Caterpillar Inc. (CAT) Quarterly Profit Soars
Caterpillar Inc. (NYSE: CAT) has reported 96 percent surge in its profits for the third quarter. The company experienced strong performance in its engines and heavy equipment segment. Caterpillar Inc. almost doubled its profit to $1.22 per share from 64 cents per share it had earned a year ago.
- Caterpillar Inc. reported its quarterly profit at $792 million.
- Caterpillar Inc. had earned $404 million during the corresponding quarter of the last year.
Caterpillar Inc. also declared 53 percent increase in its sales. The sales figure for the quarter stood at $11.13 billion. The street expectations were pegged at $1.09 in earnings per share. The revenue was estimated to be at $10.5 billion. Caterpillar Inc. has also raised its forecast for the full year. The company now expects to earn between $3.80 and $4.00 per share in earnings for the entire year.
Caterpillar Inc. said, “2010 is shaping up to be one of the most significant year-over-year increases in sales and revenues in our history.” The analysts are expecting the company to earn $3.76 per share in the year 2010. The company is expected to register $50 billion in revenue during 2011.
Caterpillar Inc. is a Peoria, Illinois-based provider of construction and mining equipment.
Key Financial Stats
Valuation
- Price/Earnings(TTM)32.80
- Price/Cash Flow12.80
- Price/Sales (TTM)1.50
- Price/Book5.51
Financial Strength
- Quick Ratio (MRQ)0.90
- Current Ratio (MRQ)1.40
- LT Debt to Equity (MRQ)2.20
- Total Debt to Capital (MRQ)3.17
- Return on Equity17.20
Assets
- Asset Turnover0.60
- Asset per Employee.2M
- Inventory Turnover3.00
Per Share Data
- Earnings (TTM)2.45
- Current P/E Ratio1.40
- Cash Flow6.27
- Annual Dividend1.76
- Book Value14.57
- EBITDA9.20
Profitability
- Market Cap2.45
- Gross Margin (TTM)35.00
- Operating Margin (TTM)9.20
- Profit Margin (TTM) 4.70
Management Effectiveness
- Return on Equity (TTM)17.20%
- Return on Assets (TTM)2.70%
- Return on Investment (TTM)5.40%
