CNH Industrial (NYSE:CNH) Hits New 1-Year Low After Earnings Miss

Shares of CNH Industrial N.V. (NYSE:CNH) reached a new 52-week low during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $9.00 and last traded at $9.5390, with a volume of 4097326 shares traded. The stock had previously closed at $10.26.

The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05). The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CNH. Barclays decreased their price objective on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. JPMorgan Chase & Co. reduced their target price on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Finally, Truist Financial reduced their price objective on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, CNH Industrial has a consensus rating of “Moderate Buy” and a consensus target price of $14.65.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in CNH Industrial by 186.0% in the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock worth $1,113,847,000 after acquiring an additional 58,991,632 shares during the last quarter. Alliancebernstein L.P. increased its holdings in CNH Industrial by 125.8% during the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock valued at $223,750,000 after purchasing an additional 10,149,760 shares during the period. Marshall Wace LLP increased its holdings in CNH Industrial by 21,312.8% during the 2nd quarter. Marshall Wace LLP now owns 6,781,205 shares of the company’s stock valued at $87,884,000 after purchasing an additional 6,749,536 shares during the period. Norges Bank bought a new position in CNH Industrial during the 2nd quarter valued at approximately $61,198,000. Finally, BNP Paribas Financial Markets lifted its holdings in CNH Industrial by 323.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,776,930 shares of the company’s stock worth $61,909,000 after buying an additional 3,647,517 shares during the period. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Trading Down 6.0%

The firm has a market cap of $12.07 billion, a PE ratio of 14.84 and a beta of 1.52. The firm has a fifty day simple moving average of $10.77 and a two-hundred day simple moving average of $12.04. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.