CNH Industrial (CNHI) Scheduled to Post Quarterly Earnings on Thursday

CNH Industrial (NYSE:CNHI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.26 per share for the quarter. CNH Industrial has set its FY24 guidance at $1.50-1.60 EPS and its FY 2024 guidance at 1.500-1.600 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. During the same period in the prior year, the business earned $0.36 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts expect CNH Industrial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CNH Industrial Stock Down 1.6 %

Shares of NYSE CNHI opened at $11.40 on Thursday. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. The firm has a market capitalization of $14.32 billion, a PE ratio of 6.51 and a beta of 1.65. The firm has a fifty day simple moving average of $12.36 and a two-hundred day simple moving average of $11.74.

CNH Industrial Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be given a $0.47 dividend. 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. This represents a dividend yield of 3.71%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNHI. DA Davidson began coverage on shares of CNH Industrial in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. Bank of America reaffirmed a “neutral” rating on shares of CNH Industrial in a research report on Monday. Robert W. Baird upped their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. The Goldman Sachs Group raised shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, January 17th. Finally, Morgan Stanley initiated coverage on shares of CNH Industrial in a research report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 target price on the stock. One equities research 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’s stock. According to data from MarketBeat, CNH Industrial has an average rating of “Hold” and a consensus target price of $15.20.

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.