CNH Industrial (NYSE:CNHI – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07, Briefing.com reports. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. CNH Industrial updated its FY24 guidance to $1.45-$1.55 EPS.
CNH Industrial Stock Performance
NYSE:CNHI traded down $0.20 during mid-day trading on Friday, reaching $11.48. 9,092,978 shares of the company’s stock were exchanged, compared to its average volume of 11,575,719. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The firm has a market capitalization of $14.42 billion, a PE ratio of 6.72 and a beta of 1.66. CNH Industrial has a one year low of $9.77 and a one year high of $15.74. The business’s fifty day simple moving average is $12.26 and its two-hundred day simple moving average is $11.72.
CNH Industrial Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be paid a $0.47 dividend. The ex-dividend date is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%.
Analyst Ratings Changes
View Our Latest Research Report on CNHI
CNH Industrial Company Profile
CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.
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