CNH Industrial (NYSE:CNHI) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 27th. Analysts expect CNH Industrial to post earnings of $0.09 per share for the quarter. CNH Industrial has set its FY18 guidance at $0.63-0.67 EPS.
CNH Industrial (NYSE:CNHI) last issued its earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $7.38 billion. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. On average, analysts expect CNH Industrial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE CNHI opened at $11.90 on Wednesday. The stock has a market capitalization of $16,750.16, a PE ratio of 25.60 and a beta of 1.02. The company has a debt-to-equity ratio of 5.89, a quick ratio of 4.38 and a current ratio of 5.42. CNH Industrial has a 1 year low of $10.36 and a 1 year high of $15.65.
CNH Industrial declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 30th that allows the company to repurchase $700.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of CNH Industrial from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Berenberg Bank assumed coverage on shares of CNH Industrial in a research note on Wednesday, January 17th. They issued a “hold” rating and a $13.50 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 target price (up previously from $13.40) on shares of CNH Industrial in a research note on Tuesday, February 20th. UBS started coverage on shares of CNH Industrial in a research note on Monday, January 8th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, TheStreet lowered shares of CNH Industrial from a “c” rating to a “d+” rating in a research note on Monday, February 12th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.50.
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About CNH Industrial
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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