Seaport Global Securities Comments on CNH Industrial NV’s Q3 2018 Earnings (CNHI)

CNH Industrial NV (NYSE:CNHI) – Equities researchers at Seaport Global Securities boosted their Q3 2018 EPS estimates for shares of CNH Industrial in a note issued to investors on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings of $0.14 per share for the quarter, up from their previous estimate of $0.13. Seaport Global Securities currently has a “Buy” rating and a $16.00 price target on the stock. Seaport Global Securities also issued estimates for CNH Industrial’s FY2018 earnings at $0.62 EPS and FY2019 earnings at $0.78 EPS.

Several other research firms have also recently issued reports on CNHI. Zacks Investment Research cut CNH Industrial from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Deutsche Bank raised shares of CNH Industrial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.81 to $16.00 in a research note on Thursday, January 4th. UBS Group assumed coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set a “buy” rating and a $17.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating and issued a $13.40 target price (up previously from $12.00) on shares of CNH Industrial in a research note on Monday, November 13th. Finally, ValuEngine cut shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $14.69.

Shares of CNH Industrial (CNHI) traded up $0.19 during mid-day trading on Friday, reaching $13.55. The company’s stock had a trading volume of 2,777,296 shares, compared to its average volume of 2,270,000. CNH Industrial has a 12 month low of $9.15 and a 12 month high of $15.65. The firm has a market capitalization of $18,310.00, a P/E ratio of 61.59 and a beta of 0.64. The company has a debt-to-equity ratio of 5.89, a quick ratio of 4.18 and a current ratio of 5.42.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $7.38 billion. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share.

CNH Industrial announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 30th that permits the company to repurchase $700.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC raised its holdings in CNH Industrial by 0.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 31,850,459 shares of the company’s stock worth $382,524,000 after buying an additional 101,920 shares during the last quarter. Vanguard Group Inc. grew its position in CNH Industrial by 9.8% during the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock valued at $275,133,000 after buying an additional 2,164,105 shares during the period. AXA grew its position in CNH Industrial by 0.5% during the third quarter. AXA now owns 15,801,602 shares of the company’s stock valued at $189,777,000 after buying an additional 83,060 shares during the period. Gamco Investors INC. ET AL boosted its position in CNH Industrial by 5.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 10,694,912 shares of the company’s stock worth $143,312,000 after purchasing an additional 596,525 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in CNH Industrial by 37.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,430,596 shares of the company’s stock worth $86,153,000 after purchasing an additional 1,751,440 shares during the period. Hedge funds and other institutional investors own 18.09% of the company’s stock.

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CNH Industrial Company Profile

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

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