Zacks: Analysts Anticipate CNH Industrial NV (NYSE:CNHI) Will Post Earnings of -$0.09 Per Share

Equities research analysts expect CNH Industrial NV (NYSE:CNHI) to announce earnings of ($0.09) per share for the current quarter, according to Zacks. Two analysts have provided estimates for CNH Industrial’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.02). CNH Industrial reported earnings of $0.31 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 129%. The business is expected to issue its next quarterly earnings results on Thursday, August 6th.

On average, analysts expect that CNH Industrial will report full-year earnings of ($0.12) per share for the current year, with EPS estimates ranging from ($0.52) to $0.16. For the next year, analysts expect that the company will post earnings of $0.41 per share, with EPS estimates ranging from $0.19 to $0.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.12). CNH Industrial had a return on equity of 14.23% and a net margin of 4.06%. The business had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s quarterly revenue was down 15.4% on a year-over-year basis.

Several research firms have recently commented on CNHI. Stifel Nicolaus cut their target price on CNH Industrial from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on CNH Industrial from $6.50 to $8.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Bank of America cut CNH Industrial from a “neutral” rating to an “underperform” rating and set a $5.50 price target on the stock. in a research report on Monday, April 13th. Finally, Kepler Capital Markets lowered shares of CNH Industrial to a “hold” rating and set a $6.00 price objective for the company. in a report on Monday, June 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.93.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First PREMIER Bank raised its holdings in shares of CNH Industrial by 120.3% during the first quarter. First PREMIER Bank now owns 4,295 shares of the company’s stock worth $25,000 after purchasing an additional 2,345 shares during the last quarter. Parallel Advisors LLC boosted its position in CNH Industrial by 198.7% during the first quarter. Parallel Advisors LLC now owns 4,693 shares of the company’s stock worth $26,000 after acquiring an additional 3,122 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in CNH Industrial by 1,222.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 9,576 shares of the company’s stock valued at $54,000 after purchasing an additional 8,852 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in CNH Industrial in the 1st quarter valued at about $56,000. Finally, First Trust Advisors LP purchased a new stake in shares of CNH Industrial in the 1st quarter valued at approximately $58,000. 20.46% of the stock is owned by institutional investors and hedge funds.

NYSE CNHI traded up $0.24 during trading hours on Wednesday, reaching $7.02. 61,033 shares of the stock traded hands, compared to its average volume of 2,615,778. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 8.37 and a beta of 1.47. The stock has a 50 day simple moving average of $6.41 and a two-hundred day simple moving average of $8.13. The company has a debt-to-equity ratio of 4.18, a current ratio of 6.13 and a quick ratio of 4.61. CNH Industrial has a 1 year low of $5.06 and a 1 year high of $11.99.

About CNH Industrial

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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