook for 2017
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Caterpillar (CAT) PT Raised to $85 at Jefferies; Reiterates Hold
January 27, 2017 8:48 AM ESTJefferies raised its price target on Caterpillar (NYSE: CAT) to $85.00 (from $80.00) while maintaining a Hold rating.
Analyst Stephen Volkmann commented, "Cost cuts continue to benefit margins despite ongoing market weakness. 4Q16 earnings, ex. adjustments, were better than expected on favorable decremental margins in... More
Caterpillar (CAT) Tops Q4 EPS by 17c, Sales Miss; Issues Mixed Guidance
January 26, 2017 7:32 AM ESTCaterpillar (NYSE: CAT) reported Q4 EPS of $0.83, $0.17 better than the analyst estimate of $0.66. Revenue for the quarter came in at $9.57 billion versus the consensus estimate of $9.84 billion.
GUIDANCE:
Caterpillar sees FY2017 EPS of $2.90 at midpoint, versus the consensus of $3.04. Caterpillar... More
