Analysts predict that Navistar International Corp (NYSE:NAV) will post sales of $1.93 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Navistar International’s earnings, with estimates ranging from $1.73 billion to $2.13 billion. Navistar International reported sales of $1.66 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The company is expected to announce its next earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that Navistar International will report full-year sales of $1.93 billion for the current year, with estimates ranging from $9.06 billion to $9.85 billion. For the next fiscal year, analysts anticipate that the company will report sales of $9.87 billion per share, with estimates ranging from $9.20 billion to $10.63 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Navistar International.
Navistar International (NYSE:NAV) last released its earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.71. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the company earned ($0.42) earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis.
Several equities research analysts have weighed in on NAV shares. Stifel Nicolaus upgraded Navistar International from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $50.00 in a research note on Tuesday, December 12th. Robert W. Baird restated a “buy” rating and set a $51.00 target price on shares of Navistar International in a research note on Thursday, December 21st. Zacks Investment Research upgraded Navistar International from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Gabelli cut Navistar International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Piper Jaffray Companies set a $37.00 target price on Navistar International and gave the stock a “hold” rating in a research note on Sunday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its stake in shares of Navistar International by 10.9% in the 2nd 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. Invictus RG bought a new position in shares of Navistar International in the 3rd quarter valued at $150,000. Financial Engines Advisors L.L.C. lifted its stake in shares of Navistar International by 57.0% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock valued at $160,000 after acquiring an additional 1,319 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Navistar International in the 3rd quarter valued at $220,000. Finally, Principal Financial Group Inc. bought a new position in shares of Navistar International in the 3rd quarter valued at $229,000. Institutional investors own 81.19% of the company’s stock.
Shares of Navistar International (NYSE NAV) opened at $39.21 on Friday. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14. Navistar International has a 12 month low of $22.89 and a 12 month high of $47.73. The firm has a market capitalization of $3,860.00, a price-to-earnings ratio of 435.67, a price-to-earnings-growth ratio of 4.23 and a beta of 2.58.
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Navistar International Company Profile
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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