CNH Industrial (NYSE:CNH) Announces Earnings Results, Beats Expectations By $0.06 EPS

CNH Industrial (NYSE:CNH) announced its quarterly earnings results on Monday. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06, FiscalAI reports. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.52 billion. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%.

CNH Industrial Trading Up 0.0%

NYSE CNH opened at $11.56 on Monday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The firm has a market cap of $14.31 billion, a PE ratio of 46.26 and a beta of 1.23. CNH Industrial has a one year low of $9.00 and a one year high of $14.46. The firm’s fifty day moving average is $12.55 and its two-hundred day moving average is $11.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNH. Sanford C. Bernstein reiterated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on CNH Industrial from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, October 8th. Evercore upgraded CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Wednesday, September 2nd. Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Finally, Robert W. Baird upgraded CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a research note on Monday, August 31st. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CNH Industrial has a consensus rating of “Hold” and a consensus target price of $13.39.

CNH Industrial Company Profile

CNH Industrial is a global manufacturer of agricultural and construction equipment. Its agricultural brands include Case IH, New Holland Agriculture and STEYR, which offer products such as tractors, combines, harvesters, sprayers and hay tools. Its construction equipment brands include CASE Construction Equipment and New Holland Construction, with machinery such as excavators, loaders and graders.

The company also provides parts, equipment support and precision technology designed to help customers manage machinery and improve productivity.