Analysts Anticipate Navistar International Corp (NYSE:NAV) to Announce $1.20 Earnings Per Share

Equities research analysts expect Navistar International Corp (NYSE:NAV) to announce $1.20 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Navistar International’s earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $0.90. Navistar International posted earnings of $1.19 per share in the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, September 5th.

Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Navistar International.

Navistar International (NYSE:NAV) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.18. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.70 billion. Navistar International had a negative return on equity of 10.59% and a net margin of 2.83%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS.

A number of brokerages have recently issued reports on NAV. Zacks Investment Research downgraded Navistar International from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Friday, June 14th. ValuEngine downgraded Navistar International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Longbow Research downgraded Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 target price for the company. in a research report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Navistar International has a consensus rating of “Hold” and an average target price of $37.11.

A number of institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its stake in Navistar International by 3.2% during the first quarter. Oppenheimer & Co. Inc. now owns 9,872 shares of the company’s stock valued at $319,000 after buying an additional 308 shares during the last quarter. Creative Planning increased its stake in shares of Navistar International by 5.0% in the 2nd quarter. Creative Planning now owns 8,200 shares of the company’s stock valued at $282,000 after purchasing an additional 390 shares in the last quarter. Huntington National Bank increased its stake in shares of Navistar International by 335.7% in the 1st quarter. Huntington National Bank now owns 1,063 shares of the company’s stock valued at $34,000 after purchasing an additional 819 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Navistar International in the 2nd quarter valued at about $34,000. Finally, US Bancorp DE increased its stake in shares of Navistar International by 101.4% in the 2nd quarter. US Bancorp DE now owns 1,986 shares of the company’s stock valued at $68,000 after purchasing an additional 1,000 shares in the last quarter. 79.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of NAV traded down $1.09 during trading hours on Thursday, reaching $22.81. 366,539 shares of the company’s stock traded hands, compared to its average volume of 461,333. The company has a market capitalization of $2.37 billion, a PE ratio of 6.73, a PEG ratio of 0.41 and a beta of 2.15. The firm’s 50 day simple moving average is $31.14. Navistar International has a 12 month low of $22.46 and a 12 month high of $43.71.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services.

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

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