In last trading session, CNH Industrial NV (NYSE:CNHI) saw 6.87 million shares changing hands with its beta currently measuring 1.65. Company’s recent per share price level of $12.73 trading at -$0.12 or -0.93% at ring of the bell on the day assigns it a market valuation of $15.99B. That closing price of CNHI’s stock is at a discount of -23.64% from its 52-week high price of $15.74 and is indicating a premium of 23.25% from its 52-week low price of $9.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.67 million shares which gives us an average trading volume of 12.72 million if we extend that period to 3-months.
CNH Industrial NV (NYSE:CNHI) trade information
Upright in the red during last session for losing -0.93%, in the last five days CNHI remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $12.73 price level, adding 1.24% to its value on the day. CNH Industrial NV’s shares saw a change of 4.52% in year-to-date performance and have moved 3.16% in past 5-day. CNH Industrial NV (NYSE:CNHI) showed a performance of 6.71% in past 30-days. Number of shares sold short was 30.28 million shares which calculate 2.23 days to cover the short interests.
CNH Industrial NV (CNHI) estimates and forecasts
Statistics highlight that CNH Industrial NV is scoring comparatively higher than the scores of other players of the relevant industry. The company added 2.00% of value to its shares in past 6 months, showing an annual growth rate of -8.24% while that of industry is -10.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -15.60% in the current quarter and calculating -15.40% decrease in the next quarter. This year revenue growth is estimated to fall -13.00% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.46 billion for the same. And 10 analysts are in estimates of company making revenue of $5.58 billion in the next quarter that will end on Jun 2024. Company posted $5.08 billion and $6.05 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -12.20% while estimating it to be -7.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.48% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -8.32% while estimates for its earnings growth in next 5 years are of 7.40%.
CNHI Dividends
CNH Industrial NV is more likely to be releasing its next quarterly report between May 03 and May 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
CNH Industrial NV (NYSE:CNHI)’s Major holders
Insiders are in possession of 29.65% of company’s total shares while institution are holding 66.27 percent of that, with stock having share float percentage of 94.20%. Investors also watch the number of corporate investors in a company very closely, which is 66.27% institutions for CNH Industrial NV that are currently holding shares of the company. Harris Associates L.P. is the top institutional holder at CNHI for having 160.52 million shares of worth $2.04 billion. And as of Dec 30, 2023, it was holding 12.78% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 85.08 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 6.77% of outstanding shares, having a total worth of $1.08 billion.
On the other hand, Oakmark International Fund and Artisan International Value Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 60.3 million shares of worth $767.66 million or 4.80% of the total outstanding shares. The later fund manager was in possession of 24.62 million shares on Dec 30, 2023, making its stake of worth around $313.41 million in the company or a holder of 1.96% of company’s stock.
