CNH Industrial NV (CNHI) Expected to Announce Quarterly Sales of $6.93 Billion

Analysts expect CNH Industrial NV (NYSE:CNHI) to report sales of $6.93 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for CNH Industrial’s earnings, with estimates ranging from $6.79 billion to $7.07 billion. CNH Industrial reported sales of $6.63 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The company is expected to report its next earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that CNH Industrial will report full-year sales of $29.92 billion for the current year, with estimates ranging from $28.96 billion to $30.31 billion. For the next financial year, analysts expect that the firm will report sales of $31.42 billion, with estimates ranging from $30.96 billion to $31.76 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Thursday, July 26th. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The firm had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.50 billion. CNH Industrial had a net margin of 2.03% and a return on equity of 20.95%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS.

Several research analysts have weighed in on CNHI shares. ValuEngine raised shares of CNH Industrial from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 25th. Deutsche Bank began coverage on shares of CNH Industrial in a research report on Wednesday, September 5th. They set a “hold” rating and a $158.00 target price on the stock. Zacks Investment Research lowered shares of CNH Industrial from a “hold” rating to a “strong sell” rating in a research report on Monday, July 16th. Bank of America decreased their target price on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. Finally, Seaport Global Securities restated a “buy” rating and set a $15.00 target price on shares of CNH Industrial in a research report on Monday, July 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.85.

CNH Industrial stock opened at $12.25 on Friday. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 25.52 and a beta of 1.06. The company has a current ratio of 5.06, a quick ratio of 3.92 and a debt-to-equity ratio of 5.32. CNH Industrial has a twelve month low of $10.09 and a twelve month high of $15.65.

Several large investors have recently made changes to their positions in CNHI. Amundi Pioneer Asset Management Inc. grew its position in shares of CNH Industrial by 68.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 16,985,512 shares of the company’s stock worth $210,620,000 after purchasing an additional 6,878,364 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of CNH Industrial by 308.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,749,007 shares of the company’s stock worth $83,688,000 after acquiring an additional 5,097,463 shares in the last quarter. Barclays PLC boosted its position in shares of CNH Industrial by 175.3% during the 1st quarter. Barclays PLC now owns 5,157,473 shares of the company’s stock worth $63,953,000 after acquiring an additional 3,284,120 shares in the last quarter. FIL Ltd acquired a new stake in shares of CNH Industrial during the 1st quarter worth approximately $27,306,000. Finally, Marshall Wace LLP acquired a new stake in shares of CNH Industrial during the 2nd quarter worth approximately $14,283,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

CNH Industrial Company Profile

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.

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