CNH Industrial (NYSE:CNHI – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07, Briefing.com reports. 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 for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. CNH Industrial updated its FY24 guidance to $1.45-$1.55 EPS.
CNH Industrial Trading Down 1.7 %
Shares of CNHI traded down $0.20 during mid-day trading on Friday, reaching $11.48. The company had a trading volume of 9,092,978 shares, compared to its average volume of 11,575,719. CNH Industrial has a fifty-two week low of $9.77 and a fifty-two week high of $15.74. The firm has a fifty day simple moving average of $12.26 and a 200-day simple moving average of $11.72. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 6.72 and a beta of 1.66. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34.
CNH Industrial Increases Dividend
The business also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be given a dividend of $0.47 per share. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date of this dividend is Friday, May 10th. This represents a yield of 3.71%.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on CNHI
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.
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