CNH Industrial (NYSE:CNH) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

CNH Industrial (NYSE:CNH) released its quarterly earnings data on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06, FiscalAI reports. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.52 billion.

CNH Industrial Price Performance

Shares of CNH opened at $11.56 on Monday. The firm has a market cap of $14.31 billion, a PE ratio of 46.26 and a beta of 1.23. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. The firm has a fifty day simple moving average of $12.55 and a two-hundred day simple moving average of $11.35. CNH Industrial has a 1-year low of $9.00 and a 1-year high of $14.46.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CNH shares. JPMorgan Chase & Co. boosted their price target on CNH Industrial from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, October 8th. Robert W. Baird raised CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research report on Monday, August 31st. Evercore upgraded CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Wednesday, September 2nd. Citigroup lifted their price objective on CNH Industrial from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, BMO Capital Markets boosted their target price on CNH Industrial from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.