Equities analysts predict that CNH Industrial NV (NYSE:CNHI) will post earnings per share of $0.09 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for CNH Industrial’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.12. CNH Industrial reported earnings per share of $0.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, May 6th.
According to Zacks, analysts expect that CNH Industrial will report full-year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.82. For the next fiscal year, analysts forecast that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.50 to $0.97. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow CNH Industrial.
CNH Industrial (NYSE:CNHI) last posted its earnings results on Friday, February 7th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. CNH Industrial had a return on equity of 19.87% and a net margin of 5.06%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year.
CNHI has been the subject of several research analyst reports. Deutsche Bank upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Monday, February 10th. Kepler Capital Markets downgraded shares of CNH Industrial from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research note on Thursday. TheStreet downgraded shares of CNH Industrial from a “b” rating to a “c” rating in a research note on Monday, February 3rd. Finally, ValuEngine upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.80.
Large investors have recently modified their holdings of the stock. CSat Investment Advisory L.P. acquired a new stake in CNH Industrial in the 4th quarter valued at about $61,000. Advisor Group Inc. increased its holdings in shares of CNH Industrial by 333.5% during the fourth quarter. Advisor Group Inc. now owns 9,666 shares of the company’s stock worth $106,000 after purchasing an additional 7,436 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of CNH Industrial by 33.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,564 shares of the company’s stock worth $109,000 after purchasing an additional 2,639 shares during the period. Natixis Advisors L.P. bought a new position in shares of CNH Industrial during the fourth quarter worth approximately $204,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of CNH Industrial during the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 20.75% of the company’s stock.
Shares of CNH Industrial stock opened at $5.96 on Tuesday. CNH Industrial has a 12 month low of $5.06 and a 12 month high of $11.99. The company has a quick ratio of 4.55, a current ratio of 5.81 and a debt-to-equity ratio of 4.06. The stock has a market cap of $7.56 billion, a PE ratio of 5.68 and a beta of 1.24. The business has a fifty day simple moving average of $8.37 and a 200-day simple moving average of $10.15.
About CNH Industrial
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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