Equities research analysts expect CNH Industrial NV (NYSE:CNHI) to post sales of $7.22 billion for the current quarter, Zacks reports. Five analysts have made estimates for CNH Industrial’s earnings, with the highest sales estimate coming in at $7.50 billion and the lowest estimate coming in at $6.71 billion. CNH Industrial posted sales of $7.00 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that CNH Industrial will report full-year sales of $7.22 billion for the current financial year, with estimates ranging from $25.08 billion to $26.76 billion. For the next fiscal year, analysts forecast that the company will report sales of $27.86 billion per share, with estimates ranging from $26.50 billion to $28.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow CNH Industrial.
CNH Industrial (NYSE:CNHI) last posted its earnings results on Tuesday, October 31st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. CNH Industrial had a net margin of 1.66% and a return on equity of 14.63%. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm’s revenue was up 15.3% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set a “buy” rating and a $17.00 price objective for the company. Deutsche Bank raised shares of CNH Industrial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $12.81 to $16.00 in a research report on Thursday, January 4th. Seaport Global Securities reissued a “buy” rating and set a $16.00 price objective on shares of CNH Industrial in a research report on Wednesday, January 3rd. Evercore ISI raised shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a research report on Monday, November 6th. Finally, Barclays assumed coverage on shares of CNH Industrial in a research report on Tuesday, December 12th. They set an “overweight” rating and a $15.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.43.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AXA lifted its stake in shares of CNH Industrial by 0.5% during the 3rd quarter. AXA now owns 15,801,602 shares of the company’s stock valued at $189,777,000 after buying an additional 83,060 shares in the last quarter. AMP Capital Investors Ltd lifted its stake in shares of CNH Industrial by 21.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 424,309 shares of the company’s stock valued at $5,097,000 after buying an additional 75,902 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of CNH Industrial by 24.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,175,135 shares of the company’s stock valued at $38,133,000 after buying an additional 621,462 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of CNH Industrial by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,026,276 shares of the company’s stock valued at $12,379,000 after buying an additional 20,259 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of CNH Industrial by 5.7% during the 3rd quarter. Stifel Financial Corp now owns 86,660 shares of the company’s stock valued at $1,042,000 after buying an additional 4,694 shares in the last quarter. Institutional investors own 18.18% of the company’s stock.
Shares of CNH Industrial (NYSE CNHI) opened at $14.93 on Friday. CNH Industrial has a 1 year low of $8.74 and a 1 year high of $15.02. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42. The stock has a market cap of $20,359.70, a price-to-earnings ratio of 31.10 and a beta of 0.86.
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About CNH Industrial
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.
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