CNH Industrial (NYSE:CNH) Announces Quarterly Earnings Results

CNH Industrial (NYSE:CNH) announced its quarterly earnings data on Friday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.05), Zacks reports. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. CNH Industrial’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. CNH Industrial updated its FY 2025 guidance to 0.440-0.50 EPS.

CNH Industrial Stock Down 6.0%

NYSE:CNH traded down $0.61 on Friday, hitting $9.65. The stock had a trading volume of 35,861,290 shares, compared to its average volume of 16,447,439. CNH Industrial has a 1 year low of $9.00 and a 1 year high of $14.27. The firm’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $12.04. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The stock has a market cap of $12.07 billion, a P/E ratio of 14.84 and a beta of 1.52.

Institutional Trading of CNH Industrial

A number of hedge funds have recently bought and sold shares of CNH. Transamerica Financial Advisors LLC grew its stake in CNH Industrial by 923.2% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock valued at $47,000 after purchasing an additional 3,296 shares during the period. Headlands Technologies LLC bought a new position in CNH Industrial during the second quarter valued at about $61,000. Canada Pension Plan Investment Board purchased a new stake in CNH Industrial during the second quarter worth about $88,000. EverSource Wealth Advisors LLC raised its position in CNH Industrial by 56.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,206 shares of the company’s stock worth $106,000 after acquiring an additional 2,970 shares during the period. Finally, Boothbay Fund Management LLC purchased a new position in CNH Industrial in the second quarter valued at about $140,000. 59.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNH. Oppenheimer decreased their price objective on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Truist Financial decreased their price target on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Raymond James Financial lowered their price objective on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of CNH Industrial in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, CNH Industrial currently has a consensus rating of “Moderate Buy” and an average target price of $14.65.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.