$6.62 Billion in Sales Expected for CNH Industrial (NYSE:CNHI) This Quarter

Analysts forecast that CNH Industrial (NYSE:CNHI) will announce $6.62 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for CNH Industrial’s earnings, with the lowest sales estimate coming in at $5.85 billion and the highest estimate coming in at $7.34 billion. CNH Industrial posted sales of $5.46 billion in the same quarter last year, which would indicate a positive year over year growth rate of 21.2%. The firm is expected to issue its next earnings results on Wednesday, May 5th.

On average, analysts expect that CNH Industrial will report full-year sales of $28.64 billion for the current financial year, with estimates ranging from $26.49 billion to $29.80 billion. For the next financial year, analysts anticipate that the business will post sales of $29.95 billion, with estimates ranging from $27.93 billion to $31.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for CNH Industrial.

CNH Industrial (NYSE:CNHI) last released its earnings results on Tuesday, February 2nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.15. The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $7.51 billion. CNH Industrial had a positive return on equity of 4.68% and a negative net margin of 2.15%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS.

Several equities research analysts have commented on CNHI shares. Stifel Nicolaus boosted their target price on CNH Industrial from $9.50 to $12.00 and gave the company a “hold” rating in a research note on Tuesday, December 15th. Vertical Research upgraded CNH Industrial from a “hold” rating to a “buy” rating in a research note on Thursday, February 4th. Citigroup assumed coverage on CNH Industrial in a research note on Thursday, February 18th. They set a “buy” rating and a $19.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded CNH Industrial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $16.00 in a research note on Monday, December 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut CNH Industrial from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research note on Monday, February 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.50.

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in shares of CNH Industrial during the 3rd quarter worth approximately $38,000. Toroso Investments LLC acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $1,794,000. Aviva PLC increased its holdings in shares of CNH Industrial by 74.8% during the 4th quarter. Aviva PLC now owns 1,316,689 shares of the company’s stock worth $16,680,000 after acquiring an additional 563,395 shares during the last quarter. NEXT Financial Group Inc acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $114,000. Finally, Advisor Partners LLC acquired a new position in shares of CNH Industrial during the 4th quarter worth approximately $206,000. 21.73% of the stock is currently owned by institutional investors and hedge funds.

NYSE CNHI traded up $0.02 during trading on Monday, hitting $15.75. The stock had a trading volume of 103,701 shares, compared to its average volume of 2,531,017. The company has a market capitalization of $21.32 billion, a PE ratio of -38.36 and a beta of 1.69. The company’s 50-day moving average price is $15.30 and its two-hundred day moving average price is $12.05. The company has a debt-to-equity ratio of 5.14, a quick ratio of 4.82 and a current ratio of 6.14. CNH Industrial has a 12 month low of $5.26 and a 12 month high of $16.14.

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 5th. Investors of record on Tuesday, April 20th will be issued a dividend of $0.131 per share. The ex-dividend date is Monday, April 19th. This is a positive change from CNH Industrial’s previous annual dividend of $0.12. This represents a dividend yield of 0.83%.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, specialty vehicles, and powertrain products in North America, Europe, South America, and internationally. The company's Agriculture segment offers farm machinery and implements, including two- and four-wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment under the New Holland Agriculture, Case IH, STEYR, Miller, Kongskilde, Ã-verum, and JF brands.

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