Is It Time to Review Stock News? CNH Industrial N.V. (NYSE: CNHI)

The Industrial Goods sector company, CNH Industrial N.V. noticed change of 0.54% to $11.15 along volume of 1136727 shares in recent session compared to an average volume of 1738.22K. On 26 Dec 2019, CNH Industrial N.V. stock identified change of 32.58% away from 52-week low price and recently located move of -7.01% off 52-week high price. CNHI stock has been recorded 2.04% away from 50 day moving average and 8.22% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.45% off 20-day moving average.

CNH Industrial reports third quarter consolidated revenues of $6.4B,

net income of $643M and adjusted net income of $221M ($0.16 per share).

Net debt of Industrial Activities at $2.4B

Financial results presented under U.S. GAAP

Industrial Activities net sales were $5.9B, down 6% contrast to the third quarter of 2018 (down 3% on a constant currency basis), as lower sales volume and negative currency translation offset positive price realization

Adjusted EBIT of Industrial Activities was $284M, equivalent to a 4.8% margin, down 30 basis points contrast to the third quarter of 2018. Adjusted EBITDA of Industrial Activities was $523M, representing an 8.9% margin

Stated net income of $643M includes a material discrete tax benefit. Adjusted net income was $221M in the third quarter of 2019, in line with the third quarter of 2018, benefiting from lower interest expense and a lower adjusted effective tax rate

Net debt of Industrial Activities at September 30, 2019 was $2.4B, up by $0.9B from June 30, 2019, Because of a raise in net working capital

During the quarter, CNH Industrial continued corporate planning activities in view of the future separation of the Off-Highway and On-Highway businesses reported on September 3

During the quarter, CNH Industrial purchased AgDNA, a leader in Farm Management Information Systems, and entered into a planned and exclusive Heavy-Duty Truck joint venture with Nikola Corporation, a U.S.-based leader in fuel cell truck technology

CNH Industrial recently reported the acquisition of the Australian agricultural tillage and crop implement manufacturer K-Line Ag, and the acquisition of ATI, Inc., a global manufacturer of rubber track systems for high horsepower tractors and combine harvesters, in an effort to strengthen its planned position and to drive industry consolidation in the agricultural market. In addition, CNH Industrial has agreed the sale of its Truckline parts business, a distributor of aftermarket commercial vehicles parts and accessories in Australia

Full year guidance updated as follows: net sales of Industrial Activities predictable now between $26.5B-$27B with confirmed adjusted diluted EPS of $0.84-$0.88. Net debt of Industrial Activities of $0.6B-$0.4B mainly reflecting the M&A activity reported since September 3

CNHI’s shares are at 7.73% for the quarter and driving a 25.42% return over the course of the past year and is now at 21.06% since this point in 2018.   The average volatility for the week at 0.81% and for month was at 1.26%. There are 1348.37M shares outstanding and 994.58M shares are floated in market. Right now the stock beta is 1.37.