CNH Industrial (NYSE:CNHI) Issues FY24 Earnings Guidance

CNH Industrial (NYSE:CNHI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.45-$1.55 for the period, compared to the consensus estimate of $1.55.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CNHI shares. StockNews.com cut CNH Industrial from a hold rating to a sell rating in a research report on Thursday, April 11th. Bank of America reiterated a neutral rating on shares of CNH Industrial in a research note on Monday, April 22nd. Oppenheimer reissued a market perform rating on shares of CNH Industrial in a report on Tuesday, April 16th. Robert W. Baird upped their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the company an outperform rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group upgraded shares of CNH Industrial from a neutral rating to a buy rating and set a $19.00 price target on the stock in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $15.27.

CNH Industrial Stock Performance

Shares of CNHI traded down $0.20 during mid-day trading on Friday, hitting $11.48. 9,092,978 shares of the company’s stock were exchanged, compared to its average volume of 11,575,719. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a fifty-two week low of $9.77 and a fifty-two week high of $15.74. The business’s 50 day moving average is $12.26 and its two-hundred day moving average is $11.72. The firm has a market capitalization of $14.42 billion, a P/E ratio of 6.71 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.46 billion. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. On average, equities analysts expect that CNH Industrial will post 1.53 earnings per share for the current year.

CNH Industrial Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be paid a $0.47 dividend. This is a boost from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.