CNH Industrial NV (CNHI) Expected to Announce Quarterly Sales of $7.83 Billion

Wall Street analysts expect that CNH Industrial NV (NYSE:CNHI) will report $7.83 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for CNH Industrial’s earnings, with the highest sales estimate coming in at $8.24 billion and the lowest estimate coming in at $7.44 billion. CNH Industrial reported sales of $8.05 billion in the same quarter last year, which indicates a negative year over year growth rate of 2.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that CNH Industrial will report full-year sales of $29.07 billion for the current fiscal year, with estimates ranging from $27.74 billion to $30.00 billion. For the next financial year, analysts forecast that the firm will report sales of $29.65 billion, with estimates ranging from $28.48 billion to $30.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.76 billion. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. CNH Industrial’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share.

Several equities analysts have issued reports on the company. ValuEngine raised CNH Industrial from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Zacks Investment Research lowered CNH Industrial from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, TheStreet raised CNH Industrial from a “c” rating to a “b” rating in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $12.10.

Several hedge funds have recently modified their holdings of the business. Wetherby Asset Management Inc. boosted its stake in shares of CNH Industrial by 7.5% during the first quarter. Wetherby Asset Management Inc. now owns 29,837 shares of the company’s stock worth $304,000 after buying an additional 2,071 shares during the period. Cigna Investments Inc. New boosted its stake in shares of CNH Industrial by 17.7% during the fourth quarter. Cigna Investments Inc. New now owns 14,525 shares of the company’s stock worth $131,000 after buying an additional 2,188 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of CNH Industrial by 3.6% during the first quarter. Ontario Teachers Pension Plan Board now owns 70,966 shares of the company’s stock worth $722,000 after buying an additional 2,478 shares during the period. D.A. Davidson & CO. boosted its stake in shares of CNH Industrial by 19.0% during the fourth quarter. D.A. Davidson & CO. now owns 16,863 shares of the company’s stock worth $155,000 after buying an additional 2,690 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of CNH Industrial by 4.0% during the first quarter. Blair William & Co. IL now owns 86,971 shares of the company’s stock worth $887,000 after buying an additional 3,320 shares during the period. 21.02% of the stock is currently owned by institutional investors.

Shares of CNHI stock traded down $0.01 during mid-day trading on Monday, hitting $9.05. 36,729 shares of the stock were exchanged, compared to its average volume of 2,458,442. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 11.31 and a beta of 1.27. CNH Industrial has a 12-month low of $8.41 and a 12-month 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 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.

Featured Story: Average Daily Trade Volume Explained

Get a free copy of the Zacks research report on CNH Industrial (CNHI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.