Equities analysts forecast that CNH Industrial N.V. (NYSE:CNHI) will announce sales of $7.15 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for CNH Industrial N.V.’s earnings, with the highest sales estimate coming in at $7.46 billion and the lowest estimate coming in at $6.71 billion. CNH Industrial N.V. reported sales of $7.00 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that CNH Industrial N.V. will report full-year sales of $7.15 billion for the current fiscal year, with estimates ranging from $25.08 billion to $26.72 billion. For the next financial year, analysts expect that the company will post sales of $27.52 billion per share, with estimates ranging from $26.50 billion to $28.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow CNH Industrial N.V..
CNH Industrial N.V. (NYSE:CNHI) last released its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $5.03 billion. CNH Industrial N.V. had a net margin of 1.66% and a return on equity of 14.63%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS.
CNHI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of CNH Industrial N.V. from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, October 10th. Deutsche Bank AG reissued a “buy” rating and set a $13.20 target price (up previously from $12.80) on shares of CNH Industrial N.V. in a research report on Monday, October 9th. BidaskClub downgraded shares of CNH Industrial N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. TheStreet raised shares of CNH Industrial N.V. from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, Evercore ISI raised shares of CNH Industrial N.V. from an “in-line” rating to an “outperform” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. CNH Industrial N.V. has an average rating of “Hold” and an average price target of $11.51.
CNH Industrial N.V. (CNHI) traded up $0.09 during trading hours on Thursday, reaching $13.05. 2,575,700 shares of the company’s stock were exchanged, compared to its average volume of 1,452,559. The firm has a market cap of $17,673.25, a P/E ratio of 27.00 and a beta of 0.86. The company has a debt-to-equity ratio of 5.73, a current ratio of 5.42 and a quick ratio of 4.18. CNH Industrial N.V. has a twelve month low of $8.37 and a twelve month high of $13.37.
Several hedge funds have recently made changes to their positions in CNHI. Ameriprise Financial Inc. grew its position in shares of CNH Industrial N.V. by 1.6% during the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after buying an additional 199 shares during the period. Wellington Management Group LLP grew its position in shares of CNH Industrial N.V. by 18.1% during the 1st quarter. Wellington Management Group LLP now owns 22,819 shares of the company’s stock worth $220,000 after buying an additional 3,501 shares during the period. KCG Holdings Inc. acquired a new stake in shares of CNH Industrial N.V. during the 1st quarter worth approximately $162,000. Aperio Group LLC grew its position in shares of CNH Industrial N.V. by 3.9% during the 2nd quarter. Aperio Group LLC now owns 455,934 shares of the company’s stock worth $5,189,000 after buying an additional 16,974 shares during the period. Finally, US Bancorp DE grew its position in shares of CNH Industrial N.V. by 9.6% during the 2nd quarter. US Bancorp DE now owns 15,949 shares of the company’s stock worth $182,000 after buying an additional 1,395 shares during the period. 18.31% of the stock is owned by institutional investors.
About CNH Industrial N.V.
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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