Wall Street analysts forecast that CNH Industrial NV (NYSE:CNHI) will announce $6.51 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for CNH Industrial’s earnings, with the lowest sales estimate coming in at $6.36 billion and the highest estimate coming in at $6.64 billion. CNH Industrial posted sales of $6.69 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.7%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, November 6th.
On average, analysts expect that CNH Industrial will report full-year sales of $28.57 billion for the current financial year, with estimates ranging from $27.17 billion to $29.19 billion. For the next fiscal year, analysts forecast that the firm will post sales of $29.03 billion, with estimates ranging from $27.91 billion to $30.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow CNH Industrial.
CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.80 billion. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share.
CNHI has been the subject of a number of analyst reports. ValuEngine downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Stephens set a $10.00 price target on shares of CNH Industrial and gave the stock a “hold” rating in a research report on Thursday, August 29th. Morgan Stanley upgraded shares of CNH Industrial from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 19th. Finally, UBS Group upped their price target on shares of CNH Industrial from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. CNH Industrial has a consensus rating of “Hold” and a consensus target price of $11.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNHI. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CNH Industrial by 4.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 304,202 shares of the company’s stock valued at $3,098,000 after acquiring an additional 11,809 shares in the last quarter. Signaturefd LLC grew its stake in CNH Industrial by 198.7% during the 3rd quarter. Signaturefd LLC now owns 4,092 shares of the company’s stock valued at $42,000 after acquiring an additional 2,722 shares in the last quarter. Barings LLC grew its stake in CNH Industrial by 9.8% during the 2nd quarter. Barings LLC now owns 173,420 shares of the company’s stock valued at $1,783,000 after acquiring an additional 15,520 shares in the last quarter. Prudential PLC grew its stake in CNH Industrial by 15.1% during the 2nd quarter. Prudential PLC now owns 413,535 shares of the company’s stock valued at $4,235,000 after acquiring an additional 54,292 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in CNH Industrial by 12.9% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 18,958,280 shares of the company’s stock valued at $194,891,000 after acquiring an additional 2,171,494 shares in the last quarter. Hedge funds and other institutional investors own 20.07% of the company’s stock.
Shares of CNH Industrial stock traded up $0.23 during trading hours on Friday, reaching $10.99. The stock had a trading volume of 851,465 shares, compared to its average volume of 1,915,018. The stock’s 50 day moving average is $10.46 and its 200 day moving average is $10.07. The firm has a market capitalization of $14.55 billion, a PE ratio of 13.73 and a beta of 1.35. CNH Industrial has a twelve month low of $8.41 and a twelve month high of $11.99. The company has a current ratio of 5.34, a quick ratio of 4.01 and a debt-to-equity ratio of 4.44.
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.
Read More: Penny Stocks, Risk and Reward Factors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.