Zacks: Brokerages Anticipate CNH Industrial NV (CNHI) Will Post Earnings of $0.08 Per Share

Equities analysts expect CNH Industrial NV (NYSE:CNHI) to report earnings of $0.08 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for CNH Industrial’s earnings, with estimates ranging from $0.06 to $0.09. CNH Industrial posted earnings of $0.04 per share during the same quarter last year, which would indicate a positive year over year growth rate of 100%. The business is scheduled to report its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that CNH Industrial will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.65 to $0.71. For the next year, analysts anticipate that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.81 to $0.87. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CNH Industrial.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates 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 in the prior year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis.

A number of research analysts recently weighed in on the company. TheStreet downgraded CNH Industrial from a “c” rating to a “d+” rating in a research note on Monday. Zacks Investment Research downgraded CNH Industrial from a “hold” rating to a “sell” rating in a research note on Monday. Bank of America upped their price target on CNH Industrial from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Deutsche Bank raised CNH Industrial from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.81 to $16.00 in a research note on Thursday, January 4th. Finally, ValuEngine downgraded CNH Industrial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.69.

CNH Industrial (NYSE CNHI) opened at $13.95 on Thursday. CNH Industrial has a 52 week low of $9.15 and a 52 week high of $15.65. The company has a debt-to-equity ratio of 5.89, a quick ratio of 4.18 and a current ratio of 5.42. The firm has a market capitalization of $18,832.38, a P/E ratio of 63.41 and a beta of 0.92.

CNH Industrial announced that its Board of Directors has approved a share repurchase program on Tuesday, January 30th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. bought a new stake in CNH Industrial during the 4th quarter worth approximately $122,000. Jane Street Group LLC bought a new stake in CNH Industrial during the 4th quarter worth approximately $4,066,000. LPL Financial LLC increased its holdings in CNH Industrial by 34.2% during the 4th quarter. LPL Financial LLC now owns 23,217 shares of the company’s stock worth $311,000 after purchasing an additional 5,917 shares in the last quarter. Millennium Management LLC increased its holdings in CNH Industrial by 100.8% during the 4th quarter. Millennium Management LLC now owns 1,213,840 shares of the company’s stock worth $16,265,000 after purchasing an additional 609,217 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in CNH Industrial by 53.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 9,196,954 shares of the company’s stock worth $123,239,000 after purchasing an additional 3,210,306 shares in the last quarter. 17.41% of the stock is owned by hedge funds and other institutional investors.

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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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