CNH Industrial NV (CNHI) Expected to Post Earnings of $0.29 Per Share

Brokerages expect CNH Industrial NV (NYSE:CNHI) to announce earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for CNH Industrial’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.32. CNH Industrial posted earnings per share of $0.28 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is scheduled to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that CNH Industrial will report full-year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.84 to $0.89. For the next year, analysts forecast that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.91 to $1.01. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.76 billion. CNH Industrial had a net margin of 3.84% and a return on equity of 23.01%. CNH Industrial’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS.

Several brokerages recently commented on CNHI. Zacks Investment Research downgraded shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, OTR Global raised shares of CNH Industrial to a “positive” rating in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.92.

Shares of CNHI stock traded down $0.20 during midday trading on Thursday, hitting $9.19. 1,586,461 shares of the company were exchanged, compared to its average volume of 1,669,305. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 11.49 and a beta of 1.12. The company has a debt-to-equity ratio of 4.42, a quick ratio of 4.03 and a current ratio of 5.33. CNH Industrial has a 52 week low of $8.41 and a 52 week high of $13.02.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in CNH Industrial by 6.0% in the 3rd quarter. BlackRock Inc. now owns 1,561,960 shares of the company’s stock valued at $18,760,000 after purchasing an additional 88,564 shares during the period. Vanguard Group Inc. boosted its holdings in CNH Industrial by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,126,354 shares of the company’s stock valued at $337,798,000 after purchasing an additional 624,528 shares during the period. Quadrant Capital Group LLC bought a new stake in CNH Industrial in the 4th quarter valued at about $73,000. D.A. Davidson & CO. boosted its holdings in CNH Industrial by 19.0% in the 4th quarter. D.A. Davidson & CO. now owns 16,863 shares of the company’s stock valued at $155,000 after purchasing an additional 2,690 shares during the period. Finally, Norges Bank bought a new stake in CNH Industrial in the 4th quarter valued at about $40,707,000. 18.80% 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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