Equities research analysts expect that Navistar International Corporation (NYSE:NAV) will announce sales of $2.15 billion for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Navistar International Corporation’s earnings, with the lowest sales estimate coming in at $1.99 billion and the highest estimate coming in at $2.25 billion. Navistar International Corporation reported sales of $2.09 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is expected to report its next quarterly earnings report on Thursday, September 14th.

According to Zacks, analysts expect that Navistar International Corporation will report full year sales of $2.15 billion for the current financial year, with estimates ranging from $7.78 billion to $8.19 billion. For the next financial year, analysts forecast that the business will report sales of $8.78 billion per share, with estimates ranging from $8.27 billion to $9.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Navistar International Corporation.

Navistar International Corporation (NYSE:NAV) last released its quarterly earnings data on Wednesday, June 7th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.65. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business posted $0.05 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year.

Several research analysts recently issued reports on NAV shares. BidaskClub lowered shares of Navistar International Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Seaport Global Securities reiterated a “neutral” rating on shares of Navistar International Corporation in a research report on Thursday, April 6th. Robert W. Baird upgraded shares of Navistar International Corporation from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $32.00 to $33.00 in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 target price on shares of Navistar International Corporation in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Navistar International Corporation in a research report on Thursday, April 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.75.

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Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Navistar International Corporation by 93.5% in the first quarter. Dimensional Fund Advisors LP now owns 486,973 shares of the company’s stock valued at $11,989,000 after buying an additional 235,310 shares during the period. Vanguard Group Inc. increased its position in shares of Navistar International Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,122,984 shares of the company’s stock valued at $101,508,000 after buying an additional 199,826 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Navistar International Corporation during the first quarter valued at approximately $3,742,000. Quantitative Investment Management LLC purchased a new position in shares of Navistar International Corporation during the first quarter valued at approximately $3,111,000. Finally, UBS Oconnor LLC purchased a new position in shares of Navistar International Corporation during the first quarter valued at approximately $2,954,000. 82.42% of the stock is owned by hedge funds and other institutional investors.

Navistar International Corporation (NYSE:NAV) traded down 0.67% during midday trading on Friday, hitting $26.74. The company had a trading volume of 273,054 shares. Navistar International Corporation has a 52 week low of $10.57 and a 52 week high of $33.46. The firm’s 50 day moving average is $27.03 and its 200-day moving average is $27.35. The firm’s market capitalization is $2.62 billion.

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

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