CNH Industrial (NYSE:CNHI - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.450-1.550 for the period, compared to the consensus earnings per share estimate of 1.540. The company issued revenue guidance of -.
CNH Industrial Price Performance
CNHI stock traded down $0.20 during midday trading on Friday, reaching $11.49. 9,092,739 shares of the company's stock traded hands, compared to its average volume of 12,092,861. The company has a 50-day simple moving average of $12.26 and a two-hundred day simple moving average of $11.72. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 6.56 and a beta of 1.66. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74.
CNH Industrial (NYSE:CNHI - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the business earned $0.35 earnings per share. CNH Industrial's quarterly revenue was down 9.8% on a year-over-year basis. On average, analysts anticipate that CNH Industrial will post 1.56 earnings per share for the current year.
CNH Industrial Increases Dividend
The company also recently declared 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 represents a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from CNH Industrial's previous annual dividend of $0.39.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Evercore ISI increased their price target on CNH Industrial from $11.50 to $13.00 and gave the company an in-line rating in a research note on Tuesday, February 20th. Truist Financial assumed coverage on shares of CNH Industrial in a report on Thursday, March 14th. They set a buy rating and a $18.00 price objective for the company. StockNews.com lowered shares of CNH Industrial from a hold rating to a sell rating in a report on Thursday, April 11th. DA Davidson began coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They issued a neutral rating and a $13.00 price target for the company. Finally, Robert W. Baird raised their price objective on CNH Industrial from $15.00 to $16.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, CNH Industrial has an average rating of Hold and an average price target of $15.27.
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About CNH Industrial
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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.
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