CNH Industrial (CNHI) Releases Earnings Results, Beats Expectations By $0.06 EPS

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CNH Industrial (NYSE:CNHI) issued its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06, MarketWatch Earnings reports. CNH Industrial had a net margin of 3.60% and a return on equity of 24.48%. The firm had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. CNH Industrial updated its FY19 guidance to $0.84-0.88 EPS.

Shares of CNH Industrial stock opened at $10.32 on Friday. The firm has a market capitalization of $14.04 billion, a P/E ratio of 12.90 and a beta of 1.09. The company has a quick ratio of 4.21, a current ratio of 5.51 and a debt-to-equity ratio of 5.06. CNH Industrial has a fifty-two week low of $8.41 and a fifty-two week high of $14.50.

A number of institutional investors have recently modified their holdings of CNHI. BlackRock Inc. boosted its holdings in CNH Industrial by 17.8% in the 2nd quarter. BlackRock Inc. now owns 1,473,396 shares of the company’s stock worth $15,515,000 after buying an additional 223,158 shares during the period. Advisors Asset Management Inc. boosted its holdings in CNH Industrial by 18.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 64,455 shares of the company’s stock worth $679,000 after buying an additional 9,832 shares during the period. Northern Trust Corp boosted its holdings in CNH Industrial by 23.6% in the 2nd quarter. Northern Trust Corp now owns 243,701 shares of the company’s stock worth $2,566,000 after buying an additional 46,534 shares during the period. Bank of Montreal Can boosted its holdings in CNH Industrial by 18.7% in the 3rd quarter. Bank of Montreal Can now owns 88,347 shares of the company’s stock worth $1,061,000 after buying an additional 13,913 shares during the period. Finally, Aperio Group LLC boosted its holdings in CNH Industrial by 20.3% in the 3rd quarter. Aperio Group LLC now owns 657,129 shares of the company’s stock worth $7,892,000 after buying an additional 111,068 shares during the period. 18.80% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on CNHI. Bank of America downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $12.50 in a research report on Wednesday, October 17th. ValuEngine downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. OTR Global raised shares of CNH Industrial to a “positive” rating in a research report on Friday, January 18th. Zacks Investment Research downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. Finally, Deutsche Bank downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating and cut their price objective for the company from $12.00 to $8.00 in a research report on Wednesday, January 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.36.

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CNH Industrial Company Profile

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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Earnings History for CNH Industrial (NYSE:CNHI)

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