Analysts expect that CNH Industrial NV (NYSE:CNHI) will report earnings per share of $0.13 for the current quarter, according to Zacks. Four analysts have made estimates for CNH Industrial’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.11. CNH Industrial posted earnings per share of $0.11 in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, November 7th.
On average, analysts expect that CNH Industrial will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.70 to $0.77. For the next financial year, analysts expect that the firm will post earnings of $0.85 per share, with EPS estimates ranging from $0.81 to $0.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow CNH Industrial.
A number of brokerages have commented on CNHI. ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Bank of America lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $12.50 in a report on Wednesday, October 17th. Zacks Investment Research lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Deutsche Bank began coverage on shares of CNH Industrial in a report on Wednesday, September 5th. They issued a “hold” rating and a $158.00 price objective on the stock. Finally, TheStreet upgraded shares of CNH Industrial from a “d+” rating to a “c” rating in a report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.70.
Several institutional investors have recently modified their holdings of CNHI. Wells Fargo & Company MN raised its stake in shares of CNH Industrial by 555.1% in the 1st quarter. Wells Fargo & Company MN now owns 99,255 shares of the company’s stock valued at $1,231,000 after purchasing an additional 84,105 shares in the last quarter. Northern Trust Corp raised its stake in shares of CNH Industrial by 65.9% in the 1st quarter. Northern Trust Corp now owns 197,167 shares of the company’s stock valued at $2,444,000 after purchasing an additional 78,308 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of CNH Industrial in the 2nd quarter valued at about $171,000. FNY Investment Advisers LLC acquired a new stake in shares of CNH Industrial in the 2nd quarter valued at about $315,000. Finally, Aperio Group LLC raised its stake in shares of CNH Industrial by 4.9% in the 2nd quarter. Aperio Group LLC now owns 546,061 shares of the company’s stock valued at $5,750,000 after purchasing an additional 25,709 shares in the last quarter. Institutional investors and hedge funds own 18.92% of the company’s stock.
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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