Q3 2022 EPS Estimates for CNH Industrial (NYSE:CNHI) Lowered by Analyst

CNH Industrial (NYSE:CNHIGet Rating) – Investment analysts at William Blair cut their Q3 2022 earnings estimates for CNH Industrial in a research report issued on Tuesday, May 3rd. William Blair analyst L. De. Maria now expects that the company will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.31.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CNH Industrial from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Citigroup started coverage on shares of CNH Industrial in a research report on Friday, February 18th. They set a “buy” rating for the company. JPMorgan Chase & Co. lifted 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. Barclays started coverage on shares of CNH Industrial in a research report on Thursday, February 17th. They set an “overweight” rating for the company. Finally, Zacks Investment Research cut shares of 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $19.62.

NYSE:CNHI opened at $14.92 on Thursday. 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 fifty day simple moving average of $15.18 and a 200 day simple moving average of $16.35. CNH Industrial has a 1-year low of $13.21 and a 1-year high of $19.69. The stock has a market capitalization of $20.23 billion, a PE ratio of 12.33 and a beta of 1.67.

CNH Industrial (NYSE:CNHIGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 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 $4.65 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same period last year, the business earned $0.32 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis.

The firm also recently announced an annual dividend, which was paid on Wednesday, May 4th. Stockholders of record on Wednesday, April 20th were given a $0.3072 dividend. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, April 19th. This is a boost from CNH Industrial’s previous annual dividend of $0.13.

A number of hedge funds have recently bought and sold shares of CNHI. Huntington National Bank grew its stake in CNH Industrial by 150,100.0% during the fourth quarter. Huntington National Bank now owns 1,502 shares of the company’s stock worth $29,000 after buying an additional 1,501 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in CNH Industrial by 355.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,249 shares of the company’s stock worth $44,000 after buying an additional 1,755 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in CNH Industrial by 48.4% during the fourth quarter. BNP Paribas Arbitrage SA now owns 3,019 shares of the company’s stock worth $59,000 after buying an additional 984 shares in the last quarter. National Bank of Canada FI acquired a new stake in CNH Industrial during the fourth quarter worth about $66,000. Finally, Liberty Wealth Management LLC grew its stake in CNH Industrial by 207.8% during the third quarter. Liberty Wealth Management LLC now owns 7,411 shares of the company’s stock worth $127,000 after buying an additional 5,003 shares in the last quarter. 38.58% of the stock is owned by institutional investors and hedge funds.

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.

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