CNH Industrial (CNHI) Scheduled to Post Quarterly Earnings on Thursday

CNH Industrial (NYSE:CNHI) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.26 per share for the quarter. CNH Industrial has set its FY24 guidance at $1.50-1.60 EPS and its FY 2024 guidance at 1.500-1.600 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter last year, the firm earned $0.36 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts expect CNH Industrial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CNH Industrial Trading Down 1.6 %

Shares of NYSE:CNHI opened at $11.40 on Thursday. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. The firm has a market capitalization of $14.32 billion, a P/E ratio of 6.51 and a beta of 1.65. The business’s 50-day moving average is $12.36 and its 200 day moving average is $11.74. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74.

CNH Industrial Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a dividend yield of 3.71%. This is an increase from CNH Industrial’s previous annual dividend of $0.39.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNHI. StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. DA Davidson initiated coverage on CNH Industrial in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price for the company. Evercore ISI boosted their price target on CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Truist Financial began coverage on CNH Industrial in a research note on Thursday, March 14th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Robert W. Baird upped their target price on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Company Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.