CNH Industrial (NYSE:CNH) Announces Earnings Results

CNH Industrial (NYSE:CNH) released its quarterly earnings data on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03, FiscalAI reports. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.77 billion. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.

CNH Industrial Price Performance

Shares of CNH stock opened at $10.28 on Monday. CNH Industrial has a 52 week low of $9.00 and a 52 week high of $13.31. The stock has a market capitalization of $12.74 billion, a PE ratio of 33.15, a PEG ratio of 1.96 and a beta of 1.15. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. The stock’s fifty day moving average is $10.60 and its 200-day moving average is $10.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its position in CNH Industrial by 12.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company’s stock valued at $198,000 after acquiring an additional 1,772 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CNH Industrial by 70.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,268,436 shares of the company’s stock worth $27,856,000 after purchasing an additional 938,035 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CNH Industrial by 56.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,206 shares of the company’s stock valued at $106,000 after purchasing an additional 2,970 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of CNH Industrial by 29.8% during the second quarter. Federated Hermes Inc. now owns 107,456 shares of the company’s stock valued at $1,393,000 after purchasing an additional 24,669 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of CNH Industrial by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company’s stock valued at $2,344,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CNH shares. JPMorgan Chase & Co. upped their target price on shares of CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Evercore set a $12.25 price target on shares of CNH Industrial in a research report on Monday, May 11th. Citigroup upped their price objective on shares of CNH Industrial from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. DA Davidson reaffirmed a “neutral” rating and set a $12.00 price objective on shares of CNH Industrial in a report on Monday, May 4th. Finally, Sanford C. Bernstein began coverage on shares of CNH Industrial in a report on Thursday, May 7th. They set a “market perform” rating and a $11.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CNH Industrial has a consensus rating of “Hold” and an average target price of $12.77.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.