CNH Industrial NV (NASDAQ:CNHI) Issues FY17 Earnings Guidance

CNH Industrial NV (NASDAQ:CNHI) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.40.

Shares of CNH Industrial NV (NASDAQ CNHI) opened at 11.61 on Monday. CNH Industrial NV has a 52-week low of $6.93 and a 52-week high of $12.13. The stock has a market cap of $15.84 billion and a PE ratio of 37.33. The company’s 50 day moving average price is $11.61 and its 200 day moving average price is $10.43.

CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. The firm had revenue of $6.95 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the business earned $0.10 EPS. CNH Industrial NV’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts anticipate that CNH Industrial NV will post $0.45 earnings per share for the current year.

CNH Industrial NV declared that its Board of Directors has authorized a stock buyback plan on Monday, June 5th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to reacquire up to 2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Several equities analysts recently weighed in on the company. Seaport Global Securities upgraded CNH Industrial NV from a neutral rating to a buy rating and lifted their price target for the company from $11.00 to $14.00 in a research note 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 research note on Friday, July 14th. BidaskClub lowered CNH Industrial NV from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Bank of America Corporation upgraded CNH Industrial NV from a neutral rating to a buy rating in a research note on Monday, June 19th. Finally, Zacks Investment Research lowered CNH Industrial NV from a buy rating to a hold rating in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. CNH Industrial NV currently has a consensus rating of Hold and an average target price of $11.26.

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CNH Industrial NV Company Profile

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.