CNH Industrial (CNHI) Updates FY18 Earnings Guidance

CNH Industrial (NYSE:CNHI) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.67-0.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72.

Shares of CNH Industrial stock opened at $10.61 on Wednesday. The stock has a market capitalization of $14.73 billion, a P/E ratio of 22.10 and a beta of 1.22. CNH Industrial has a twelve month low of $9.67 and a twelve month high of $15.65. The company has a debt-to-equity ratio of 5.32, a quick ratio of 3.92 and a current ratio of 5.06.

CNHI has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on shares of CNH Industrial from $14.00 to $13.00 and set a hold rating on the stock in a research note on Monday, July 30th. Zacks Investment Research raised shares of CNH Industrial from a sell rating to a hold rating and set a $13.00 price target on the stock in a research note on Monday, July 30th. Seaport Global Securities reaffirmed a buy rating and issued a $15.00 price target on shares of CNH Industrial in a research note on Monday, July 23rd. ValuEngine raised shares of CNH Industrial from a strong sell rating to a sell rating in a research note on Wednesday, July 25th. Finally, TheStreet raised shares of CNH Industrial from a d+ rating to a c rating in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. CNH Industrial presently has an average rating of Hold and an average price target of $28.70.

TRADEMARK VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/11/07/cnh-industrial-cnhi-updates-fy18-earnings-guidance.html.

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.

See Also: How to calculate compound interest

Earnings History and Estimates for CNH Industrial (NYSE:CNHI)

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.


Leave a Reply