Equities research analysts predict that Navistar International Corp (NYSE:NAV) will announce $2.81 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Navistar International’s earnings. The highest sales estimate is $3.08 billion and the lowest is $2.65 billion. Navistar International reported sales of $3.32 billion during the same quarter last year, which would suggest a negative year over year growth rate of 15.4%. The firm is scheduled to report its next earnings results on Tuesday, December 17th.
On average, analysts expect that Navistar International will report full year sales of $11.25 billion for the current fiscal year, with estimates ranging from $11.13 billion to $11.41 billion. For the next year, analysts anticipate that the firm will post sales of $10.34 billion, with estimates ranging from $9.82 billion to $10.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Navistar International.
Navistar International (NYSE:NAV) last released its quarterly earnings results on Wednesday, September 4th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.35. Navistar International had a negative return on equity of 11.82% and a net margin of 2.60%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.92 billion. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business posted $1.71 EPS.
Several research analysts have issued reports on the company. Robert W. Baird set a $38.00 target price on Navistar International and gave the stock a “buy” rating in a research report on Monday, September 23rd. Raymond James started coverage on shares of Navistar International in a research note on Wednesday, November 27th. They issued a “market perform” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $33.00 price objective on shares of Navistar International in a report on Monday, November 18th. Goldman Sachs Group upgraded shares of Navistar International from a “sell” rating to a “neutral” rating and set a $26.00 target price for the company in a research report on Friday, September 6th. Finally, Loop Capital reduced their target price on shares of Navistar International to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Navistar International presently has an average rating of “Hold” and a consensus target price of $33.23.
Several hedge funds have recently bought and sold shares of NAV. Invesco Ltd. lifted its holdings in Navistar International by 1,831.7% in the 2nd quarter. Invesco Ltd. now owns 458,687 shares of the company’s stock worth $15,802,000 after purchasing an additional 434,942 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Navistar International in the 2nd quarter valued at $9,419,000. Renaissance Technologies LLC increased its holdings in Navistar International by 29.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,035,300 shares of the company’s stock valued at $35,666,000 after acquiring an additional 238,500 shares during the last quarter. Ardevora Asset Management LLP lifted its stake in Navistar International by 20.5% in the 2nd quarter. Ardevora Asset Management LLP now owns 1,228,342 shares of the company’s stock worth $42,316,000 after purchasing an additional 208,600 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Navistar International by 66.2% in the 2nd quarter. Prudential Financial Inc. now owns 463,330 shares of the company’s stock worth $15,962,000 after purchasing an additional 184,552 shares in the last quarter. 73.28% of the stock is currently owned by hedge funds and other institutional investors.
Navistar International stock traded down $0.24 during mid-day trading on Monday, reaching $31.39. 25,993 shares of the stock traded hands, compared to its average volume of 448,936. Navistar International has a 12-month low of $21.32 and a 12-month high of $39.52. The business’s 50-day moving average is $31.99 and its 200-day moving average is $30.19. The stock has a market capitalization of $3.14 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 0.66 and a beta of 2.24.
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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