CNH Industrial (NYSE:CNHI) Posts Earnings Results, Beats Expectations By $0.04 EPS

CNH Industrial (NYSE:CNHIGet Rating) announced its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04, MarketWatch Earnings reports. CNH Industrial had a return on equity of 30.03% and a net margin of 5.15%. The company had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis.

Shares of CNHI stock traded up $0.19 on Tuesday, reaching $14.62. The stock had a trading volume of 113,535 shares, compared to its average volume of 4,302,701. The stock has a market cap of $19.83 billion, a P/E ratio of 11.36 and a beta of 1.67. CNH Industrial has a 1 year low of $13.21 and a 1 year high of $19.69. The company has a debt-to-equity ratio of 3.49, a quick ratio of 3.75 and a current ratio of 4.80. The company has a 50 day simple moving average of $15.16 and a 200 day simple moving average of $16.37.

The company also recently declared an annual dividend, which will be paid on Wednesday, May 4th. Stockholders of record on Wednesday, April 20th will be paid a $0.3072 dividend. 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 is Tuesday, April 19th.

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on CNH Industrial from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. UBS Group decreased their target price on shares of CNH Industrial from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 4th. JPMorgan Chase & Co. boosted their price target on CNH Industrial from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, March 28th. Zacks Investment Research lowered CNH Industrial from a “hold” rating to a “strong sell” rating and set a $14.00 price objective for the company. in a research report on Monday, January 10th. Finally, Citigroup started coverage on CNH Industrial in a research report on Friday, February 18th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of “Buy” and an average price target of $19.62.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of CNH Industrial by 2.5% in the 4th quarter. BlackRock Inc. now owns 1,910,597 shares of the company’s stock worth $37,123,000 after buying an additional 46,954 shares during the last quarter. Vident Investment Advisory LLC raised its holdings in CNH Industrial by 17.2% in the 4th quarter. Vident Investment Advisory LLC now owns 41,317 shares of the company’s stock worth $803,000 after purchasing an additional 6,057 shares during the period. Toroso Investments LLC raised its holdings in CNH Industrial by 10.0% in the 4th quarter. Toroso Investments LLC now owns 185,767 shares of the company’s stock worth $3,609,000 after purchasing an additional 16,906 shares during the period. The Manufacturers Life Insurance Company raised its holdings in CNH Industrial by 23.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,242,355 shares of the company’s stock worth $19,567,000 after purchasing an additional 236,524 shares during the period. Finally, Deutsche Bank AG raised its holdings in CNH Industrial by 20.3% in the 4th quarter. Deutsche Bank AG now owns 5,781,226 shares of the company’s stock worth $112,329,000 after purchasing an additional 977,404 shares during the period. Hedge funds and other institutional investors own 38.58% of the company’s stock.

CNH Industrial Company Profile (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.

Further Reading

Earnings History for CNH Industrial (NYSE:CNHI)

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