$0.14 EPS Expected for CNH Industrial NV (CNHI) This Quarter
Analysts expect CNH Industrial NV (NASDAQ:CNHI) to announce earnings per share of $0.14 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for CNH Industrial NV’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.12. CNH Industrial NV also posted earnings per share of $0.14 in the same quarter last year. The business is expected to issue its next quarterly earnings report on Tuesday, January 30th.
On average, analysts expect that CNH Industrial NV will report full-year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.44 to $0.50. For the next year, analysts forecast that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.59 to $0.70. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow CNH Industrial NV.
CNH Industrial NV (NASDAQ:CNHI) last issued its earnings results on Tuesday, October 31st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. CNH Industrial NV’s quarterly revenue was up 15.3% compared to the same quarter last year.
A number of brokerages have commented on CNHI. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $13.20 target price (up from $12.80) on shares of CNH Industrial NV in a research note on Monday, October 9th. TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $11.50 price target on shares of CNH Industrial NV in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.31.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded down $0.01 during mid-day trading on Tuesday, reaching $13.02. 2,626,715 shares of the company’s stock were exchanged, compared to its average volume of 1,350,000. CNH Industrial NV has a one year low of $7.09 and a one year high of $13.37.
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Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of CNH Industrial NV by 9.8% in the 2nd quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock valued at $275,133,000 after acquiring an additional 2,164,105 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of CNH Industrial NV by 7.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock valued at $121,282,000 after acquiring an additional 698,600 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of CNH Industrial NV by 51.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after acquiring an additional 2,040,505 shares during the period. Gabelli Funds LLC increased its stake in CNH Industrial NV by 0.4% during the 3rd quarter. Gabelli Funds LLC now owns 5,205,336 shares of the company’s stock worth $62,516,000 after buying an additional 22,500 shares during the period. Finally, Renaissance Technologies LLC increased its stake in CNH Industrial NV by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,838,065 shares of the company’s stock worth $32,166,000 after buying an additional 215,345 shares during the period.
CNH Industrial NV Company Profile
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.
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