CNH Industrial (NYSE:CNHI) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

CNH Industrial (NYSE:CNHI) posted its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07, Briefing.com reports. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. CNH Industrial updated its FY24 guidance to $1.45-$1.55 EPS.

CNH Industrial Price Performance

Shares of CNHI stock traded down $0.20 on Friday, reaching $11.48. The company’s stock had a trading volume of 9,092,978 shares, compared to its average volume of 11,575,719. The company has a market capitalization of $14.42 billion, a P/E ratio of 6.72 and a beta of 1.66. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. The stock’s 50 day simple moving average is $12.26 and its 200-day simple moving average is $11.72. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34.

CNH Industrial Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNHI shares. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, January 17th. Robert W. Baird increased their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Oppenheimer reissued a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, Evercore ISI lifted their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, CNH Industrial has an average rating of “Hold” and an average target price of $15.27.

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.