-$0.08 Earnings Per Share Expected for Navistar International Corp (NAV) This Quarter
Brokerages expect Navistar International Corp (NYSE:NAV) to announce earnings per share of ($0.08) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Navistar International Corp’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at ($0.38). Navistar International Corp reported earnings of $0.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 260%. The company is scheduled to issue its next earnings report on Tuesday, June 6th.
Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Navistar International Corp.
Navistar International Corp (NYSE:NAV) last announced its quarterly earnings results on Tuesday, March 7th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.33. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.72 billion. Navistar International Corp’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) EPS.
Several equities research analysts have weighed in on the company. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price target on shares of Navistar International Corp in a report on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price target on shares of Navistar International Corp in a report on Thursday, April 6th. Seaport Global Securities reissued a “neutral” rating on shares of Navistar International Corp in a report on Thursday, April 6th. Barclays PLC set a $17.00 price target on Navistar International Corp and gave the stock a “sell” rating in a report on Saturday, April 1st. Finally, Stifel Nicolaus raised Navistar International Corp from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a report on Wednesday, March 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.42.
In related news, major shareholder Carl C. Icahn purchased 423,404 shares of Navistar International Corp stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $25.58 per share, for a total transaction of $10,830,674.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carl C. Icahn purchased 34,032 shares of Navistar International Corp stock in a transaction that occurred on Tuesday, March 14th. The shares were bought at an average price of $25.77 per share, with a total value of $877,004.64. The disclosure for this purchase can be found here. Insiders own 21.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC bought a new position in shares of Navistar International Corp during the fourth quarter valued at $206,000. Bogle Investment Management L P DE bought a new position in shares of Navistar International Corp during the fourth quarter valued at $3,322,000. Pacad Investment Ltd. bought a new position in shares of Navistar International Corp during the fourth quarter valued at $180,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Navistar International Corp during the fourth quarter valued at $1,116,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Navistar International Corp by 25.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 38,173 shares of the company’s stock valued at $1,214,000 after buying an additional 7,826 shares in the last quarter.
Navistar International Corp (NYSE:NAV) opened at 26.86 on Monday. Navistar International Corp has a 52 week low of $10.30 and a 52 week high of $33.46. The company’s market cap is $2.64 billion. The company has a 50-day moving average of $25.52 and a 200-day moving average of $27.45.
Navistar International Corp Company Profile
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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