CNH Industrial (NYSE:CNHI) Expected to Post FY2023 Earnings of $1.47 Per Share

CNH Industrial (NYSE:CNHIGet Rating) – Research analysts at Oppenheimer boosted their FY2023 earnings per share (EPS) estimates for shares of CNH Industrial in a research report issued on Monday, April 25th. Oppenheimer analyst K. Owen now forecasts that the company will earn $1.47 per share for the year, up from their prior forecast of $1.43.

A number of other research analysts also recently commented on the stock. StockNews.com started coverage on shares of CNH Industrial in a research note on Thursday, March 31st. They set a “hold” rating for the company. UBS Group lowered their price objective on shares of CNH Industrial from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 4th. JPMorgan Chase & Co. increased their target price on CNH Industrial from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, March 28th. Citigroup began coverage on CNH Industrial in a research note on Friday, February 18th. They set a “buy” rating on the stock. Finally, Barclays began coverage on CNH Industrial in a research note on Thursday, February 17th. They set an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of “Buy” and an average target price of $19.62.

NYSE:CNHI opened at $13.80 on Wednesday. CNH Industrial has a 12-month low of $13.21 and a 12-month high of $19.69. The company’s 50-day moving average is $15.26 and its two-hundred day moving average is $16.43. The company has a current ratio of 4.80, a quick ratio of 3.75 and a debt-to-equity ratio of 3.49. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 10.87 and a beta of 1.70.

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

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

Several institutional investors and hedge funds have recently modified their holdings of CNHI. Norges Bank acquired a new position in shares of CNH Industrial during the fourth quarter valued at $421,847,000. Schroder Investment Management Group grew its holdings in CNH Industrial by 61.3% during the fourth quarter. Schroder Investment Management Group now owns 28,057,331 shares of the company’s stock worth $478,938,000 after acquiring an additional 10,660,436 shares during the period. Southpoint Capital Advisors LP acquired a new position in CNH Industrial during the third quarter worth about $158,312,000. Pendal Group Ltd acquired a new position in CNH Industrial during the third quarter worth about $124,534,000. Finally, Marshall Wace LLP grew its holdings in CNH Industrial by 4,283.9% during the fourth quarter. Marshall Wace LLP now owns 5,300,998 shares of the company’s stock worth $102,899,000 after acquiring an additional 5,180,077 shares during the period. 35.28% of the stock is currently owned by institutional investors.

About CNH Industrial (Get Rating)

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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