CNH Industrial (NYSE:CNH – Get Free Report) announced its earnings results on Thursday. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01, Zacks reports. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.80 billion. CNH Industrial had a net margin of 2.13% and a return on equity of 7.48%. CNH Industrial’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. CNH Industrial updated its FY 2026 guidance to 0.35-0.45 EPS.
Here are the key takeaways from CNH Industrial’s conference call:
- Q1 results were in line with guidance but weak: consolidated revenues of $3.8 billion (flat YoY), adjusted net income of $21M (EPS $0.01), industrial adjusted EBIT loss of $45M, and an industrial free cash flow outflow of $569M.
- Management reaffirmed 2026 targets: industrial net sales flat to down 4%, industrial EBIT margin of 2.5%–3.5%, industrial free cash flow $150M–$350M, and adjusted EPS $0.35–$0.45.
- Tariff changes materially raise headwinds — Section 232 now applies to total unit/component value, leaving Ag roughly net neutral (~210–220 bps drag) but worsening Construction margin impact to ~600 bps, while Section 301 actions remain an unquantified risk.
- Operational discipline and tech initiatives are progressing: production kept low to target a ~$500 million dealer inventory reduction, AI Tech Assist rolled out to ~70% of dealers, and manufacturing projects delivered ~$45M of savings and quality gains.
- South America (notably Brazil) remains a key risk — tight credit, higher fertilizer and transportation costs, elevated delinquencies and higher Financial Services risk costs drove a 28% sales decline in the region and warrant continued caution into H2/2027.
CNH Industrial Stock Down 2.0%
NYSE:CNH traded down $0.22 during trading hours on Friday, reaching $10.50. The company had a trading volume of 13,586,835 shares, compared to its average volume of 15,144,299. The company has a quick ratio of 11.36, a current ratio of 3.68 and a debt-to-equity ratio of 3.32. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.55 and a beta of 1.18. The business’s 50-day simple moving average is $11.05 and its two-hundred day simple moving average is $10.62. CNH Industrial has a twelve month low of $9.00 and a twelve month high of $14.27.
CNH Industrial Cuts Dividend
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of CNH Industrial by 13.8% in the fourth quarter. Invesco Ltd. now owns 3,233,879 shares of the company’s stock valued at $29,816,000 after buying an additional 391,535 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of CNH Industrial by 25.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 22,306 shares of the company’s stock valued at $206,000 after purchasing an additional 4,588 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of CNH Industrial by 53.9% during the fourth quarter. Corient Private Wealth LLC now owns 64,093 shares of the company’s stock valued at $591,000 after purchasing an additional 22,450 shares in the last quarter. Jacobs Equity LLC bought a new position in shares of CNH Industrial during the fourth quarter valued at about $99,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of CNH Industrial by 205.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 197,754 shares of the company’s stock valued at $1,823,000 after purchasing an additional 133,080 shares in the last quarter. 59.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently commented on CNH shares. Robert W. Baird lifted their target price on shares of CNH Industrial from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Barclays lifted their price objective on shares of CNH Industrial from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 1st. Weiss Ratings upgraded shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Finally, UBS Group dropped their target price on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CNH Industrial has a consensus rating of “Hold” and a consensus price target of $13.19.
Check Out Our Latest Report on CNH Industrial
More CNH Industrial News
Here are the key news stories impacting CNH Industrial this week:
- Positive Sentiment: Q1 revenue slightly beat expectations as favorable pricing and currency effects supported top-line performance, showing the company can extract price to offset demand weakness. CNH Q1 Earnings Meet Estimates, Revenues Beat on Favorable Pricing
- Positive Sentiment: Management reaffirmed FY2026 adjusted EPS guidance of $0.35–$0.45 and set a goal to reduce dealer inventory by $500M — a cash- and working-capital positive that could improve margins and free cash flow if execution succeeds. CNH reaffirms 2026 adjusted EPS of $0.35 to $0.45 as it targets $500m dealer inventory reduction
- Neutral Sentiment: Reported EPS of $0.01 matched consensus but is down sharply year-over-year; consolidated revenue was roughly flat (~$3.8B), so the quarter was one of stabilization rather than recovery. CNH Industrial N.V. Reports First Quarter 2026 Results
- Neutral Sentiment: The earnings call and slide deck provide granular color on regional demand, pricing actions, and guidance assumptions — useful for modeling but not a clear catalyst on their own. CNH Industrial N.V. (CNH) Q1 2026 Earnings Call Transcript
- Negative Sentiment: Margins are under pressure: tariffs, higher costs and dealer discounting in some markets compressed profits across Agriculture and Construction, making EPS recovery dependent on cost control and sustained pricing. CNH Industrial’s Q1 earnings drop sharply as farm equipment demand hits historic low
- Negative Sentiment: Labor disruption risk: local reports show CNH arranged police services ahead of possible UAW action, highlighting strike risk that could disrupt production, delay deliveries and pressure near-term results. CNH Industrial contracts for police services in case of UAW strike in Racine County
About CNH Industrial
CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.
The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.
Further Reading
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