Navistar International Corp (NAV) Posts Quarterly Earnings, Beats Expectations By $0.62 EPS
Navistar International Corp (NYSE:NAV) released its earnings data on Wednesday. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.66) by $0.62, American Banking and Market News reports. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.95 billion.
Navistar International Corp (NYSE:NAV) opened at 38.49 on Wednesday. Navistar International Corp has a 1-year low of $29.08 and a 1-year high of $41.57. The stock’s 50-day moving average is $36.77 and its 200-day moving average is $35.90. The company’s market cap is $3.130 billion.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Navistar International Corp in a research note on Friday, August 8th. They now have a $36.00 price target on the stock. On the ratings front, analysts at Vertical Research downgraded shares of Navistar International Corp to a “sell” rating in a research note on Friday, August 1st. Finally, analysts at Piper Jaffray initiated coverage on shares of Navistar International Corp in a research note on Wednesday, July 16th. They set an “overweight” rating and a $46.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Navistar International Corp presently has a consensus rating of “Hold” and a consensus target price of $38.56.
Navistar International Corporation (NYSE:NAV) is a holding company, whose principal operating subsidiaries are Navistar, Inc and Navistar Financial Corporation (NFC).
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