Zacks: Analysts Expect CNH Industrial NV (NYSE:CNHI) to Post $0.29 Earnings Per Share

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Wall Street analysts forecast that CNH Industrial NV (NYSE:CNHI) will post earnings of $0.29 per share for the current quarter, according to Zacks. Four analysts have issued estimates for CNH Industrial’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. CNH Industrial posted earnings per share of $0.28 in the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, August 1st.

On average, analysts expect that CNH Industrial will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.83 to $0.88. For the next financial year, analysts expect that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.85 to $0.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. CNH Industrial’s revenue for the quarter was down 4.7% on a year-over-year basis.

Several research firms have recently weighed in on CNHI. Zacks Investment Research cut shares of Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 4,000 ($52.27) price target on shares of in a report on Tuesday, June 18th. Finally, TheStreet cut YRC Worldwide from a “c” rating to a “d+” rating in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.50.

CNHI stock traded up $0.02 during midday trading on Wednesday, reaching $10.30. 19,279 shares of the company’s stock traded hands, compared to its average volume of 1,446,854. The firm has a 50-day moving average price of $9.90. The company has a debt-to-equity ratio of 4.42, a current ratio of 5.33 and a quick ratio of 4.03. CNH Industrial has a 52 week low of $8.41 and a 52 week high of $12.68. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 12.89 and a beta of 1.38.

Several institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new position in shares of CNH Industrial during the 2nd quarter valued at $126,000. Amundi Pioneer Asset Management Inc. lifted its stake in shares of CNH Industrial by 25.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 16,786,786 shares of the company’s stock valued at $171,225,000 after buying an additional 3,408,301 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of CNH Industrial by 42.8% during the 1st quarter. Clearbridge Investments LLC now owns 2,126,413 shares of the company’s stock valued at $21,689,000 after buying an additional 637,624 shares in the last quarter. AlphaCrest Capital Management LLC lifted its stake in shares of CNH Industrial by 164.3% during the 1st quarter. AlphaCrest Capital Management LLC now owns 87,034 shares of the company’s stock valued at $888,000 after buying an additional 54,100 shares in the last quarter. Finally, GAM Holding AG purchased a new position in shares of CNH Industrial during the 1st quarter valued at $4,695,000. Institutional investors own 21.03% of the company’s stock.

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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