Analysts Offer Predictions for CNH Industrial’s Q2 2024 Earnings (NYSE:CNHI)

CNH Industrial (NYSE:CNHI) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for CNH Industrial in a research report issued on Tuesday, May 7th. DA Davidson analyst M. Shlisky expects that the company will post earnings of $0.41 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $13.00 target price on the stock. The consensus estimate for CNH Industrial’s current full-year earnings is $1.53 per share. DA Davidson also issued estimates for CNH Industrial’s FY2025 earnings at $1.64 EPS.

Several other equities research analysts have also commented on the stock. Oppenheimer reissued a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Bank of America reaffirmed a “neutral” rating on shares of CNH Industrial in a research report on Monday, April 22nd. Evercore ISI boosted their target price on CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. reduced their price target on CNH Industrial from $14.50 to $14.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Stock Down 2.1 %

NYSE:CNHI opened at $11.65 on Wednesday. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74. The company has a market capitalization of $14.64 billion, a PE ratio of 6.81 and a beta of 1.66. The firm’s 50-day moving average price is $12.24 and its 200-day moving average price is $11.72. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis.

Institutional Trading of CNH Industrial

Several hedge funds have recently made changes to their positions in CNHI. Salem Investment Counselors Inc. bought a new stake in CNH Industrial during the 1st quarter valued at about $26,000. SRS Capital Advisors Inc. purchased a new position in shares of CNH Industrial in the fourth quarter worth $25,000. Larson Financial Group LLC lifted its position in CNH Industrial by 566.0% during the 1st quarter. Larson Financial Group LLC now owns 2,118 shares of the company’s stock worth $27,000 after acquiring an additional 1,800 shares during the period. Hartford Financial Management Inc. lifted its position in CNH Industrial by 210.0% during the first quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company’s stock valued at $40,000 after purchasing an additional 2,100 shares during the period. Finally, Alta Advisers Ltd purchased a new stake in CNH Industrial in the 3rd quarter worth approximately $40,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, May 10th. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%.

CNH Industrial Company Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.