CNH Industrial (NYSE:CNHI) posted its quarterly earnings data on Thursday. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05, MarketWatch Earnings reports. CNH Industrial had a return on equity of 5.57% and a net margin of 4.13%. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $4.33 billion.
CNHI traded down $0.47 during midday trading on Friday, reaching $6.79. 2,256,115 shares of the company were exchanged, compared to its average volume of 1,350,124. The company has a debt-to-equity ratio of 4.18, a quick ratio of 4.61 and a current ratio of 6.13. The company’s fifty day moving average price is $7.07 and its 200 day moving average price is $7.46. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 31.57 and a beta of 1.50. CNH Industrial has a one year low of $5.06 and a one year high of $11.99.
A number of equities research analysts recently commented on the company. Bank of America downgraded CNH Industrial from a “neutral” rating to an “underperform” rating and set a $5.50 price objective for the company. in a report on Monday, April 13th. Deutsche Bank started coverage on CNH Industrial in a report on Tuesday, June 30th. They issued a “hold” rating and a $7.00 price target for the company. Stifel Nicolaus decreased their price objective on CNH Industrial from $8.00 to $7.00 and set a “hold” rating for the company in a report on Friday, May 8th. Kepler Capital Markets cut CNH Industrial to a “hold” rating and set a $7.00 price target for the company. in a research report on Thursday, July 9th. Finally, Zacks Investment Research raised CNH Industrial from a “sell” rating to a “hold” rating and set a $7.50 price target for the company in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.25.
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.
Further Reading: How accurate is the Rule of 72?
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.