CNH Industrial (CNHI) Set to Announce Quarterly Earnings on Wednesday

CNH Industrial (NYSE:CNHIGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect CNH Industrial to post earnings of $0.41 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

CNH Industrial (NYSE:CNHIGet Free Report) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. CNH Industrial had a return on equity of 29.90% and a net margin of 9.45%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period last year, the company earned $0.41 earnings per share. CNH Industrial’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect CNH Industrial to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CNH Industrial Stock Up 2.2 %

Shares of CNHI opened at $12.42 on Wednesday. The company has a current ratio of 8.36, a quick ratio of 6.72 and a debt-to-equity ratio of 3.10. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $17.06. The stock’s 50 day moving average is $11.70 and its two-hundred day moving average is $12.15. The firm has a market cap of $16.52 billion, a P/E ratio of 7.22, a PEG ratio of 3.48 and a beta of 1.66.

Hedge Funds Weigh In On CNH Industrial

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in CNH Industrial by 410.5% in the second quarter. BlackRock Inc. now owns 20,936,974 shares of the company’s stock valued at $301,492,000 after purchasing an additional 16,835,827 shares during the period. Norges Bank acquired a new stake in shares of CNH Industrial in the fourth quarter valued at $265,843,000. State Street Corp grew its stake in shares of CNH Industrial by 356.7% in the second quarter. State Street Corp now owns 11,305,694 shares of the company’s stock valued at $162,802,000 after buying an additional 8,830,054 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of CNH Industrial by 379.1% in the first quarter. Wellington Management Group LLP now owns 9,451,209 shares of the company’s stock valued at $151,374,000 after buying an additional 7,478,640 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of CNH Industrial by 560.7% in the fourth quarter. Millennium Management LLC now owns 8,381,120 shares of the company’s stock valued at $134,600,000 after buying an additional 7,112,598 shares in the last quarter. Hedge funds and other institutional investors own 39.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America dropped their price objective on CNH Industrial from $17.00 to $14.00 in a report on Wednesday, October 11th. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, January 17th. Oppenheimer downgraded CNH Industrial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Citigroup decreased their target price on CNH Industrial from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Finally, DA Davidson initiated coverage on CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.07.

Check Out Our Latest Stock Report on CNH Industrial

About CNH Industrial

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CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.

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Earnings History for CNH Industrial (NYSE:CNHI)

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