CNH Industrial NV (NASDAQ:CNHI) to Post Q2 2018 Earnings of $0.20 Per Share, Seaport Global Securities Forecasts

CNH Industrial NV (NASDAQ:CNHI) – Research analysts at Seaport Global Securities dropped their Q2 2018 earnings per share estimates for CNH Industrial NV in a research report issued on Wednesday. Seaport Global Securities analyst M. Shlisky now anticipates that the company will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.22. Seaport Global Securities currently has a “Buy” rating and a $14.00 target price on the stock. Seaport Global Securities also issued estimates for CNH Industrial NV’s Q3 2018 earnings at $0.10 EPS.

A number of other brokerages also recently commented on CNHI. Stifel Nicolaus reaffirmed a “hold” rating and set a $11.50 price objective on shares of CNH Industrial NV in a research report on Friday, July 14th. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Bank of America Corp raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research downgraded shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $10.00 price objective on shares of CNH Industrial NV in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.26.

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Shares of CNH Industrial NV (CNHI) remained flat at $11.52 during trading on Monday. 444,872 shares of the company’s stock traded hands. CNH Industrial NV has a 52 week low of $6.77 and a 52 week high of $12.13. The firm has a market capitalization of $15.71 billion and a price-to-earnings ratio of 37.04. The firm’s 50-day moving average is $11.60 and its 200 day moving average is $10.41.

CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.07 billion. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. CNH Industrial NV’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS.

A number of hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in CNH Industrial NV by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after buying an additional 199 shares in the last quarter. Comerica Bank increased its stake in CNH Industrial NV by 1.3% in the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock valued at $820,000 after buying an additional 986 shares in the last quarter. World Asset Management Inc increased its stake in CNH Industrial NV by 1.5% in the first quarter. World Asset Management Inc now owns 82,723 shares of the company’s stock valued at $797,000 after buying an additional 1,232 shares in the last quarter. First Trust Advisors LP increased its stake in CNH Industrial NV by 8.4% in the first quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after buying an additional 1,329 shares in the last quarter. Finally, US Bancorp DE increased its stake in CNH Industrial NV by 9.6% in the second quarter. US Bancorp DE now owns 15,949 shares of the company’s stock valued at $182,000 after buying an additional 1,395 shares in the last quarter.

CNH Industrial NV announced that its board has approved a stock buyback program on Monday, June 5th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

CNH Industrial NV Company Profile

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

Earnings History and Estimates for CNH Industrial NV (NASDAQ:CNHI)

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