CNH Industrial NV (CNHI) Expected to Announce Quarterly Sales of $6.73 Billion
Equities analysts forecast that CNH Industrial NV (NASDAQ:CNHI) will announce $6.73 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for CNH Industrial NV’s earnings, with the lowest sales estimate coming in at $6.45 billion and the highest estimate coming in at $7.07 billion. CNH Industrial NV posted sales of $6.75 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.3%. The business is expected to report its next earnings report on Tuesday, July 25th.
On average, analysts expect that CNH Industrial NV will report full year sales of $6.73 billion for the current financial year, with estimates ranging from $23.97 billion to $26.21 billion. For the next year, analysts forecast that the business will post sales of $25.66 billion per share, with estimates ranging from $24.62 billion to $26.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover CNH Industrial NV.
CNH Industrial NV (NASDAQ:CNHI) last posted its earnings results on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.43 billion. CNH Industrial NV’s revenue for the quarter was up 5.8% on a year-over-year basis.
A number of research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of CNH Industrial NV from an “underweight” rating to a “neutral” rating and increased their price target for the company from $8.00 to $10.00 in a research report on Monday, May 1st. Stifel Nicolaus assumed coverage on shares of CNH Industrial NV in a research report on Tuesday, April 11th. They set a “hold” rating and a $10.50 price target on the stock. Barclays PLC reiterated a “sell” rating and set a $9.00 price target (up from $8.00) on shares of CNH Industrial NV in a research report on Wednesday, April 19th. Deutsche Bank AG upgraded shares of CNH Industrial NV from a “sell” rating to a “hold” rating and set a $10.01 price target on the stock in a research report on Wednesday, February 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of CNH Industrial NV by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after buying an additional 199 shares in the last quarter. Edmond DE Rothschild Italia SGR SPA boosted its position in shares of CNH Industrial NV by 0.4% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 74,552 shares of the company’s stock valued at $530,000 after buying an additional 266 shares in the last quarter. Comerica Bank boosted its position in shares of CNH Industrial NV by 1.3% in the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock valued at $820,000 after buying an additional 986 shares in the last quarter. US Bancorp DE boosted its position in shares of CNH Industrial NV by 8.9% in the third quarter. US Bancorp DE now owns 14,487 shares of the company’s stock valued at $104,000 after buying an additional 1,187 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of CNH Industrial NV by 6.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 20,040 shares of the company’s stock valued at $174,000 after buying an additional 1,199 shares in the last quarter.
CNH Industrial NV (NASDAQ:CNHI) traded up 5.47% during midday trading on Thursday, reaching $11.18. 2,373,195 shares of the company’s stock were exchanged. CNH Industrial NV has a 12 month low of $6.26 and a 12 month high of $11.30. The stock has a market cap of $15.24 billion and a PE ratio of 49.69. The firm has a 50 day moving average of $10.40 and a 200-day moving average of $9.30.
The company also recently announced an annual dividend, which was paid on Tuesday, May 2nd. Stockholders of record on Wednesday, April 26th were issued a $0.1155 dividend. The ex-dividend date of this dividend was Monday, April 24th.
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CNH Industrial NV Company Profile
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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