Equities research analysts expect that Navistar International Corporation (NYSE:NAV) will report $0.28 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Navistar International Corporation’s earnings, with estimates ranging from $0.06 to $0.39. Navistar International Corporation reported earnings per share of ($0.13) during the same quarter last year, which suggests a positive year over year growth rate of 315.4%. The firm is scheduled to issue its next quarterly earnings results on Thursday, September 14th.

Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Navistar International Corporation.

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

A number of equities research analysts have recently commented on NAV shares. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 target price on shares of Navistar International Corporation in a research note on Friday, July 21st. BidaskClub raised Navistar International Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $26.00 price objective (up from $24.00) on shares of Navistar International Corporation in a research report on Friday, June 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price objective on shares of Navistar International Corporation in a research report on Tuesday, May 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price objective on shares of Navistar International Corporation in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Navistar International Corporation presently has a consensus rating of “Hold” and a consensus target price of $27.29.

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In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen bought 158,026 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were bought at an average price of $29.18 per share, with a total value of $4,611,198.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased a total of 434,864 shares of company stock worth $12,752,006 in the last three months. 21.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. boosted its position in Navistar International Corporation by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after buying an additional 81 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Navistar International Corporation by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after buying an additional 176 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Navistar International Corporation by 2.3% in the first quarter. Oppenheimer & Co. Inc. now owns 11,720 shares of the company’s stock valued at $289,000 after buying an additional 264 shares in the last quarter. Creative Planning boosted its position in Navistar International Corporation by 7.7% in the second quarter. Creative Planning now owns 5,464 shares of the company’s stock valued at $143,000 after buying an additional 389 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Navistar International Corporation by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after buying an additional 430 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Navistar International Corporation (NAV) opened at 30.05 on Thursday. The stock’s market capitalization is $2.95 billion. Navistar International Corporation has a 12-month low of $13.30 and a 12-month high of $33.46. The firm’s 50-day moving average is $29.32 and its 200-day moving average is $27.21.

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

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