CNH Industrial NV (CNHI) Expected to Post Quarterly Sales of $6.90 Billion

Equities research analysts expect CNH Industrial NV (NYSE:CNHI) to report $6.90 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for CNH Industrial’s earnings, with the lowest sales estimate coming in at $6.79 billion and the highest estimate coming in at $7.05 billion. CNH Industrial posted sales of $6.63 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The business is scheduled to report its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that CNH Industrial will report full year sales of $29.86 billion for the current year, with estimates ranging from $28.96 billion to $30.31 billion. For the next year, analysts anticipate that the business will report sales of $31.52 billion per share, with estimates ranging from $30.96 billion to $31.76 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow CNH Industrial.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07. The firm had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $7.50 billion. CNH Industrial had a return on equity of 20.95% and a net margin of 2.03%. CNH Industrial’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share.

Several equities analysts recently issued reports on CNHI shares. Bank of America reduced their price objective on CNH Industrial from $16.50 to $15.00 and set a “buy” rating for the company in a report on Tuesday, April 17th. Stifel Nicolaus reduced their price objective on CNH Industrial from $14.00 to $13.00 and set a “hold” rating for the company in a report on Monday, July 30th. Zacks Investment Research raised CNH Industrial from a “sell” rating to a “hold” rating and set a $13.00 price target for the company in a report on Monday, July 30th. Seaport Global Securities reissued a “buy” rating and issued a $15.00 price target on shares of CNH Industrial in a report on Monday, July 23rd. Finally, ValuEngine raised CNH Industrial from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CNH Industrial presently has an average rating of “Buy” and an average price target of $14.65.

CNHI stock traded down $0.04 during midday trading on Wednesday, hitting $11.38. 1,432,800 shares of the stock were exchanged, compared to its average volume of 1,985,545. The stock has a market cap of $15.56 billion, a PE ratio of 23.60 and a beta of 1.06. CNH Industrial has a fifty-two week low of $10.09 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 5.32, a quick ratio of 3.92 and a current ratio of 5.06.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new stake in shares of CNH Industrial in the fourth quarter valued at $122,000. Wells Fargo & Company MN grew its position in shares of CNH Industrial by 34.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock valued at $203,000 after purchasing an additional 3,845 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of CNH Industrial in the second quarter valued at $171,000. ETRADE Capital Management LLC purchased a new stake in shares of CNH Industrial in the first quarter valued at $220,000. Finally, LPL Financial LLC grew its position in shares of CNH Industrial by 34.2% in the fourth quarter. LPL Financial LLC now owns 23,217 shares of the company’s stock valued at $311,000 after purchasing an additional 5,917 shares during the period. 19.17% of the stock is owned by institutional investors.

About CNH Industrial

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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