Equities research analysts expect CNH Industrial NV (NYSE:CNHI) to report sales of $8.20 billion for the current quarter, Zacks reports. Three analysts have issued estimates for CNH Industrial’s earnings, with estimates ranging from $8.04 billion to $8.29 billion. CNH Industrial also posted sales of $8.20 billion during the same quarter last year. The company is scheduled to issue its next earnings report on Thursday, February 6th.
On average, analysts expect that CNH Industrial will report full year sales of $28.55 billion for the current fiscal year, with estimates ranging from $28.42 billion to $28.67 billion. For the next year, analysts forecast that the company will post sales of $28.48 billion, with estimates ranging from $27.85 billion to $29.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow CNH Industrial.
CNH Industrial (NYSE:CNHI) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 5.46% and a return on equity of 21.02%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS.
Several research analysts have recently issued reports on the company. ValuEngine cut CNH Industrial from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Deutsche Bank upped their price objective on CNH Industrial from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. CNH Industrial currently has an average rating of “Hold” and a consensus target price of $12.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its stake in CNH Industrial by 198.7% in the 3rd quarter. Signaturefd LLC now owns 4,092 shares of the company’s stock valued at $42,000 after purchasing an additional 2,722 shares in the last quarter. Compagnie Lombard Odier SCmA grew its position in CNH Industrial by 98.7% in the second quarter. Compagnie Lombard Odier SCmA now owns 5,962 shares of the company’s stock valued at $61,000 after purchasing an additional 2,962 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of CNH Industrial in the 3rd quarter valued at about $101,000. Jefferies Group LLC bought a new position in shares of CNH Industrial in the 2nd quarter valued at about $118,000. Finally, US Bancorp DE grew its position in shares of CNH Industrial by 37.5% in the 2nd quarter. US Bancorp DE now owns 15,706 shares of the company’s stock valued at $161,000 after acquiring an additional 4,285 shares during the period. 21.48% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CNHI opened at $11.07 on Friday. The business’s 50 day moving average price is $10.89 and its 200-day moving average price is $10.51. The firm has a market capitalization of $14.99 billion, a PE ratio of 9.54 and a beta of 1.36. The company has a debt-to-equity ratio of 3.90, a current ratio of 6.03 and a quick ratio of 4.46. CNH Industrial has a 1 year low of $8.53 and a 1 year high of $11.99.
About CNH Industrial
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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