Wall Street brokerages expect Navistar International Corp (NYSE:NAV) to announce earnings per share (EPS) of $1.28 for the current quarter, Zacks reports. Four analysts have made estimates for Navistar International’s earnings, with estimates ranging from $1.06 to $1.55. Navistar International posted earnings per share of $1.89 during the same quarter last year, which suggests a negative year over year growth rate of 32.3%. The company is scheduled to issue its next earnings results on Tuesday, December 17th.
Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Navistar International.
Navistar International (NYSE:NAV) last issued its earnings results on Wednesday, September 4th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.35. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.92 billion. Navistar International had a negative return on equity of 11.82% and a net margin of 2.60%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $1.71 EPS.
A number of equities analysts have issued reports on NAV shares. Goldman Sachs Group upgraded Navistar International from a “sell” rating to a “neutral” rating and set a $26.00 price target for the company in a research note on Friday, September 6th. Loop Capital cut their price target on Navistar International to $38.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. UBS Group cut their price target on Navistar International from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. 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 note on Friday, June 14th. Finally, Wells Fargo & Co cut their price target on Navistar International from $35.00 to $27.00 and set a “market perform” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Navistar International has an average rating of “Hold” and an average target price of $35.11.
Hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in Navistar International during the 2nd quarter valued at about $34,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Navistar International during the 2nd quarter worth approximately $37,000. US Bancorp DE lifted its position in shares of Navistar International by 101.4% during the 2nd quarter. US Bancorp DE now owns 1,986 shares of the company’s stock worth $68,000 after buying an additional 1,000 shares in the last quarter. CSat Investment Advisory L.P. bought a new position in shares of Navistar International during the 2nd quarter worth approximately $109,000. Finally, Bank of Montreal Can lifted its position in shares of Navistar International by 448.3% during the 2nd quarter. Bank of Montreal Can now owns 5,121 shares of the company’s stock worth $176,000 after buying an additional 4,187 shares in the last quarter. Institutional investors and hedge funds own 77.90% of the company’s stock.
Shares of NAV traded down $0.89 during trading hours on Friday, hitting $28.41. The stock had a trading volume of 656,796 shares, compared to its average volume of 733,852. The firm has a 50 day simple moving average of $25.70 and a 200-day simple moving average of $31.23. The firm has a market capitalization of $2.91 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 0.48 and a beta of 2.23. Navistar International has a 1-year low of $21.32 and a 1-year high of $43.12.
About Navistar International
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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