Brokerages Anticipate CNH Industrial (NYSE:CNHI) Will Post Quarterly Sales of $4.62 Billion

Wall Street brokerages expect CNH Industrial (NYSE:CNHIGet Rating) to report sales of $4.62 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for CNH Industrial’s earnings, with the lowest sales estimate coming in at $4.58 billion and the highest estimate coming in at $4.68 billion. CNH Industrial posted sales of $7.47 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 38.2%. The firm is expected to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that CNH Industrial will report full-year sales of $21.98 billion for the current fiscal year, with estimates ranging from $21.83 billion to $22.25 billion. For the next year, analysts forecast that the business will post sales of $23.03 billion, with estimates ranging from $22.68 billion to $23.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for CNH Industrial.

CNH Industrial (NYSE:CNHIGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $7.98 billion. CNH Industrial had a net margin of 5.15% and a return on equity of 30.03%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share.

A number of analysts have recently commented on CNHI shares. JPMorgan Chase & Co. boosted their price objective on shares of CNH Industrial from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, March 28th. Citigroup initiated coverage on shares of CNH Industrial in a research report on Friday, February 18th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of CNH Industrial from a “hold” rating to a “strong sell” rating and set a $14.00 price target on the stock. in a research report on Monday, January 10th. StockNews.com initiated coverage on shares of CNH Industrial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, UBS Group dropped their price target on shares of CNH Industrial from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, January 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, CNH Industrial presently has a consensus rating of “Buy” and a consensus target price of $19.62.

Shares of CNHI stock traded up $0.24 during trading on Friday, reaching $15.42. The company’s stock had a trading volume of 148,950 shares, compared to its average volume of 5,537,955. The business has a fifty day moving average price of $15.33 and a 200-day moving average price of $16.54. The company has a quick ratio of 3.75, a current ratio of 4.80 and a debt-to-equity ratio of 3.49. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 11.95 and a beta of 1.70. CNH Industrial has a one year low of $13.21 and a one year high of $19.69.

The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 4th. Stockholders of record on Wednesday, April 20th will be given a $0.3072 dividend. The ex-dividend date is Tuesday, April 19th. This is a positive change from CNH Industrial’s previous annual dividend of $0.13. This represents a dividend yield of 1.9%.

Several institutional investors and hedge funds have recently modified their holdings of CNHI. Schroder Investment Management Group grew its stake in shares of CNH Industrial by 61.3% in the fourth quarter. Schroder Investment Management Group now owns 28,057,331 shares of the company’s stock valued at $478,938,000 after acquiring an additional 10,660,436 shares in the last quarter. Norges Bank acquired a new stake in CNH Industrial during the fourth quarter worth about $421,847,000. Southpoint Capital Advisors LP grew its stake in CNH Industrial by 57.4% during the fourth quarter. Southpoint Capital Advisors LP now owns 15,000,000 shares of the company’s stock worth $291,450,000 after buying an additional 5,468,877 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in CNH Industrial by 33.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 13,830,145 shares of the company’s stock worth $235,364,000 after buying an additional 3,446,211 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in CNH Industrial by 6.8% during the third quarter. Allianz Asset Management GmbH now owns 12,160,239 shares of the company’s stock worth $201,981,000 after buying an additional 772,725 shares in the last quarter. 35.28% of the stock is currently owned by institutional investors.

About CNH Industrial (Get Rating)

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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