Analysts Anticipate Navistar International Corp (NAV) Will Post Earnings of $0.91 Per Share

Equities analysts expect Navistar International Corp (NYSE:NAV) to report earnings per share of $0.91 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Navistar International’s earnings. The highest EPS estimate is $1.05 and the lowest is $0.77. Navistar International posted earnings of $0.37 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 145.9%. The business is scheduled to report its next quarterly earnings report on Wednesday, September 5th.

Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Navistar International.

Navistar International (NYSE:NAV) last announced its quarterly earnings results on Tuesday, June 5th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.21. Navistar International had a net margin of 1.69% and a negative return on equity of 4.49%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the firm earned ($0.86) EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year.

NAV has been the subject of several analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $44.00 price objective on shares of Navistar International in a research note on Thursday, July 19th. ValuEngine upgraded shares of Navistar International from a “hold” rating to a “buy” rating in a research note on Tuesday, April 17th. Piper Jaffray Companies set a $44.00 price objective on shares of Navistar International and gave the company a “buy” rating in a research note on Wednesday, April 25th. Finally, Longbow Research upgraded shares of Navistar International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.06 to $50.00 in a research note on Friday, June 1st. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $45.56.

Large investors have recently bought and sold shares of the business. Swiss National Bank increased its stake in shares of Navistar International by 2.8% during the 1st quarter. Swiss National Bank now owns 76,900 shares of the company’s stock worth $2,689,000 after purchasing an additional 2,100 shares during the last quarter. Ardevora Asset Management LLP increased its stake in shares of Navistar International by 0.5% during the 1st quarter. Ardevora Asset Management LLP now owns 935,970 shares of the company’s stock worth $32,731,000 after purchasing an additional 4,900 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Navistar International during the 4th quarter worth approximately $1,025,000. Redwood Investment Management LLC increased its stake in shares of Navistar International by 210.1% during the 1st quarter. Redwood Investment Management LLC now owns 32,252 shares of the company’s stock worth $1,128,000 after purchasing an additional 21,853 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Navistar International by 426.1% during the 1st quarter. Point72 Asset Management L.P. now owns 409,800 shares of the company’s stock worth $14,331,000 after purchasing an additional 331,900 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

NYSE NAV traded down $0.63 during trading hours on Friday, hitting $41.41. The company’s stock had a trading volume of 220,799 shares, compared to its average volume of 432,395. Navistar International has a 52 week low of $29.53 and a 52 week high of $47.73. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 81.20, a PEG ratio of 4.04 and a beta of 2.28. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.82 and a current ratio of 1.11.

Navistar International Company Profile

Navistar International Corporation 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. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

Further Reading: Using the New Google Finance Tool

Get a free copy of the Zacks research report on Navistar International (NAV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Navistar International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navistar International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit