Posted by Defense World Staff on Mar 9th, 2024
CNH Industrial (NYSE:CNHI – Free Report) – Stock analysts at Zacks Research reduced their Q1 2024 EPS estimates for CNH Industrial in a research report issued on Wednesday, March 6th. Zacks Research analyst L. Shahu now anticipates that the company will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.31. The consensus estimate for CNH Industrial’s current full-year earnings is $1.57 per share. Zacks Research also issued estimates for CNH Industrial’s Q2 2024 earnings at $0.44 EPS, Q3 2024 earnings at $0.40 EPS, Q4 2024 earnings at $0.41 EPS, FY2024 earnings at $1.51 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.54 EPS and FY2026 earnings at $1.66 EPS.
CNH Industrial (NYSE:CNHI – Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share.
A number of other equities analysts also recently commented on CNHI. StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. DA Davidson began coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 price objective for the company. UBS Group decreased their price objective on shares of CNH Industrial from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 24th. Robert W. Baird upped their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.99.
View Our Latest Report on CNHI
CNH Industrial Stock Performance
Shares of CNHI stock opened at $11.85 on Friday. 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 firm has a fifty day moving average price of $11.97 and a 200 day moving average price of $11.84. The company has a market cap of $14.89 billion, a P/E ratio of 6.77 and a beta of 1.64. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $16.55.
Institutional Investors Weigh In On CNH Industrial
Institutional investors and hedge funds have recently made changes to their positions in the business. Jump Financial LLC raised its holdings in shares of CNH Industrial by 40.3% in the third quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock valued at $2,546,000 after buying an additional 60,398 shares during the last quarter. Bank of Nova Scotia purchased a new position in CNH Industrial during the third quarter worth about $1,928,000. Barclays PLC raised its holdings in CNH Industrial by 79.0% during the third quarter. Barclays PLC now owns 2,451,731 shares of the company’s stock worth $29,667,000 after purchasing an additional 1,082,112 shares in the last quarter. Northern Trust Corp raised its holdings in CNH Industrial by 368.4% during the second quarter. Northern Trust Corp now owns 1,999,637 shares of the company’s stock worth $28,795,000 after purchasing an additional 1,572,687 shares in the last quarter. Finally, PDT Partners LLC raised its holdings in CNH Industrial by 863.3% during the second quarter. PDT Partners LLC now owns 504,992 shares of the company’s stock worth $7,277,000 after purchasing an additional 452,570 shares in the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.
CNH Industrial Company Profile
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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