The Peoria, Illinois-based Caterpillar Inc (NYSE:CAT) estimate sales growth for 2013 that would be slower than in the prior 3 years as the worldwide economy slows down.
Caterpillar, the world’s largest manufacturer of construction and mining equipment, reported in a statement on Monday that sales next year will be from 5% lower than to 5% over 2012 results. That evaluated against a median forecasts for a boost of 5.1% based on 17 analysts’ forecasts gathered by Bloomberg.
The mining equipment maker reported that revenue year-over-year moved up 31% in 2010, 41% in 2011, and was forecasted to surge 13% current year.
Caterpillar declared that the order backlog moved down 18% to $23.1 billion at the finish of the Q3 from quarter prior with the most significant drop in the resource-industries unit.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Deere & Company (NYSE:DE) rose +1.06% to settle at $85.89, Joy Global Inc. (NYSE:JOY) moved up +1.16% to end at $62.93 while CNH Global NV (ADR) (NYSE:CNH) jumped +1.11% to finish at $43.66 on Monday.
Caterpillar Inc. (NYSE:CAT) last session’s volume of 17.16 million shares was surprisingly higher than its average volume of 7.60 million shares. The stock after opening at $82.94 hit high price of $86.04 and then closed at $85.08 by scoring +1.45%.
The liquidity measure in recent quarter results of the company was recorded 1.42 as current ratio and on the other side the debt to equity ratio was 2.47 and long-term debt to equity ratio remained at 1.71. The Company had total cash of $1.65 billion at hand and a book value per share as $24.38 in the most recent quarter.
The stock’s price volatility was 2.59 % for a week and 2.05% for a month as well as price volatility’s Average True Range for 14 days was 2.05 and its beta remained at 1.85.
CAT generated revenue of $66.31 billion in the previous twelve months and earned $5.97 billion. The Company showed a positive 9.10% in the net profit margin as well as in its operating margin which remained at 13.06%. Company’s annual sales growth for the past five years was 7.69%.
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