CNH Industrial (NYSE:CNHI) Posts Earnings Results, Beats Expectations By $0.07 EPS

CNH Industrial (NYSE:CNHI - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07, Briefing.com reports. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The company had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the previous year, the firm earned $0.35 EPS. The firm's revenue was down 9.8% compared to the same quarter last year. CNH Industrial updated its FY24 guidance to $1.45-$1.55 EPS.

CNH Industrial Trading Down 1.7 %

Shares of CNHI stock traded down $0.20 on Friday, reaching $11.48. 9,092,978 shares of the company's stock were exchanged, compared to its average volume of 11,575,719. The company's fifty day simple moving average is $12.26 and its 200 day simple moving average is $11.72. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The stock has a market capitalization of $14.42 billion, a PE ratio of 6.71 and a beta of 1.66.

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 paid a dividend of $0.47 per share. This is a boost from CNH Industrial's previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. This represents a dividend yield of 3.71%. CNH Industrial's dividend payout ratio is currently 27.49%.

Analyst Upgrades and Downgrades

CNHI has been the topic of several research analyst reports. Morgan Stanley started coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an "equal weight" rating and a $12.70 price target on the stock. StockNews.com cut CNH Industrial from a "hold" rating to a "sell" rating in a report on Thursday, April 11th. The Goldman Sachs Group raised CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 price objective on the stock in a report on Wednesday, January 17th. Evercore ISI raised their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the company an "in-line" rating in a report on Tuesday, February 20th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of CNH Industrial in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $15.27.

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.