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Caterpillar Inc (CAT)

CAT on New York Consolidated

94.58USD
20 Jan 2017
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$1.20 (+1.29%)
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Latest Key Developments (Source: Significant Developments)

Caterpillar says world dealer rolling 3 month retail sales statistics of machines for period ended Nov 2016 down 17 percent
Tuesday, 20 Dec 2016 09:36am EST 

Caterpillar Inc : World dealer rolling 3 month retail sales statistics of machines for period ended Nov 2016 down 17 percent . North America dealer reported retail sales statistics of machines for 3-month rolling period ended November 2016 down 19 percent .Asia/Pacific dealer reported retail sales statistics of machines for 3-month rolling period ended November 2016 up 11 percent.  Full Article

Moody's downgrades Caterpillar ratings to A3/Prime-2
Tuesday, 13 Dec 2016 03:15pm EST 

Moody's Investors Service : Moody's downgrades Caterpillar ratings to A3/Prime-2; outlook is stable. .Do not anticipate any meaningful recovery in cat's markets until 2018.  Full Article

Fitch revises Caterpillar's rating outlook to negative affirms IDR at 'A'
Thursday, 8 Dec 2016 03:38pm EST 

Fitch Ratings: Fitch revises Caterpillar's rating outlook to negative; affirms IDR at 'A' . Revision to negative reflects impact of extended downturn in CAT's machinery markets .Expects credit metrics may not improve until after 2017, a year later than originally expected.  Full Article

Caterpillar calls market estimate for its 2017 profit "too optimistic"
Thursday, 1 Dec 2016 11:42am EST 

Caterpillar Inc : Caterpillar - "encouraged by potential of U.S. infrastructure bill, tax reform, smart regulation, commodity prices and the recent OPEC announcement" . On track for over $2 billion of period and variable cost reduction for the FY 2016 . FY 2017 Thomson First Call consensus estimates of EPS of $3.25 on $38 billion sales is "too optimistic considering expected headwinds" . Thomson First Call consensus estimate of $38 billion in FY 2017 sales and revenue is "reasonable midpoint expectation" . FY2017 earnings per share view $3.25, revenue view $38.13 billion -- Thomson Reuters I/B/E/S . Oil prices remain "volatile and not high enough to drive substantial investment" in 2017 . 2017 outlook for construction in China "generally positive" but dependent on continued government support for growth . Economic growth in Europe, and impact of Brexit on growth is a concern .Potential infrastructure bill in U.S. a positive, but little impact expected in 2017.  Full Article

Caterpillar and Trimble to expand mining technology collaboration
Friday, 4 Nov 2016 06:30am EDT 

Caterpillar Inc: Caterpillar and Trimble to expand mining technology collaboration . Caterpillar Inc - companies have signed an agreement that outlines areas for increased engagement to begin in early 2017 .Caterpillar - expanded collaboration in mining to include product integration, development, marketing, distribution, support of Trimble connected mine solutions.  Full Article

Caterpillar reports Q3 earnings per share $0.48
Tuesday, 25 Oct 2016 07:45am EDT 

Caterpillar Inc : Caterpillar reports third-quarter 2016 results . Q3 earnings per share $0.85 excluding items . Q3 earnings per share $0.48 . Q3 sales $9.2 billion versus I/B/E/S view $9.87 billion . Q3 earnings per share view $0.76 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $3.25 excluding items . Sees FY 2016 earnings per share $2.35 . "Most commodity prices, while low, seem to have stabilized" . Expect dealers will make substantial inventory reductions during Q4, resulting in lower year-end inventories in 2016, versus 2015 . "Economic weakness throughout much of world persists and, as a result, most of our end markets remain challenged." . Sees 2016 restructuring costs about $800 million . FY outlook for 2016 sales, revenues is about $39 billion, profit is $2.35/share, or $3.25/share excluding restructuring costs . Caterpillar worldwide, full-time employment was about 97,100 at end of q3 2016, compared with about 108,900 at q3 2015 end . Preliminary outlook for 2017 is that sales and revenues will not be significantly different than 2016 . "Remain cautious as we look ahead to 2017" . Changes in dealer inventories had a negative impact on sales in both Q3 of 2016 and Q3 of 2015 . Preliminary outlook for 2017 is based on expectation that world economic growth will remain subdued at close to 2.5 percent . Dealer machine and engine inventories decreased about $700 million in Q3 of 2016 and about $600 million in Q3 of 2015.  Full Article

Cat Financial's 3rd-qtr profit falls 11 pct
Tuesday, 25 Oct 2016 07:31am EDT 

Cat Financial: Third-quarter 2016 revenues of $651 million, a decrease of $2 million, compared with the third quarter of 2015 .Third-quarter 2016 profit was $97 million, a $12 million, or 11 percent decrease from Q3 of 2015.  Full Article

Caterpillar maintains quarterly cash dividend of $0.77 per share
Wednesday, 12 Oct 2016 10:16am EDT 

Caterpillar Inc : Caterpillar Inc. maintains dividend rate .Caterpillar Inc says to maintain quarterly cash dividend of $0.77 per share of common stock.  Full Article

Caterpillar Financial Services files offering of up to $1.25 bln of variable denomination floating rate demand notes - SEC filing
Friday, 7 Oct 2016 12:57pm EDT 

Caterpillar Financial Services Corp :Files shelf offering of up to $1.25 billion of variable denomination floating rate demand notes - sec filing.  Full Article

Wacker Neuson and Caterpillar to end strategic alliance in 2018
Thursday, 25 Aug 2016 03:30am EDT 

Wacker Neuson SE : Wacker Neuson and Caterpillar to end strategic alliance for mini hydraulic excavators under three tons operating weight in 2018 . Will continue to manufacture selected mini excavator models until end of 2019 as part of an ongoing OEM supply relationship . At present, it is hard to predict how machines sales to Caterpillar for remainder of alliance through May 2018 will develop . First full-year effect on Wacker Neuson group revenue will be seen in 2019 .Shares down 4.94 percent.  Full Article

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