$0.16 EPS Expected for CNH Industrial NV (NYSE:CNHI) This Quarter

Equities research analysts expect CNH Industrial NV (NYSE:CNHI) to post earnings of $0.16 per share for the current quarter, Zacks reports. Four analysts have made estimates for CNH Industrial’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.14. CNH Industrial also reported earnings of $0.16 per share in the same quarter last year. The business is expected to announce its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that CNH Industrial will report full-year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.87. For the next financial year, analysts forecast that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.83 to $1.00. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.80 billion. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The company’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share.

CNHI has been the subject of a number of recent analyst reports. TheStreet upgraded shares of CNH Industrial from a “c” rating to a “b” rating in a research report on Wednesday, May 15th. Deutsche Bank upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a research report on Tuesday, June 18th. Zacks Investment Research lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.50.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of CNH Industrial by 1.9% in the second quarter. Vanguard Group Inc. now owns 29,806,425 shares of the company’s stock valued at $306,410,000 after acquiring an additional 552,786 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of CNH Industrial by 25.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 16,786,786 shares of the company’s stock valued at $171,225,000 after acquiring an additional 3,408,301 shares during the period. Bank of Italy raised its stake in shares of CNH Industrial by 19.5% in the second quarter. Bank of Italy now owns 9,049,841 shares of the company’s stock valued at $92,874,000 after acquiring an additional 1,477,931 shares during the period. Allianz Asset Management GmbH raised its stake in shares of CNH Industrial by 5.3% in the second quarter. Allianz Asset Management GmbH now owns 7,625,962 shares of the company’s stock valued at $78,395,000 after acquiring an additional 384,690 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of CNH Industrial by 1.0% in the second quarter. Gabelli Funds LLC now owns 6,385,754 shares of the company’s stock valued at $65,646,000 after acquiring an additional 63,000 shares during the period. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Shares of CNHI traded down $0.39 during mid-day trading on Friday, reaching $8.64. The stock had a trading volume of 49,094 shares, compared to its average volume of 1,636,757. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 10.88 and a beta of 1.35. CNH Industrial has a 12 month low of $8.41 and a 12 month high of $12.68. The business’s fifty day moving average price is $10.11. The company has a debt-to-equity ratio of 4.44, a quick ratio of 4.01 and a current ratio of 5.34.

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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