$6.18 Billion in Sales Expected for CNH Industrial NV (CNHI) This Quarter

Brokerages forecast that CNH Industrial NV (NYSE:CNHI) will announce $6.18 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for CNH Industrial’s earnings. The lowest sales estimate is $5.67 billion and the highest is $6.55 billion. CNH Industrial posted sales of $5.68 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings report before the market opens on Friday, April 27th.

According to Zacks, analysts expect that CNH Industrial will report full-year sales of $6.18 billion for the current financial year, with estimates ranging from $27.64 billion to $29.81 billion. For the next fiscal year, analysts expect that the company will post sales of $30.24 billion per share, with estimates ranging from $28.90 billion to $31.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for CNH Industrial.

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CNH Industrial (NYSE:CNHI) last issued its earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The business had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year.

A number of equities research analysts have issued reports on CNHI shares. Morgan Stanley started coverage on shares of CNH Industrial in a report on Friday, March 2nd. They issued an “equal weight” rating and a $15.00 price target on the stock. Zacks Investment Research cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a report on Monday, February 12th. William Blair reaffirmed a “hold” rating on shares of CNH Industrial in a report on Wednesday, April 4th. Deutsche Bank raised shares of CNH Industrial from a “hold” rating to a “buy” rating and upped their price target for the stock from $12.81 to $16.00 in a report on Thursday, January 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 price target (up previously from $13.40) on shares of CNH Industrial in a report on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.77.

A number of large investors have recently made changes to their positions in CNHI. Macquarie Group Ltd. purchased a new position in CNH Industrial in the fourth quarter worth $122,000. CoreCommodity Management LLC purchased a new position in CNH Industrial in the fourth quarter worth $139,000. Virtu Financial LLC purchased a new position in CNH Industrial in the fourth quarter worth $195,000. Wells Fargo & Company MN grew its position in CNH Industrial by 34.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock worth $203,000 after acquiring an additional 3,845 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in CNH Industrial in the fourth quarter worth $229,000. Institutional investors own 21.26% of the company’s stock.

Shares of CNHI stock opened at $11.64 on Monday. The company has a current ratio of 5.42, a quick ratio of 4.38 and a debt-to-equity ratio of 5.89. CNH Industrial has a 1 year low of $9.70 and a 1 year high of $15.65. The firm has a market cap of $15,864.27, a price-to-earnings ratio of 24.25 and a beta of 1.02.

CNH Industrial declared that its Board of Directors has initiated a stock repurchase program on Tuesday, January 30th that authorizes the company to repurchase $700.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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About CNH Industrial

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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