CNH Industrial (NYSE:CNHI) announced its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05, MarketWatch Earnings reports. CNH Industrial had a return on equity of 5.57% and a net margin of 4.13%. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $4.33 billion.
NYSE CNHI traded down $0.47 during trading hours on Friday, hitting $6.79. 2,256,115 shares of the company’s stock were exchanged, compared to its average volume of 1,350,124. The business’s 50 day moving average is $7.07 and its 200-day moving average is $7.46. CNH Industrial has a 12-month low of $5.06 and a 12-month high of $11.99. The firm has a market capitalization of $9.17 billion, a P/E ratio of 29.52 and a beta of 1.50. The company has a debt-to-equity ratio of 4.18, a quick ratio of 4.61 and a current ratio of 6.13.
Several brokerages have recently issued reports on CNHI. JPMorgan Chase & Co. upped their price objective on CNH Industrial from $6.50 to $8.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Zacks Investment Research upgraded CNH Industrial from a “sell” rating to a “hold” rating and set a $7.50 price objective on the stock in a research report on Wednesday, July 1st. Bank of America downgraded CNH Industrial from a “neutral” rating to an “underperform” rating and set a $5.50 price objective on the stock. in a research report on Monday, April 13th. Kepler Capital Markets downgraded CNH Industrial to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Thursday, July 9th. Finally, Deutsche Bank began coverage on CNH Industrial in a research report on Tuesday, June 30th. They issued a “hold” rating and a $7.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.25.
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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