CNH Industrial NV (CNHI) Expected to Post Earnings of $0.07 Per Share
Equities analysts expect CNH Industrial NV (NASDAQ:CNHI) to report earnings of $0.07 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for CNH Industrial NV’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.06. CNH Industrial NV reported earnings of $0.05 per share in the same quarter last year, which would indicate a positive year over year growth rate of 40%. The company is expected to report its next earnings results on Monday, October 30th.
According to Zacks, analysts expect that CNH Industrial NV will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.50. For the next year, analysts forecast that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover CNH Industrial NV.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a return on equity of 21.59% and a net margin of 3.17%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.
CNHI has been the topic of several analyst reports. Zacks Investment Research lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Seaport Global Securities upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and raised their price target for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. Deutsche Bank AG restated a “hold” rating and issued a $10.00 price target on shares of CNH Industrial NV in a research note on Tuesday, July 4th. BidaskClub lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. CNH Industrial NV presently has an average rating of “Hold” and a consensus target price of $11.26.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded up 1.288% during midday trading on Tuesday, reaching $11.405. The company’s stock had a trading volume of 319,415 shares. The stock has a 50 day moving average of $11.41 and a 200-day moving average of $10.79. CNH Industrial NV has a 1-year low of $6.93 and a 1-year high of $12.13. The company has a market capitalization of $15.56 billion and a P/E ratio of 36.790.
CNH Industrial NV declared that its board has approved a share buyback plan on Monday, June 5th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds and other institutional investors have recently bought and sold shares of CNHI. Wetherby Asset Management Inc. increased its stake in shares of CNH Industrial NV by 8.1% during the first quarter. Wetherby Asset Management Inc. now owns 21,666 shares of the company’s stock valued at $209,000 after acquiring an additional 1,626 shares during the period. First Trust Advisors LP increased its stake in shares of CNH Industrial NV by 8.4% during the first quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after acquiring an additional 1,329 shares during the period. Advisors Asset Management Inc. increased its stake in shares of CNH Industrial NV by 140.6% during the first quarter. Advisors Asset Management Inc. now owns 20,838 shares of the company’s stock valued at $201,000 after acquiring an additional 12,177 shares during the period. Princeton Alpha Management LP acquired a new position in shares of CNH Industrial NV during the first quarter valued at approximately $316,000. Finally, Comerica Bank increased its stake in shares of CNH Industrial NV by 1.3% during the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock valued at $820,000 after acquiring an additional 986 shares during the period.
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About CNH Industrial NV
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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