CNH Industrial (NYSE:CNH) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

CNH Industrial (NYSE:CNH) announced its quarterly earnings data 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 company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.52 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%.

CNH Industrial Stock Performance

NYSE:CNH opened at $11.56 on Monday. CNH Industrial has a 12 month low of $9.00 and a 12 month high of $14.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 12.23 and a quick ratio of 10.16. The firm has a market capitalization of $14.31 billion, a PE ratio of 46.26 and a beta of 1.23. The business’s fifty day moving average price is $12.55 and its 200 day moving average price is $11.35.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, August 4th. DA Davidson restated a “neutral” rating and issued a $12.00 target price on shares of CNH Industrial in a research report on Wednesday, August 19th. Evercore raised 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 raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, JPMorgan Chase & Co. raised their price objective on CNH Industrial from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.39.

About CNH Industrial

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.