Brokerages expect CNH Industrial (NYSE:CNHI) to report $7.50 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for CNH Industrial’s earnings, with the lowest sales estimate coming in at $7.34 billion and the highest estimate coming in at $7.64 billion. CNH Industrial reported sales of $6.95 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The business is expected to report its next earnings report on Wednesday, July 25th.
On average, analysts expect that CNH Industrial will report full-year sales of $29.62 billion for the current year, with estimates ranging from $28.43 billion to $30.18 billion. For the next fiscal year, analysts forecast that the firm will report sales of $31.26 billion per share, with estimates ranging from $30.48 billion to $32.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for CNH Industrial.
CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Friday, April 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.40 billion. CNH Industrial had a return on equity of 18.25% and a net margin of 1.56%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS.
A number of brokerages have issued reports on CNHI. Bank of America increased their price target on CNH Industrial from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. ValuEngine lowered CNH Industrial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Berenberg Bank began coverage on CNH Industrial in a research note on Wednesday, January 17th. They set a “hold” rating and a $13.50 price target for the company. OTR Global lowered CNH Industrial to a “positive” rating in a research note on Wednesday, April 11th. Finally, TheStreet lowered CNH Industrial from a “c” rating to a “d+” rating in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CNH Industrial presently has a consensus rating of “Buy” and an average price target of $14.95.
NYSE CNHI traded down $0.17 on Friday, reaching $12.16. 182,230 shares of the stock traded hands, compared to its average volume of 1,967,514. The company has a debt-to-equity ratio of 6.02, a quick ratio of 3.88 and a current ratio of 5.05. The firm has a market cap of $16.97 billion, a P/E ratio of 25.22 and a beta of 1.02. CNH Industrial has a 12 month low of $12.03 and a 12 month high of $12.27.
CNH Industrial announced that its board has authorized a stock repurchase program on Tuesday, January 30th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board boosted its stake in shares of CNH Industrial by 39.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 101,632 shares of the company’s stock worth $1,363,000 after acquiring an additional 28,622 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of CNH Industrial during the 4th quarter worth $229,000. Crossmark Global Holdings Inc. bought a new stake in shares of CNH Industrial during the 4th quarter worth $818,000. Segantii Capital Management Ltd boosted its stake in shares of CNH Industrial by 481.1% during the 4th quarter. Segantii Capital Management Ltd now owns 36,120 shares of the company’s stock worth $483,000 after acquiring an additional 29,904 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of CNH Industrial by 7.0% during the 4th quarter. Schroder Investment Management Group now owns 1,372,613 shares of the company’s stock worth $15,332,000 after acquiring an additional 89,553 shares in the last quarter. 21.29% of the stock is owned by institutional investors and hedge funds.
CNH Industrial Company Profile
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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