All Posts Tagged With: "PCAR"
(CMI) Cummins Analyst Downgrades Shares to Neutral
We have downgraded our recommendation on Cummins Inc. (CMI) to Neutral from Outperform. Headquartered in Columbus, Indiana, Cummins is a leading worldwide designer, manufacturer and distributor of diesel and natural gas engines, electric power generation systems, and engine-related...
30Nov2011 | vitalstocks | 0 comments | Continued(AXL) American Axle & Manufacturing Holdings Analyst Maintains Neutral
We are maintaining our Neutral recommendation on American Axle & Manufacturing Holdings, Inc. (AXL). American Axle is a leading supplier of driveline systems, modules and components for the light vehicle market. The company manufactures axles, driveshafts and chassis components...
28Nov2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Raises Sales Targets
Cummins Inc. (CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure. The company expects to achieve $30 billion in sales, with earnings...
20Sep2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Raises Sales Targets
Cummins Inc. (CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure. The company expects to achieve $30 billion in sales, with earnings...
20Sep2011 | vitalstocks | 0 comments | Continued(AXL) American Axle & Manufacturing Holdings Remains Neutral
We reiterate our Neutral recommendation on American Axle & Manufacturing Holdings Inc. (AXL), which is a leading supplier of driveline systems, modules and components for the light vehicle market. The company makes axles, driveshafts and chassis components for light trucks,...
6Jul2011 | vitalstocks | 0 comments | Continued(NAV) Navistar International Beats The Street but Profits Fall
Navistar International Corporation (NAV) posted a decline in profit of $49 million or 68 cents per share in the fourth quarter of its fiscal year ended October 31, 2010 from $86 million or $1.19 per share in the same quarter of prior year. In spite of this, the profit was higher...
25Dec2010 | vitalstocks | 0 comments | Continued(BA) New Orders for Durable Goods Fall
New Orders for Durable Goods fell 3.3% in October. That was much worse than the consensus expectations for a decline of 0.3%. The bad news cannot just be pegged on the extremely volatile Transportation Equipment side, and more specifically, from the Non-Defense Aircraft component,...
19Dec2010 | vitalstocks | 0 comments | Continued(BA) July New Orders for Durable Goods Report is Dismal
New Orders for Durable Goods rose just 0.3% in July. That was far below the consensus expectations for an increase of 3.0% (oh, what a difference a silly little decimal point can make!). The news is worse than even that headline number suggests. All of the strength came from...
5Oct2010 | vitalstocks | 0 comments | Continued(BA) Aircraft Numbers Skew New Orders for Durable Goods
New Orders for Durable Goods fell 1.3% in July. That was slightly better than the consensus expectations for a decline of 1.4%. The news is better than the headline number suggests. All of the weakness came from the extremely volatile transportation equipment side, and more specifically,...
2Oct2010 | vitalstocks | 0 comments | Continued(PCAR) PACCAR Incorporated – Bull of the Day
We have upgraded our rating from Neutral to Outperform on PACCAR (PCAR), a designer and manufacturer of premium light, medium and heavy duty trucks. PACCAR maintains a robust market share, bolstered by strong growth in Mexico and Australia. In addition, its core business in Europe...
30Aug2010 | vitalstocks | 0 comments | Continued(PCAR) PACCAR First Quarter 2010 Earnings Scorecard
PACCAR Inc. (PCAR) reported its first quarter earnings for 2010 on April 20, 2010, outperforming the Zacks Consensus Estimate by 4 cents per share. The market reacted positively, with share prices rising in the subsequent days. Analysts were optimistic given the company’s impressive...
17May2010 | vitalstocks | 0 comments | Continued(PCAR) PACCAR Reports First Quarter Profits More than Double
PACCAR Inc. (PCAR) has reported a profit of $68.3 million or 19 cents per share in the first quarter of 2010, which is more than double compared to $26.3 million or 7 cents per share in the prior-year quarter. With this, the truck maker also surpassed the Zacks Consensus Estimate...
21Apr2010 | vitalstocks | 0 comments | Continued(NAV) Navistar International Analyst Raises Guidance
Navistar International Corp. (NAV) has upgraded its financial outlook for fiscal 2010 ended October 31, 2010. The upsurge was driven by a military truck order of $750 million, won by the company in February this year, to manufacture about a thousand Mine Resistant Ambush Protected...
12Apr2010 | vitalstocks | 0 comments | Continued(AMAT) Personal Income Increases – Savings Slip in February
In February, Personal Income increased by $1.2 billion from January. That is essentially unchanged, as the increase does not even round to 0.1%. In contrast, personal consumption expenditures, also know as PCE or personal spending, rose by $34.7 billion or 0.3%. If spending rises...
29Mar2010 | vitalstocks | 0 comments | Continued(PCAR) U.S. Productivity & Standard of Living
The nation’s productivity, or output per hour worked Incorporatedreased at a seasonally adjusted annual rate of 6.9% in the fourth quarter. That is up substantially from the preliminary estimate of a 6.2% increase. The 6.9% is a slowdown from the 7.8% rate in the third...
4Mar2010 | vitalstocks | 0 comments | Continued(PCAR) PACCAR Maintains Profitability
PACCAR Inc. (PCAR) has posted a profit of $57.5 million or 16 cents per share (excluding special items), compared to $113.1 million or 31 cents per share in the same quarter of 2008. With this, the company outdid the Zacks Consensus Estimate of 7 cents per share. Net sales and...
30Jan2010 | vitalstocks | 0 comments | Continued(F) New Orders for Durable Goods Orders Rise a Bit
At first blush, the report on New Orders for Durable Goods was a disappointment. But digging through the details, it is not as bad as it first seems. This report is one where digging through the details is especially important, and just going with the headline total number can...
28Jan2010 | vitalstocks | 0 comments | Continued(BA) Institute for Supply Management’s Manufacturing Index Slips 2 Points
In November, the Institute for Supply Management’s manufacturing index slipped to 53.6 from 55.7 in October. While disappointing, the index remains above 50, which indicates that the manufacturing side of the economy is still expanding. It is also the second-highest reading...
1Dec2009 | vitalstocks | 0 comments | Continued(JOYG) The Shape of GDP
While last week GDP growth came in better than expected at 3.5%, which was a very welcome development, there was very little change in the coverall shape of GDP. This is a troubling development for the long term. GDP is the sum of spending by the Consumer, Private Investment,...
4Nov2009 | vitalstocks | 0 comments | Continued(PCAR) Paccar Tumbles on Weak Growth
Paccar Inc. (PCAR) reported third quarter net income of $13.0 million or 4 cents per share, compared to a net income of $299 million or 82 cents per share in the prior-year quarter. Results were substantially short of the Zacks Consensus Estimate of 2 cents due to the continued...
29Oct2009 | vitalstocks | 0 comments | Continued(BA) September Durable Goods Report: Pretty Good
In September, new orders for Durable Goods (DG) rose by 1.0%, the up-leg of a recent seesaw pattern in this series. In August, DG orders fell by 2.6% following a 4.8% rise in July. The results were comfortably ahead of the 0.5% consensus expectations. However, over the last year,...
28Oct2009 | vitalstocks | 0 comments | Continued(CMI) Cummins to Rehire 270 Workers at its Columbus Midrange Engine Plant
Cummins (CMI) has revealed that it will recall about 270 production employees at its Columbus Midrange Engine Plant (CMEP) in Walesboro, Indiana. A temporary increase in orders for the Dodge Ram turbo diesel pickup truck engines made at the plant has led to the recall. The workers...
9Oct2009 | vitalstocks | 0 comments | Continued(F) Getting More Productive
We are starting to see many signs that the overall economy is beginning to climb out of the recession; for example, the 52.9 reading from the ISM yesterday. But the one area that has yet to see any real improvement is in the jobs market. Well, if output is starting to go up but...
2Sep2009 | vitalstocks | 0 comments | Continued(PCAR) Moody’s Gives Downgrade to Paccar
Moody’s Investors Service has downgraded its outlook on Paccar Inc. (PCAR) and its main financing arm to Negative from Stable, expecting the heavy truck maker to continue to face difficulties due to a slump in truck demand. The credit ratings agency has also affirmed its...
25Aug2009 | vitalstocks | 0 comments | Continued