Brokerages forecast that CNH Industrial NV (NYSE:CNHI) will announce sales of $7.83 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for CNH Industrial’s earnings, with estimates ranging from $7.44 billion to $8.24 billion. CNH Industrial reported sales of $8.05 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.7%. The firm is scheduled to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that CNH Industrial will report full year sales of $29.07 billion for the current financial year, with estimates ranging from $27.74 billion to $30.00 billion. For the next fiscal year, analysts forecast that the company will post sales of $29.65 billion, with estimates ranging from $28.48 billion to $30.32 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover CNH Industrial.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.76 billion. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share.

Several research analysts have recently weighed in on CNHI shares. OTR Global upgraded CNH Industrial to a “positive” rating in a research note on Friday, January 18th. ValuEngine upgraded CNH Industrial from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research upgraded CNH Industrial from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. CNH Industrial currently has an average rating of “Hold” and an average price target of $12.92.

Several large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP raised its holdings in shares of CNH Industrial by 62.1% in the 1st quarter. Trexquant Investment LP now owns 64,743 shares of the company’s stock valued at $660,000 after acquiring an additional 24,792 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of CNH Industrial by 25.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 16,786,786 shares of the company’s stock valued at $171,225,000 after acquiring an additional 3,408,301 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of CNH Industrial by 418.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 482,246 shares of the company’s stock valued at $4,919,000 after acquiring an additional 389,198 shares in the last quarter. Northern Trust Corp raised its holdings in shares of CNH Industrial by 40.7% in the 1st quarter. Northern Trust Corp now owns 493,864 shares of the company’s stock valued at $5,038,000 after acquiring an additional 142,921 shares in the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in shares of CNH Industrial in the 1st quarter valued at about $3,603,000. 18.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CNHI stock traded down $0.01 on Friday, hitting $9.41. 132,344 shares of the stock were exchanged, compared to its average volume of 1,615,944. The company has a debt-to-equity ratio of 4.42, a quick ratio of 4.31 and a current ratio of 5.33. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 11.71 and a beta of 1.12. CNH Industrial has a one year low of $8.41 and a one year high of $13.02.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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