|Bid||7.30 x 1200|
|Ask||7.60 x 2200|
|Day's range||7.58 - 7.79|
|52-week range||5.06 - 11.99|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||9.37|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Apr 2020|
|1y target est||7.13|
CNH (CNHI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
(Bloomberg) -- Government money aimed at helping companies weather the coronavirus is going to enterprises controlled by some of the world’s richest tycoons, according to data released Thursday by the Bank of England.A number of firms owned by billionaires are tapping an emergency funding program backed by taxpayers, even as businesses great and small struggle to reopen. The initiative, called the Covid Corporate Financing Facility, is one of many the government and its central bank have unveiled to support companies that employ millions of workers and play a key role in the economy.The companies include Chanel, the legendary fragrance and fashion house controlled by brothers Gerard and Alain Wertheimer. Their clan has a combined net worth of $56 billion, according to the Bloomberg Billionaires Index. Chanel received 600 million pounds ($760 million) in loans from the initiative, which started in March and is financed from the BOE’s reserves.Another recipient is the enterprise that oversees the stadium for premier league soccer team Tottenham Hotspur, in London. It received 175 million pounds in funding and is controlled by Joe Lewis, a billionaire businessman and onetime currency trader who lives in the Bahamas.Truck maker CNH Industrial NV, linked to the business empire of Italy’s billionaire Agnelli family, sought 600 million pounds. Carnival Plc, the Miami-based cruise ship operator whose vessels became hotbeds of coronavirus infections, signed on for 25 million pounds. Its chairman is Micky Arison, who also owns the Miami Heat professional basketball team and is worth $9 billion.And JCB, a construction group owned by the billionaire Bamford family, received 600 million pounds. Chief Executive Officer Graeme MacDonald told the Telegraph newspaper the company hoped not to draw on any of the facility and viewed it as an “insurance policy” against further disruption.The roster may increase scrutiny of companies that are availing themselves of state aid -- even though they appear to have owners with ample resources of their own.“It is absolutely right that the Bank of England supports companies in order to save jobs and protect livelihoods, but I’m appalled that so many billionaire-owned businesses are being financed by the taxpayer,” said Margaret Hodge, a member of Parliament for the opposition Labour Party. “It’s high time that the mega-wealthy reach into their own pockets rather than the public purse.”Hodge, a former chair of the Public Accounts Committee, said her concerns run deeper than billionaire-controlled companies. She said the government must ensure firms that cut corners or use financial engineering to avoid big tax bills don’t take advantage of public support. In a June 3 letter, Hodge urged Rishi Sunak, Britain’s finance minister, to prevent companies with poor tax compliance records from receiving bailout funds.Tottenham Hotspur said in a statement on its website that it will lose 200 million pounds from the lockdown, and will use the funding to meet working capital needs. As for Carnival, a spokeswoman said the company contributes more than 2 million pounds to the U.K. economy every time its ships dock in the country, which happens 250 times a year.A spokeswoman for CNH Industrial pointed to a press release from April 29, in which the company said using the facility demonstrates its efforts to preserve a sound level of liquidity during the crisis. A spokesman for Chanel, which has 1,600 employees in the U.K., said the company closed all its boutiques in the country during the lockdown and will repay the loan within 12 months.Under the CCFF, the BOE purchases commercial paper, with maturity of up to a year, issued by large firms making a “material contribution” to the U.K. economy. So far it’s provided companies with 16.2 billion pounds of funding. The CCFF is “directly protecting hundreds of thousands of jobs and supporting some of our biggest companies’ cashflows,” a Treasury spokesman said on June 5.The effort operates in tandem with a suite of government-backed lending programs for smaller companies. While lawmakers and business groups have criticized the initiatives as slow and cumbersome, commercial banks have approved 31.3 billion pounds of partially and fully state-guaranteed loans to more than 745,000 companies since late March, according to the Treasury. The government has also provided 10 billion pounds in grants to 800,000 firms, deferred tax bills, and scrapped business tax rates.Burberry Group Plc, Marks & Spencer Group Plc and Rolls-Royce Holdings Plc were among the British businesses to draw on the CCFF facility, the central bank said. But the biggest recipient is Germany’s BASF SE, the chemicals giant. It withdrew 1 billion pounds, the maximum allowed under the program.(An earlier version of this story corrected Carnival’s contribution to the U.K. economy.)(Adds Treasury statement and government data on business support in 12th and 13th paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
CASE Construction Equipment delivers 125 units to Angola’s Ministry of Transport CNH Industrial’s global construction equipment brand is providing a series of models including.
The latest installment from CNHIndustrial.com’s Top Stories is an informative and illustrated insight into the multifaceted world of logistics. This article, however, with its behind-the-scenes style narrative and first-hand accounts, offers a unique and engaging glimpse into how CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), one of the world’s largest capital goods companies, manages to transport its finished vehicles from the factory gate to the final customer. Discover how quality and efficiency together with minimal environmental impact are the Company’s watchwords.
London, May 12, 2020 STEYR, the premium short-liner agricultural brand of CNH Industrial N.V. (NYSE:CNHI / MI:CNHI), has received the prestigious Platinum Award in the 2020.
While General Motors (GM) and BorgWarner (BWA) top first-quarter 2020 earnings estimates, Genuine Parts (GPC) falls short amid coronavirus woes.
CNH Industrial (CNHI) scraps 2020 guidance as management expects the coronavirus pandemic and related setbacks to strain its operations in the days to come.
CNH (CNHI) delivered earnings and revenue surprises of -185.71% and -5.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
The following is an extract from the “CNH Industrial 2020 first quarter results” press release. The complete press release can be accessed by visiting the media section of the.
Overall first-quarter 2020 earnings and revenues for the auto sector are projected to be down 88.1% and 11.9% year over year, respectively.
CNH Industrial (NYSE: CNHI / MI: CNHI) today announced that the resumption of manufacturing operations is proceeding according to plan, and follows all COVID-19 health and safety protocols on a global basis. Central to this process is employee health and safety and agreements with trade unions, to ensure full engagement with the resumption of activities. Priority was given to agricultural and powertrain manufacturing, considered essential industries by governments, and in response to local market demands.
CNH Industrial has published the companion guide to its 2019 Sustainability Report. Now in its fourth edition, A Sustainable Year, 2019, shines a spotlight on initiatives from around the world which illustrate in an informal, yet informative style, some of the Company’s major sustainability achievements and its on-going commitment to a better future. CNH Industrial (NYSE: CNHI /MI: CNHI), nine-time Industry Leader in the Dow Jones Sustainability World and Europe Indices, announces the fourth edition of A Sustainable Year, which covers a selection of sustainability highlights the Company and its stakeholders accomplished in 2019.
London, April 29, 2020 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that it has successfully issued GBP 600 million of commercial paper through the Joint HM.
London, April 23, 2020 CNH Industrial (NYSE: CNHI / MI: CNHI) announced today that its financial results for the First Quarter of 2020 will be released on Wednesday, May 6,.
London, April 16, 2020 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) shareholders at the Annual General Meeting (“AGM”), held today in Amsterdam, the Netherlands, approved the.
During this unprecedented time, CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is continuing to take decisive steps in the fight against COVID-19, focusing on employees’ health and the local communities where it does business. To this end, the Company is donating $2 million to the CNH Industrial Foundation and to other charitable projects throughout the world, with a focus on supporting individuals and communities impacted by the virus. This pledge is in addition to the Company’s ongoing donations of medical equipment supplies, including ventilators, personal protective equipment, electrical generators and ambulances, to healthcare providers in the regions in which the Company operates.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) confirms that its Annual General Meeting of shareholders (“AGM”) will be held on April 16, 2020 in Amsterdam, The Netherlands, as previously announced. Furthermore, for health and safety reasons, the Company will take appropriate measures to minimize public health risks relating to the AGM and further measures will be introduced in the event local prescriptions will be amended. CNH Industrial therefore reserves the right to amend the physical arrangements on the day of the AGM, including refusing entry to the meeting to comply with health and safety requirements.
In light of the continuing emergency caused by the COVID-19 pandemic, CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that the majority of its European assembly operations will remain suspended until April 17. Logistics hubs, and the related industrial and supply operations, remain operational to guarantee as timely and efficient parts and service support to end customers as possible at this time. This decision has been taken considering the vital nature to society of the sectors in which the Company operates, especially in emergency situations: agricultural and construction machinery, the transport of goods and people, fire fighting vehicles and those dedicated to public safety.
Since the beginning of the COVID-19 pandemic outbreak, CNH Industrial (NYSE: CNHI / MI: CNHI) has been proactively taking all appropriate measures to ensure the health and safety of its employees, the continuity of its industrial and distribution infrastructure, and its supply chain. In light of the significant deterioration of the macro-economic environment triggered by the global spread of the COVID-19 virus and the resulting market uncertainty, the impact that such events may have on the Company's 2020 financial results cannot be reasonably estimated at this time due to the rapid development and fluidity of the situation. As a result, CNH Industrial withdraws its financial outlook for 2020 presented on February 7, 2020.
London, March 27, 2020 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announces the temporary appointment of Brad Crews as General Manager North America. In this role, Mr..
London, March 24, 2020 In response to a request from Borsa Italiana (the Italian Stock Exchange), CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) confirms that Hubertus Mühlhäuser.
The Board of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that it has appointed Suzanne Heywood as Acting Chief Executive Officer, in addition to her role as Chair of the Board, to lead the business through this current unprecedented period and until a new permanent CEO has been identified by means of a thorough search process. The Board reached its unanimous decision and accepted the resignation of Hubertus Mühlhäuser as Chief Executive Officer, who has left the Group with immediate effect.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that, in light of the supply chain constrains caused by the COVID-19 emergency in Europe, it is suspending the majority of its European assembly operations for a two week period. This suspension applies to the Company’s agricultural, construction, commercial and specialty vehicles production facilities. Most component facilities will remain operational at low speed, always in strict compliance with national health directives, in order ensure the continuation of supply to the Company’s manufacturing facilities located outside of Europe.
CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) has expanded its already extensive measures to ensure a safe working environment for its employees in light of the COVID-19 emergency. The Company has been leveraging its experience acquired firstly in China, and more recently rolling out best practices across all regions in which it operates. Reflecting the emergency decrees announced earlier this week by the Italian Government, the Company has started to introduce additional measures at its facilities in Italy, which strictly follow the mandated requirements.