CNH Industrial (NYSE:CNHI) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

CNH Industrial (NYSE:CNHI) posted its earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07, Briefing.com reports. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue was down 9.8% on a year-over-year basis. CNH Industrial updated its FY24 guidance to $1.45-$1.55 EPS.

CNH Industrial Price Performance

Shares of CNH Industrial stock traded down $0.20 on Friday, hitting $11.48. The company’s stock had a trading volume of 9,092,978 shares, compared to its average volume of 11,575,719. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The firm has a fifty day moving average price of $12.26 and a 200-day moving average price of $11.72. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. The company has a market capitalization of $14.42 billion, a P/E ratio of 6.72 and a beta of 1.66.

CNH Industrial Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.47 per share. This represents a dividend yield of 3.71%. The ex-dividend date is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, January 17th. Oppenheimer reissued a “market perform” rating on shares of CNH Industrial in a report on Tuesday, April 16th. Evercore ISI lifted their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Truist Financial assumed coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, DA Davidson assumed coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.27.

CNH Industrial Company Profile

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.