CNH Industrial (NYSE:CNHI) Releases FY19 Earnings Guidance

CNH Industrial (NYSE:CNHI) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.84-0.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.86.

Shares of CNHI stock traded up $0.02 during trading hours on Thursday, hitting $8.80. 2,489,800 shares of the company’s stock were exchanged, compared to its average volume of 1,733,253. The stock has a market capitalization of $11.86 billion, a PE ratio of 11.00 and a beta of 1.12. CNH Industrial has a 52 week low of $8.41 and a 52 week high of $12.68. The company has a debt-to-equity ratio of 4.42, a quick ratio of 4.03 and a current ratio of 5.33.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.76 billion. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. As a group, analysts forecast that CNH Industrial will post 0.87 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. ValuEngine cut CNH Industrial from a hold rating to a sell rating in a report on Monday, April 1st. Zacks Investment Research upgraded CNH Industrial from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Tuesday, April 9th. Finally, TheStreet raised CNH Industrial from a c rating to a b rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. CNH Industrial has a consensus rating of Hold and a consensus price target of $12.10.

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CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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