CNH Industrial (NYSE:CNHI) Forecasted to Post Q2 2024 Earnings of $0.41 Per Share

CNH Industrial (NYSE:CNHI) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of CNH Industrial in a research note issued on Tuesday, May 7th. DA Davidson analyst M. Shlisky anticipates that the company will post earnings per share of $0.41 for the quarter. DA Davidson has a “Neutral” rating and a $13.00 price objective on the stock. The consensus estimate for CNH Industrial’s current full-year earnings is $1.53 per share. DA Davidson also issued estimates for CNH Industrial’s FY2025 earnings at $1.64 EPS.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the previous year, the company earned $0.35 earnings per share. CNH Industrial’s quarterly revenue was down 9.8% on a year-over-year basis.

A number of other equities analysts also recently commented on CNHI. Robert W. Baird lifted their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Oppenheimer reaffirmed a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. Truist Financial lowered their price objective on shares of CNH Industrial from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Monday. Bank of America reissued a “neutral” rating on shares of CNH Industrial in a report on Monday, April 22nd. Finally, StockNews.com downgraded CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CNH Industrial presently has a consensus rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Price Performance

Shares of NYSE CNHI opened at $11.91 on Wednesday. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 6.96 and a beta of 1.66. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74. The business has a 50 day simple moving average of $12.25 and a 200-day simple moving average of $11.73.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Arizona State Retirement System bought a new position in CNH Industrial in the 4th quarter valued at about $3,429,000. Daiwa Securities Group Inc. bought a new position in shares of CNH Industrial in the fourth quarter valued at approximately $822,000. Jump Financial LLC increased its stake in shares of CNH Industrial by 40.3% during the third quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock valued at $2,546,000 after acquiring an additional 60,398 shares during the period. Vanguard Group Inc. raised its holdings in CNH Industrial by 38.9% during the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after purchasing an additional 14,348,475 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in CNH Industrial by 62.4% during the 4th quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock valued at $4,184,000 after purchasing an additional 131,965 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a dividend of $0.47 per share. This represents a yield of 3.71%. The ex-dividend date is Friday, May 10th. This is a positive change from CNH Industrial’s previous annual dividend of $0.39.

About CNH Industrial

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.