CNH Industrial (CNHI) Issues Quarterly Earnings Results

CNH Industrial (NYSE:CNHI) posted its quarterly earnings results on Wednesday. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03, Briefing.com reports. CNH Industrial had a net margin of 2.03% and a return on equity of 20.95%. The company had revenue of $6.69 billion during the quarter, compared to analysts’ expectations of $7.04 billion. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was up .0% on a year-over-year basis. CNH Industrial updated its FY18 guidance to $0.67-0.71 EPS.

CNH Industrial stock traded down $0.12 during trading hours on Wednesday, reaching $10.49. 149,138 shares of the stock were exchanged, compared to its average volume of 1,488,129. The company has a market cap of $14.73 billion, a P/E ratio of 21.77 and a beta of 1.22. The company has a debt-to-equity ratio of 5.32, a quick ratio of 3.92 and a current ratio of 5.06. CNH Industrial has a 52-week low of $9.67 and a 52-week high of $15.65.

Institutional investors have recently made changes to their positions in the business. Thornburg Investment Management Inc. purchased a new position in shares of CNH Industrial in the 3rd quarter valued at about $10,276,000. Gabelli Funds LLC increased its holdings in shares of CNH Industrial by 7.2% in the 3rd quarter. Gabelli Funds LLC now owns 6,118,754 shares of the company’s stock valued at $73,486,000 after purchasing an additional 409,300 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of CNH Industrial in the 3rd quarter valued at about $216,000. Gamco Investors INC. ET AL increased its holdings in shares of CNH Industrial by 10.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 12,750,556 shares of the company’s stock valued at $153,134,000 after purchasing an additional 1,227,783 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of CNH Industrial in the 3rd quarter valued at about $135,000. Institutional investors own 18.92% of the company’s stock.

Several brokerages have recently issued reports on CNHI. TheStreet upgraded shares of CNH Industrial from a “d+” rating to a “c” rating in a report on Friday, August 17th. Zacks Investment Research upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a report on Monday, July 30th. Stifel Nicolaus lowered their target price on shares of CNH Industrial from $14.00 to $13.00 and set a “hold” rating for the company in a report on Monday, July 30th. Seaport Global Securities reiterated a “buy” rating and set a $15.00 price target on shares of CNH Industrial in a research note on Monday, July 23rd. Finally, ValuEngine cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.70.

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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.

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Earnings History for CNH Industrial (NYSE:CNHI)

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