Caterpillar Inc. (NYSE:CAT) posted its earnings results on Thursday. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.05, Marketbeat reports. The business had revenue of $11 billion for the quarter, compared to analyst estimates of $11.47 billion. During the same period last year, the company posted $1.35 EPS. The firm’s revenue for the quarter was down 22.6% compared to the same quarter last year. Caterpillar updated its FY16 guidance to $4.00 EPS.

Caterpillar (NYSE:CAT) traded up 3.12% during trading on Thursday, hitting $60.14. The company had a trading volume of 6,935,419 shares. Caterpillar has a 12-month low of $56.36 and a 12-month high of $89.62. The firm has a 50-day moving average of $64.38 and a 200 day moving average of $71.28. The company has a market capitalization of $35.02 billion and a price-to-earnings ratio of 12.39.

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 20th. Investors of record on Wednesday, January 20th will be given a $0.77 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, January 15th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.28%.

A number of analysts recently issued reports on the stock. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $69.79 target price for the company. in a research report on Wednesday, December 16th. Credit Suisse increased their price objective on shares of Caterpillar from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Zacks Investment Research downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Wednesday, December 23rd. Goldman Sachs downgraded shares of Caterpillar from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $67.00 to $51.00 in a research report on Friday, January 22nd. Finally, Barclays reaffirmed a “hold” rating on shares of Caterpillar in a research report on Wednesday, January 20th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. Caterpillar presently has an average rating of “Hold” and a consensus price target of $69.41.

Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. It operates parts distribution centers at various locations, including Morton, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota, and Dubai, United Arab Emirates, among others. Its subsidiaries include Caterpillar Life Insurance Company, Cat Financial and Caterpillar Product Services Corporation (NYSE:CAT), among others.

12 Month Chart for NYSE:CAT

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