CNH Industrial (NYSE:CNHI – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07, Briefing.com reports. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. CNH Industrial updated its FY24 guidance to $1.45-$1.55 EPS.
CNH Industrial Stock Performance
CNH Industrial stock traded down $0.20 during mid-day trading on Friday, reaching $11.48. 9,092,978 shares of the company traded hands, compared to its average volume of 11,575,719. CNH Industrial has a fifty-two week low of $9.77 and a fifty-two week high of $15.74. The firm’s fifty day moving average is $12.26 and its two-hundred day moving average is $11.72. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 6.72 and a beta of 1.66.
CNH Industrial Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be given a $0.47 dividend. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th.
Analysts Set New Price Targets
View Our Latest Analysis on CNHI
CNH Industrial Company Profile
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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