Brokerages forecast that CNH Industrial NV (NASDAQ:CNHI) will post $0.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CNH Industrial NV’s earnings, with estimates ranging from $0.06 to $0.08. CNH Industrial NV reported earnings of $0.05 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The business is scheduled to issue its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that CNH Industrial NV will report full year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.50. For the next year, analysts expect that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.55 to $0.68. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow CNH Industrial NV.

CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The business had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company posted $0.10 EPS. The business’s revenue was up 2.9% on a year-over-year basis.

CNHI has been the topic of several recent analyst reports. BidaskClub raised shares of CNH Industrial NV from a “hold” rating to a “buy” rating in a research note on Wednesday. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. Deutsche Bank AG reissued a “hold” rating and set a $10.00 price objective on shares of CNH Industrial NV in a research note on Tuesday, July 4th. Zacks Investment Research raised shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Bank of America Corporation raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.26.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in CNH Industrial NV by 4.3% during the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after purchasing an additional 415 shares during the period. Ameriprise Financial Inc. raised its stake in CNH Industrial NV by 1.6% during the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after purchasing an additional 199 shares during the period. FMR LLC raised its stake in CNH Industrial NV by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after purchasing an additional 1,500 shares during the period. Ballentine Partners LLC purchased a new position in CNH Industrial NV during the second quarter worth approximately $136,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in CNH Industrial NV during the second quarter worth approximately $158,000.

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CNH Industrial NV (NASDAQ CNHI) opened at 11.98 on Friday. The stock has a market capitalization of $16.34 billion and a price-to-earnings ratio of 38.65. CNH Industrial NV has a 1-year low of $6.93 and a 1-year high of $12.13. The firm has a 50-day moving average of $11.41 and a 200-day moving average of $10.93.

CNH Industrial NV declared that its Board of Directors has initiated a stock repurchase plan on Monday, June 5th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

About CNH Industrial NV

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

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Earnings History and Estimates for CNH Industrial NV (NASDAQ:CNHI)

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