Equities analysts expect that Navistar International Corporation (NYSE:NAV) will report earnings of $0.62 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Navistar International Corporation’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.77. Navistar International Corporation posted earnings per share of ($0.28) during the same quarter last year, which would indicate a positive year over year growth rate of 321.4%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, December 19th.
Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Navistar International Corporation.
Navistar International Corporation (NYSE:NAV) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the company posted ($0.42) EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis.
A number of research firms recently weighed in on NAV. Zacks Investment Research lowered shares of Navistar International Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Navistar International Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Navistar International Corporation in a research report on Wednesday, July 12th. BidaskClub raised shares of Navistar International Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Aegis reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Navistar International Corporation in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Navistar International Corporation has a consensus rating of “Hold” and an average price target of $36.08.
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Shares of Navistar International Corporation (NYSE NAV) traded down 0.58% on Wednesday, reaching $43.13. 276,797 shares of the company were exchanged. Navistar International Corporation has a 12-month low of $21.94 and a 12-month high of $45.47. The firm’s market capitalization is $4.23 billion. The company’s 50 day moving average is $39.18 and its 200 day moving average is $30.40.
In other news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of Navistar International Corporation stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average price of $29.25 per share, with a total value of $1,272,404.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. D’arcy sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $44.34, for a total transaction of $44,340.00. The disclosure for this sale can be found here. In the last three months, insiders bought 499,781 shares of company stock worth $14,693,815. Insiders own 21.80% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Proxima Capital Management LLC grew its stake in Navistar International Corporation by 7.5% during the second quarter. Proxima Capital Management LLC now owns 215,000 shares of the company’s stock valued at $5,639,000 after acquiring an additional 15,000 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Navistar International Corporation by 10.9% during 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 in the last quarter. Castleark Management LLC purchased a new position in Navistar International Corporation during the second quarter valued at approximately $6,176,000. The Manufacturers Life Insurance Company grew its stake in Navistar International Corporation by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 40,180 shares of the company’s stock valued at $1,054,000 after acquiring an additional 1,086 shares in the last quarter. Finally, State Street Corp grew its stake in Navistar International Corporation by 2.5% during the second quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after acquiring an additional 25,176 shares in the last quarter. 84.04% of the stock is owned by institutional investors.
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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