$7.83 Billion in Sales Expected for CNH Industrial NV (NYSE:CNHI) This Quarter

Wall Street brokerages predict that CNH Industrial NV (NYSE:CNHI) will post $7.83 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for CNH Industrial’s earnings. The highest sales estimate is $8.24 billion and the lowest is $7.44 billion. CNH Industrial reported sales of $8.05 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.7%. The firm is expected to issue its next earnings results on Thursday, July 25th.

On average, analysts expect that CNH Industrial will report full year sales of $29.07 billion for the current financial year, with estimates ranging from $27.74 billion to $30.00 billion. For the next financial year, analysts expect that the company will post sales of $29.61 billion, with estimates ranging from $28.48 billion to $30.32 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover CNH Industrial.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year.

Several equities analysts have weighed in on CNHI shares. ValuEngine upgraded CNH Industrial from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. TheStreet upgraded CNH Industrial from a “c” rating to a “b” rating in a report on Wednesday, May 15th. Zacks Investment Research upgraded CNH Industrial from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, April 9th. Finally, Deutsche Bank upgraded CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Tuesday, June 18th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.50.

NYSE CNHI opened at $10.18 on Wednesday. CNH Industrial has a fifty-two week low of $8.41 and a fifty-two week high of $12.68. The company’s 50-day moving average is $9.32. 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 $13.66 billion, a price-to-earnings ratio of 12.73 and a beta of 1.27.

Institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of CNH Industrial by 25.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 16,786,786 shares of the company’s stock worth $171,225,000 after acquiring an additional 3,408,301 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of CNH Industrial by 42.8% in the 1st quarter. Clearbridge Investments LLC now owns 2,126,413 shares of the company’s stock worth $21,689,000 after acquiring an additional 637,624 shares in the last quarter. AlphaCrest Capital Management LLC boosted its holdings in shares of CNH Industrial by 164.3% in the 1st quarter. AlphaCrest Capital Management LLC now owns 87,034 shares of the company’s stock worth $888,000 after acquiring an additional 54,100 shares in the last quarter. GAM Holding AG acquired a new position in shares of CNH Industrial in the 1st quarter worth approximately $4,695,000. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of CNH Industrial by 3.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 70,966 shares of the company’s stock worth $722,000 after acquiring an additional 2,478 shares in the last quarter. Institutional investors and hedge funds own 21.02% of the company’s stock.

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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