CNH Industrial NV (CNHI) Expected to Announce Earnings of $0.07 Per Share
Analysts predict that CNH Industrial NV (NASDAQ:CNHI) will report $0.07 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for CNH Industrial NV’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.08. CNH Industrial NV reported earnings of $0.05 per share in the same quarter last year, which suggests a positive year over year growth rate of 40%. The firm is expected to issue its next quarterly earnings report on Monday, October 30th.
According to Zacks, analysts expect that CNH Industrial NV will report full-year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.41 to $0.50. For the next fiscal year, analysts expect that the firm will report earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for CNH Industrial NV.
CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. The business had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis.
Several research analysts have recently issued reports on the stock. J P Morgan Chase & Co raised shares of CNH Industrial NV from an “underweight” rating to a “neutral” rating and raised their target price for the company from $8.00 to $10.00 in a research note on Monday, May 1st. Zacks Investment Research lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. Barclays PLC reaffirmed a “sell” rating and issued a $9.00 target price (up previously from $8.00) on shares of CNH Industrial NV in a research note on Wednesday, April 19th. Finally, TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.26.
Several hedge funds and other institutional investors have recently modified their holdings of CNHI. Ameriprise Financial Inc. raised 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 during the period. Quadrant Capital Group LLC increased its stake in shares of CNH Industrial NV by 4.3% in the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after buying an additional 415 shares in the last quarter. Stifel Financial Corp increased its stake in shares of CNH Industrial NV by 0.9% in the second quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock worth $933,000 after buying an additional 741 shares in the last quarter. Comerica Bank increased its stake 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 worth $820,000 after buying an additional 986 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in shares of CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock worth $260,000 after buying an additional 1,176 shares in the last quarter.
CNH Industrial NV (NASDAQ CNHI) traded down 1.31% during mid-day trading on Thursday, hitting $11.28. 1,094,278 shares of the company were exchanged. The company has a 50 day moving average of $11.64 and a 200 day moving average of $10.60. CNH Industrial NV has a 12-month low of $6.93 and a 12-month high of $12.13. The stock has a market cap of $15.39 billion and a P/E ratio of 36.39.
CNH Industrial NV declared that its Board of Directors has initiated a stock repurchase plan on Monday, June 5th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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