Wall Street brokerages predict that CNH Industrial NV (NASDAQ:CNHI) will post $5.84 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for CNH Industrial NV’s earnings, with estimates ranging from $5.52 billion to $6.00 billion. CNH Industrial NV reported sales of $5.75 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings results on Monday, October 30th.
On average, analysts expect that CNH Industrial NV will report full-year sales of $5.84 billion for the current year, with estimates ranging from $24.17 billion to $25.92 billion. For the next year, analysts anticipate that the firm will report sales of $26.29 billion per share, with estimates ranging from $25.33 billion to $26.89 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for CNH Industrial NV.
CNH Industrial NV (NASDAQ:CNHI) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. The firm had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.
Several equities research analysts have recently commented on the stock. Seaport Global Securities upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and boosted their price target for the company from $11.00 to $14.00 in a report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and issued a $11.50 price target on shares of CNH Industrial NV in a report on Friday, July 14th. BidaskClub lowered shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, Zacks Investment Research lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.26.
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A number of hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its stake in CNH Industrial NV by 316.0% in the first quarter. TIAA CREF Investment Management LLC now owns 3,946,143 shares of the company’s stock valued at $38,041,000 after buying an additional 2,997,566 shares during the period. Renaissance Technologies LLC increased its stake in CNH Industrial NV by 1,788.2% in the first quarter. Renaissance Technologies LLC now owns 2,622,720 shares of the company’s stock valued at $25,315,000 after buying an additional 2,483,820 shares during the period. FIL Ltd acquired a new stake in CNH Industrial NV during the first quarter valued at approximately $18,548,000. JPMorgan Chase & Co. increased its stake in CNH Industrial NV by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 3,134,658 shares of the company’s stock valued at $30,220,000 after buying an additional 1,757,598 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in CNH Industrial NV by 17.4% in the first quarter. Gamco Investors INC. ET AL now owns 9,220,787 shares of the company’s stock valued at $88,888,000 after buying an additional 1,366,437 shares during the period.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded up 0.09% during trading on Tuesday, hitting $11.61. 590,550 shares of the company traded hands. The company has a 50 day moving average price of $11.61 and a 200 day moving average price of $10.43. The company has a market capitalization of $15.84 billion and a price-to-earnings ratio of 37.33. CNH Industrial NV has a 52 week low of $6.93 and a 52 week high of $12.13.
CNH Industrial NV announced that its board has authorized a stock repurchase program on Monday, June 5th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
About CNH Industrial NV
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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