Brokerages Anticipate Navistar International Corporation (NAV) Will Post Quarterly Sales of $2.31 Billion

Equities research analysts expect Navistar International Corporation (NYSE:NAV) to report sales of $2.31 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Navistar International Corporation’s earnings. The lowest sales estimate is $2.22 billion and the highest is $2.38 billion. Navistar International Corporation posted sales of $2.06 billion during the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The company is expected to issue its next quarterly earnings report on Tuesday, December 19th.

On average, analysts expect that Navistar International Corporation will report full-year sales of $2.31 billion for the current year, with estimates ranging from $8.03 billion to $8.35 billion. For the next financial year, analysts anticipate that the firm will post sales of $9.02 billion per share, with estimates ranging from $8.44 billion to $9.46 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Navistar International Corporation.

Navistar International Corporation (NYSE:NAV) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.17 billion. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.42) earnings per share.

Several research analysts have weighed in on the stock. Aegis reissued a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Navistar International Corporation in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Navistar International Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Tuesday, October 10th. Piper Jaffray Companies reissued a “hold” rating and issued a $27.00 price target on shares of Navistar International Corporation in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “positive” rating and issued a $47.00 price target (up from $35.00) on shares of Navistar International Corporation in a report on Thursday, September 7th. Finally, Royal Bank Of Canada increased their price target on shares of Navistar International Corporation from $31.00 to $36.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Navistar International Corporation has a consensus rating of “Hold” and an average price target of $37.67.

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In related news, Director Stephen R. D’arcy sold 1,000 shares of Navistar International Corporation stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $44.34, for a total value of $44,340.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 21.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Hanseatic Management Services Inc. increased its stake in Navistar International Corporation by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after acquiring an additional 81 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Navistar International Corporation by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after acquiring an additional 176 shares during the last quarter. Creative Planning increased its stake in Navistar International Corporation by 7.7% in the second quarter. Creative Planning now owns 5,464 shares of the company’s stock valued at $143,000 after acquiring an additional 389 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Navistar International Corporation by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after acquiring an additional 430 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Navistar International Corporation by 2.4% in the second quarter. Aperio Group LLC now owns 23,707 shares of the company’s stock valued at $622,000 after acquiring an additional 550 shares during the last quarter. 82.53% of the stock is currently owned by institutional investors and hedge funds.

Navistar International Corporation (NYSE NAV) opened at $38.92 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of -0.86. Navistar International Corporation has a fifty-two week low of $22.89 and a fifty-two week high of $45.47.

About Navistar International Corporation

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).

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Earnings History and Estimates for Navistar International Corporation (NYSE:NAV)

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