Q1 2018 Earnings Forecast for CNH Industrial NV Issued By Seaport Global Securities (CNHI)

CNH Industrial NV (NYSE:CNHI) – Seaport Global Securities cut their Q1 2018 earnings per share estimates for shares of CNH Industrial in a report issued on Tuesday. Seaport Global Securities analyst M. Shlisky now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.07. Seaport Global Securities has a “Buy” rating and a $16.00 price objective on the stock.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the business posted $0.14 EPS. The business’s revenue was up 15.8% compared to the same quarter last year.

A number of other brokerages also recently issued reports on CNHI. Zacks Investment Research downgraded CNH Industrial from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Deutsche Bank upgraded CNH Industrial from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.81 to $16.00 in a report on Thursday, January 4th. BidaskClub upgraded CNH Industrial from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 5th. UBS Group initiated coverage on CNH Industrial in a report on Monday, January 8th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $13.40 price target (up from $12.00) on shares of CNH Industrial in a report on Monday, November 13th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.69.

CNH Industrial (NYSE CNHI) opened at $15.18 on Friday. CNH Industrial has a fifty-two week low of $9.15 and a fifty-two week high of $15.65. The stock has a market capitalization of $20,046.05 and a price-to-earnings ratio of 30.63. The company has a debt-to-equity ratio of 5.89, a current ratio of 5.42 and a quick ratio of 4.18.

Hedge funds have recently made changes to their positions in the stock. Prudential PLC grew its stake in CNH Industrial by 7.8% during the 2nd quarter. Prudential PLC now owns 404,825 shares of the company’s stock worth $4,607,000 after buying an additional 29,247 shares during the last quarter. Citadel Advisors LLC purchased a new position in CNH Industrial during the 2nd quarter worth $929,000. Nomura Holdings Inc. purchased a new position in CNH Industrial during the 2nd quarter worth $559,000. Royal Bank of Canada grew its stake in CNH Industrial by 58.9% during the 2nd quarter. Royal Bank of Canada now owns 37,906 shares of the company’s stock worth $432,000 after buying an additional 14,055 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in CNH Industrial by 61.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,120,610 shares of the company’s stock worth $25,363,000 after buying an additional 804,286 shares during the last quarter. Hedge funds and other institutional investors own 18.15% of the company’s stock.

CNH Industrial declared that its Board of Directors has authorized a stock buyback program on Tuesday, January 30th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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CNH Industrial 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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