CNH Industrial (NYSE:CNH) Sets New 1-Year Low Following Weak Earnings

CNH Industrial N.V. (NYSE:CNH)’s share price reached a new 52-week low during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $9.00 and last traded at $9.5390, with a volume of 4097326 shares changing hands. The stock had previously closed at $10.26.

The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the company earned $0.24 earnings per share. CNH Industrial’s revenue was down 5.5% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer reduced their price objective on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CNH Industrial in a report on Wednesday, October 8th. Truist Financial dropped their target price on CNH Industrial from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on CNH Industrial from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Finally, Raymond James Financial cut their price objective on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC acquired a new position in shares of CNH Industrial during the third quarter worth about $27,000. Twin Tree Management LP raised its stake in CNH Industrial by 1,068.0% during the 1st quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock worth $29,000 after acquiring an additional 2,606 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of CNH Industrial by 218.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $42,000 after purchasing an additional 2,325 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in CNH Industrial by 77.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,036 shares of the company’s stock worth $44,000 after purchasing an additional 1,763 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of CNH Industrial by 923.2% during the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after buying an additional 3,296 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Stock Down 6.8%

The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $11.96 billion, a PE ratio of 14.72 and a beta of 1.52. The firm has a 50 day simple moving average of $10.80 and a two-hundred day simple moving average of $12.04.

CNH Industrial Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.