Zacks: Brokerages Anticipate CNH Industrial (NYSE:CNHI) to Post $0.26 EPS

Analysts expect that CNH Industrial (NYSE:CNHI – Get Rating) will report earnings per share of $0.26 for the current quarter, according to Zacks. Three analysts have made estimates for CNH Industrial’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.20. CNH Industrial posted earnings per share of $0.32 in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.8%. The business is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that CNH Industrial will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.30 to $1.50. For the next financial year, analysts expect that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.42 to $1.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow CNH Industrial.

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

A number of equities analysts recently issued reports on CNHI shares. Morgan Stanley lowered their price target on CNH Industrial from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, January 4th. Barclays started coverage on CNH Industrial in a report on Thursday, February 17th. They set an “overweight” rating on the stock. Zacks Investment Research lowered CNH Industrial from a “hold” rating to a “strong sell” rating and set a $14.00 price objective on the stock. in a report on Monday, January 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on CNH Industrial from $25.00 to $19.00 in a report on Tuesday, January 4th. Finally, StockNews.com started coverage on CNH Industrial in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $19.62.

Institutional investors have recently modified their holdings of the stock. Huntington National Bank raised its position in shares of CNH Industrial by 150,100.0% during the 4th quarter. Huntington National Bank now owns 1,502 shares of the company’s stock worth $29,000 after purchasing an additional 1,501 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of CNH Industrial by 355.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,249 shares of the company’s stock worth $44,000 after purchasing an additional 1,755 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of CNH Industrial by 48.4% during the 4th quarter. BNP Paribas Arbitrage SA now owns 3,019 shares of the company’s stock worth $59,000 after purchasing an additional 984 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $66,000. Finally, Quadrant Capital Group LLC raised its position in shares of CNH Industrial by 22.9% during the 4th quarter. Quadrant Capital Group LLC now owns 6,789 shares of the company’s stock worth $132,000 after purchasing an additional 1,263 shares during the last quarter. Hedge funds and other institutional investors own 35.28% of the company’s stock.

Shares of NYSE CNHI traded up $0.24 during midday trading on Thursday, reaching $15.42. 148,950 shares of the company were exchanged, compared to its average volume of 5,537,955. The company has a current ratio of 4.80, a quick ratio of 3.75 and a debt-to-equity ratio of 3.49. CNH Industrial has a 1 year low of $13.21 and a 1 year high of $19.69. The stock has a fifty day simple moving average of $15.33 and a 200 day simple moving average of $16.54. The stock has a market cap of $20.91 billion, a P/E ratio of 11.95 and a beta of 1.70.

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

CNH Industrial Company Profile (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.

See Also