Q2 2022 Earnings Estimate for CNH Industrial Issued By William Blair (NYSE:CNHI)

CNH Industrial (NYSE:CNHIGet Rating) – Analysts at William Blair decreased their Q2 2022 earnings per share estimates for shares of CNH Industrial in a research report issued on Tuesday, May 3rd. William Blair analyst L. De. Maria now anticipates that the company will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.39. William Blair also issued estimates for CNH Industrial’s Q4 2022 earnings at $0.38 EPS.

Several other equities analysts have also issued reports on CNHI. Citigroup started coverage on shares of CNH Industrial in a report on Friday, February 18th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of CNH Industrial from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. JPMorgan Chase & Co. upped their price objective on shares of CNH Industrial from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, March 28th. Zacks Investment Research lowered shares of 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. Finally, StockNews.com assumed coverage on shares of CNH Industrial in a report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $19.62.

Shares of CNH Industrial stock opened at $14.47 on Friday. The company has a quick ratio of 3.75, a current ratio of 4.80 and a debt-to-equity ratio of 3.49. CNH Industrial has a twelve month low of $13.21 and a twelve month high of $19.69. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 11.96 and a beta of 1.67. The company’s fifty day moving average is $15.18 and its 200 day moving average is $16.34.

CNH Industrial (NYSE:CNHIGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. CNH Industrial had a net margin of 5.39% and a return on equity of 28.05%. The company had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. CNH Industrial’s revenue for the quarter was up 13.4% on a year-over-year basis.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in CNH Industrial in the 4th quarter worth approximately $421,847,000. Schroder Investment Management Group raised its position in shares of CNH Industrial by 61.3% during the 4th quarter. Schroder Investment Management Group now owns 28,057,331 shares of the company’s stock valued at $478,938,000 after buying an additional 10,660,436 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in CNH Industrial in the 3rd quarter worth $158,312,000. Marshall Wace LLP raised its position in CNH Industrial by 4,283.9% in the 4th quarter. Marshall Wace LLP now owns 5,300,998 shares of the company’s stock worth $102,899,000 after purchasing an additional 5,180,077 shares during the period. Finally, Davidson Kempner Capital Management LP grew its holdings in CNH Industrial by 624.9% in the 4th quarter. Davidson Kempner Capital Management LP now owns 5,100,541 shares of the company’s stock worth $99,079,000 after acquiring an additional 4,396,941 shares during the last quarter. 38.58% of the stock is owned by institutional investors.

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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Earnings History and Estimates for CNH Industrial (NYSE:CNHI)

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