CNH Industrial NV (NASDAQ:CNHI) announced its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03, Bloomberg Earnings reports. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $5.03 billion. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. CNH Industrial NV’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. CNH Industrial NV updated its FY17 guidance to $0.44-0.46 EPS.
CNHI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, July 5th. Seaport Global Securities upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $11.50 price target on shares of CNH Industrial NV in a research note on Friday, July 14th. BidaskClub lowered shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG restated a “hold” rating and set a $12.81 price target (up previously from $10.87) on shares of CNH Industrial NV in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. CNH Industrial NV presently has an average rating of “Hold” and an average price target of $11.31.
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About CNH Industrial NV
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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