$7.77 Billion in Sales Expected for CNH Industrial (NYSE:CNHI) This Quarter

Wall Street analysts expect CNH Industrial (NYSE:CNHI) to announce $7.77 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for CNH Industrial’s earnings, with estimates ranging from $7.31 billion to $8.26 billion. CNH Industrial reported sales of $8.50 billion during the same quarter last year, which would suggest a negative year over year growth rate of 8.6%. The firm is expected to report its next quarterly earnings report on Wednesday, February 2nd.

According to Zacks, analysts expect that CNH Industrial will report full year sales of $31.91 billion for the current financial year, with estimates ranging from $30.38 billion to $32.62 billion. For the next financial year, analysts anticipate that the firm will post sales of $34.98 billion, with estimates ranging from $34.11 billion to $35.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for CNH Industrial.

CNH Industrial (NYSE:CNHI) last issued its earnings results on Thursday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.14. CNH Industrial had a return on equity of 33.61% and a net margin of 4.82%. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter last year, the company earned $0.11 EPS.

A number of research firms have issued reports on CNHI. Deutsche Bank Aktiengesellschaft lifted their price objective on CNH Industrial from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 5th. TheStreet raised CNH Industrial from a “c” rating to a “b-” rating in a research report on Wednesday, October 13th. Finally, Evercore ISI cut their target price on CNH Industrial from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, October 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.33.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Maverick Capital Ltd. purchased a new position in CNH Industrial during the 2nd quarter valued at $32,000. Anfield Capital Management LLC purchased a new position in CNH Industrial during the 2nd quarter valued at $35,000. MEAG MUNICH ERGO AssetManagement GmbH purchased a new position in CNH Industrial during the 2nd quarter valued at $42,000. Sargent Bickham Lagudis LLC boosted its holdings in CNH Industrial by 166.7% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 4,000 shares of the company’s stock valued at $63,000 after acquiring an additional 2,500 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in CNH Industrial during the 2nd quarter valued at $71,000. Institutional investors own 34.52% of the company’s stock.

NYSE:CNHI traded down $0.01 during trading hours on Thursday, reaching $17.86. The stock had a trading volume of 5,733,763 shares, compared to its average volume of 2,813,497. The company has a debt-to-equity ratio of 3.80, a quick ratio of 4.19 and a current ratio of 5.42. CNH Industrial has a 52 week low of $10.79 and a 52 week high of $19.22. The company has a 50 day moving average price of $17.29 and a two-hundred day moving average price of $16.88. The stock has a market capitalization of $24.18 billion, a PE ratio of 15.27 and a beta of 1.66.

CNH Industrial Company Profile

CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.

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Earnings History and Estimates for CNH Industrial (NYSE:CNHI)

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