CNH Industrial (NYSE:CNH) Announces Earnings Results, Beats Estimates By $0.08 EPS

CNH Industrial (NYSE:CNH) announced its quarterly earnings data on Tuesday. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08, FiscalAI reports. CNH Industrial had a net margin of 3.35% and a return on equity of 8.32%.

CNH Industrial Price Performance

Shares of NYSE:CNH opened at $12.76 on Tuesday. The company has a market capitalization of $15.91 billion, a P/E ratio of 27.16 and a beta of 1.29. CNH Industrial has a 1-year low of $9.00 and a 1-year high of $14.27. The firm’s 50 day simple moving average is $10.54 and its two-hundred day simple moving average is $10.74. The company has a debt-to-equity ratio of 3.49, a current ratio of 13.01 and a quick ratio of 10.82.

Institutional Investors Weigh In On CNH Industrial

A number of institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of CNH Industrial in the fourth quarter valued at about $89,964,000. Dimensional Fund Advisors LP grew its position in shares of CNH Industrial by 45.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 26,824,753 shares of the company’s stock worth $247,338,000 after purchasing an additional 8,332,615 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in CNH Industrial by 17.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 26,070,783 shares of the company’s stock valued at $282,868,000 after purchasing an additional 3,841,999 shares during the period. BNP Paribas Financial Markets lifted its holdings in CNH Industrial by 323.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,776,930 shares of the company’s stock worth $61,909,000 after purchasing an additional 3,647,517 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in CNH Industrial by 50.3% in the 4th quarter. Schroder Investment Management Group now owns 6,070,786 shares of the company’s stock worth $56,701,000 after purchasing an additional 2,032,499 shares during the period. Hedge funds and other institutional investors own 59.88% of the company’s stock.

Wall Street Analyst Weigh In

CNH has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of CNH Industrial from $14.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, December 22nd. JPMorgan Chase & Co. downgraded CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a research note on Friday, November 28th. UBS Group lowered their price target on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Truist Financial set a $12.00 price objective on CNH Industrial in a research report on Wednesday, January 14th. Finally, iA Financial set a $13.00 price objective on CNH Industrial in a report on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and a consensus target price of $12.97.

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.