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CNH Industrial N.V. (CNHI)
After hours:
| Previous close | 11.33 |
| Open | 11.66 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 2200 |
| Day's range | 11.06 - 11.70 |
| 52-week range | 9.77 - 15.74 |
| Volume | |
| Avg. volume | 11,502,444 |
| Market cap | 14.546B |
| Beta (5Y monthly) | 1.70 |
| PE ratio (TTM) | 6.64 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.47 (4.15%) |
| Ex-dividend date | 10 May 2024 |
| 1y target est | N/A |
- Barrons.com
Deere Peer CNH Cuts 2024 Guidance. Both Stocks Are Up.
Agriculture and construction machinery maker CNH Industrial reported slightly better-than-expected first-quarter earnings on Thursday morning. Thursday morning, CNH reported first-quarter adjusted earnings per share of 33 cents from sales of $4.8 billion. “The CNH team navigated a declining market environment in the first quarter, as lower industry demand persisted especially in South America and Europe,” said CEO Scott Wine in a news release.
- Reuters
CNH Industrial cuts 2024 profit target as farm equipment demand slumps
CNH Industrial cut its annual profit forecast and warned of steeper declines in farming equipment sales on Thursday, as a global agriculture downturn squeezes demand for its tractors and combines. Dwindling farm incomes as crop prices moderate and higher borrowing costs are forcing a rethink on big-ticket purchases, setting up for a murky demand backdrop for heavy equipment makers. CNH projected an 11% to 15% drop in agriculture segment sales for the year, compared with its previous expectation of 8% to 12% decline.
- Reuters
CNH Industrial cuts 2024 profit view as soft agriculture demand bites
CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases. Global crop prices have moderated while farm incomes have dwindled, setting up for a murky demand backdrop for the agriculture equipment sector as farmers pull back on big purchases such as tractors and combines. A surge in demand for agriculture equipment early last year had also seen machinery dealers bulk up on inventories, but that trend is now set to reverse as dealers look to tighten their stocks, which translates to lower margins for equipment makers like CNH.
