CNH Industrial NV (CNHI) Set to Announce Earnings on Tuesday
CNH Industrial NV (NASDAQ:CNHI) is set to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect CNH Industrial NV to post earnings of $0.07 per share for the quarter. CNH Industrial NV has set its FY17 guidance at $0.41 EPS.
CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The firm had revenue of $6.95 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect CNH Industrial NV to post $0.46 EPS for the current fiscal year and $0.57 EPS for the next fiscal year.
CNH Industrial NV (NASDAQ:CNHI) traded up 3.01% during mid-day trading on Tuesday, reaching $12.34. 1,352,725 shares of the company’s stock traded hands. CNH Industrial NV has a 12 month low of $7.09 and a 12 month high of $12.38. The firm’s 50-day moving average price is $11.84 and its 200 day moving average price is $11.35. The stock has a market capitalization of $16.83 billion and a PE ratio of 39.81.
Several research analysts recently commented on CNHI shares. BidaskClub raised CNH Industrial NV from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Deutsche Bank AG reiterated a “hold” rating and set a $10.00 price objective on shares of CNH Industrial NV in a research note on Tuesday, July 4th. Stifel Nicolaus reiterated a “hold” rating and set a $12.00 price objective on shares of CNH Industrial NV in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.31.
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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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