$7.50 Billion in Sales Expected for CNH Industrial (CNHI) This Quarter

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Equities research analysts expect CNH Industrial (NYSE:CNHI) to report sales of $7.50 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for CNH Industrial’s earnings. The lowest sales estimate is $7.34 billion and the highest is $7.64 billion. CNH Industrial posted sales of $6.95 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The company is expected to issue its next quarterly earnings report on Wednesday, July 25th.

On average, analysts expect that CNH Industrial will report full-year sales of $29.64 billion for the current year, with estimates ranging from $28.43 billion to $30.29 billion. For the next financial year, analysts anticipate that the firm will post sales of $31.24 billion per share, with estimates ranging from $30.48 billion to $32.02 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Friday, April 27th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. CNH Industrial had a net margin of 1.56% and a return on equity of 18.25%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the previous year, the business posted $0.04 earnings per share. CNH Industrial’s quarterly revenue was up 17.1% on a year-over-year basis.

CNHI has been the topic of several research reports. Bank of America reduced their price target on shares of CNH Industrial from $16.50 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, April 17th. UBS Group boosted their price target on shares of CNH Industrial from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 24th. ValuEngine upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Morgan Stanley initiated coverage on shares of CNH Industrial in a research report on Friday, March 2nd. They issued an “equal weight” rating and a $15.00 price target on the stock. Finally, William Blair restated a “hold” rating on shares of CNH Industrial in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. CNH Industrial presently has an average rating of “Hold” and a consensus target price of $14.95.

CNHI traded up $0.07 during trading hours on Friday, hitting $10.68. The company’s stock had a trading volume of 1,349,798 shares, compared to its average volume of 1,722,580. CNH Industrial has a 12 month low of $10.53 and a 12 month high of $15.65. The stock has a market capitalization of $14.46 billion, a PE ratio of 22.25 and a beta of 1.00. The company has a debt-to-equity ratio of 6.02, a quick ratio of 3.88 and a current ratio of 5.05.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in CNH Industrial during the fourth quarter worth $122,000. CoreCommodity Management LLC purchased a new position in CNH Industrial during the fourth quarter worth $139,000. Virtu Financial LLC purchased a new position in CNH Industrial during the fourth quarter worth $195,000. Wells Fargo & Company MN boosted its stake in CNH Industrial by 34.0% during the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock worth $203,000 after buying an additional 3,845 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in CNH Industrial during the fourth quarter worth $229,000. 19.26% of the stock is owned by institutional investors.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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Earnings History and Estimates for CNH Industrial (NYSE:CNHI)

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