CNH Industrial (CNHI) to Release Earnings on Thursday

CNH Industrial (NYSE:CNHI) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect CNH Industrial to post earnings of $0.26 per share for the quarter. CNH Industrial has set its FY24 guidance at $1.50-1.60 EPS and its FY 2024 guidance at 1.500-1.600 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, analysts expect CNH Industrial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CNH Industrial Stock Down 1.8 %

NYSE CNHI opened at $11.52 on Tuesday. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74. The stock has a market capitalization of $14.47 billion, a PE ratio of 6.71 and a beta of 1.65. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. The business’s 50-day moving average is $12.30 and its 200 day moving average is $11.73.

CNH Industrial Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be given a $0.47 dividend. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date is Friday, May 10th.

Analysts Set New Price Targets

A number of brokerages recently commented on CNHI. Robert W. Baird raised their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. The Goldman Sachs Group raised shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, January 17th. Morgan Stanley assumed coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an “equal weight” rating and a $12.70 price target for the company. DA Davidson initiated coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 price objective for the company. Finally, Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.20.

CNH Industrial Company Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.