CNH Industrial (NYSE:CNHI) Updates FY19 Earnings Guidance

CNH Industrial (NYSE:CNHI) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.84-0.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.86.

CNHI stock opened at $10.11 on Thursday. The business’s 50-day simple moving average is $10.24. The company has a current ratio of 5.33, a quick ratio of 4.03 and a debt-to-equity ratio of 4.42. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 12.64 and a beta of 1.38. CNH Industrial has a 1-year low of $8.41 and a 1-year high of $12.68.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.76 billion. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. On average, sell-side analysts expect that CNH Industrial will post 0.86 earnings per share for the current year.

Several research firms have issued reports on CNHI. TheStreet raised CNH Industrial from a c rating to a b rating in a research note on Wednesday, May 15th. Deutsche Bank raised CNH Industrial from a sell rating to a hold rating and set a $10.00 price target on the stock in a research note on Tuesday, June 18th. Zacks Investment Research downgraded CNH Industrial from a buy rating to a hold rating in a research note on Tuesday, April 16th. Finally, ValuEngine downgraded CNH Industrial from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $11.50.

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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