$6.73 Billion in Sales Expected for CNH Industrial NV (CNHI) This Quarter
Equities analysts expect CNH Industrial NV (NASDAQ:CNHI) to report sales of $6.73 billion for the current quarter, Zacks reports. Five analysts have made estimates for CNH Industrial NV’s earnings, with the highest sales estimate coming in at $7.07 billion and the lowest estimate coming in at $6.45 billion. CNH Industrial NV posted sales of $6.75 billion in the same quarter last year, which suggests a negative year over year growth rate of 0.3%. The company is expected to issue its next earnings report before the market opens on Wednesday, July 26th.
On average, analysts expect that CNH Industrial NV will report full-year sales of $6.73 billion for the current year, with estimates ranging from $23.97 billion to $26.21 billion. For the next financial year, analysts anticipate that the business will post sales of $25.66 billion per share, with estimates ranging from $24.62 billion to $26.97 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for CNH Industrial NV.
CNH Industrial NV (NASDAQ:CNHI) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.43 billion. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis.
Several equities analysts have commented on the stock. Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Zacks Investment Research downgraded shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank AG reiterated a “hold” rating and issued a $10.00 price objective on shares of CNH Industrial NV in a report on Tuesday. J P Morgan Chase & Co raised shares of CNH Industrial NV from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $8.00 to $10.00 in a research report on Monday, May 1st. Finally, Stifel Nicolaus initiated coverage on shares of CNH Industrial NV in a research report on Tuesday, April 11th. They issued a “hold” rating and a $10.50 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.71.
Shares of CNH Industrial NV (NASDAQ CNHI) opened at 11.62 on Friday. The company has a market capitalization of $15.84 billion and a P/E ratio of 51.64. The firm has a 50-day moving average of $11.22 and a 200-day moving average of $9.94. CNH Industrial NV has a one year low of $6.26 and a one year high of $11.79.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in CNH Industrial NV during the fourth quarter worth approximately $82,296,000. TIAA CREF Investment Management LLC increased its position in CNH Industrial NV by 316.0% in the first quarter. TIAA CREF Investment Management LLC now owns 3,946,143 shares of the company’s stock valued at $38,041,000 after buying an additional 2,997,566 shares in the last quarter. Renaissance Technologies LLC increased its position in CNH Industrial NV by 1,788.2% in the first quarter. Renaissance Technologies LLC now owns 2,622,720 shares of the company’s stock valued at $25,315,000 after buying an additional 2,483,820 shares in the last quarter. FIL Ltd purchased a new position in CNH Industrial NV during the first quarter valued at about $18,548,000. Finally, JPMorgan Chase & Co. increased its position in CNH Industrial NV by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 3,134,658 shares of the company’s stock valued at $30,220,000 after buying an additional 1,757,598 shares in the last quarter.
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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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