Q2 2024 Earnings Forecast for CNH Industrial (NYSE:CNHI) Issued By DA Davidson

CNH Industrial (NYSE:CNHI) – Analysts at DA Davidson issued their Q2 2024 EPS estimates for CNH Industrial in a note issued to investors on Tuesday, May 7th. DA Davidson analyst M. Shlisky anticipates that the company will earn $0.41 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $13.00 target price on the stock. The consensus estimate for CNH Industrial’s current full-year earnings is $1.53 per share. DA Davidson also issued estimates for CNH Industrial’s FY2025 earnings at $1.64 EPS.

Several other equities research analysts have also recently weighed in on the company. StockNews.com cut CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Truist Financial reduced their price target on CNH Industrial from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday. The Goldman Sachs Group raised CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, January 17th. Evercore ISI boosted their target price on CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. dropped their target price on CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Price Performance

Shares of CNHI stock opened at $11.80 on Wednesday. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 6.90 and a beta of 1.66. The business’s fifty day moving average is $12.24 and its 200 day moving average is $11.73. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. 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 during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue was down 9.8% compared to the same quarter last year.

Hedge Funds Weigh In On CNH Industrial

Several hedge funds and other institutional investors have recently modified their holdings of the company. SRS Capital Advisors Inc. purchased a new position in shares of CNH Industrial during the 4th quarter worth $25,000. Salem Investment Counselors Inc. bought a new position in CNH Industrial in the 1st quarter worth $26,000. Larson Financial Group LLC lifted its position in CNH Industrial by 566.0% during the first quarter. Larson Financial Group LLC now owns 2,118 shares of the company’s stock valued at $27,000 after purchasing an additional 1,800 shares in the last quarter. Alta Advisers Ltd bought a new stake in CNH Industrial during the third quarter valued at about $40,000. Finally, Hartford Financial Management Inc. increased its position in CNH Industrial by 210.0% in the first quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company’s stock worth $40,000 after buying an additional 2,100 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

CNH Industrial Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a $0.47 dividend. This represents a yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39. CNH Industrial’s payout ratio is 27.49%.

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.