Brokerages Expect Navistar International Corporation (NAV) to Announce $0.28 EPS
Analysts expect Navistar International Corporation (NYSE:NAV) to post earnings of $0.28 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Navistar International Corporation’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.06. Navistar International Corporation reported earnings per share of ($0.13) in the same quarter last year, which indicates a positive year-over-year growth rate of 315.4%. The business is expected to report its next earnings report before the market opens on Wednesday, September 6th.
Zacks’ EPS averages are an average based on a survey of sell-side 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 business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS.
Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Navistar International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $27.00 price target on shares of Navistar International Corporation in a report on Thursday, August 3rd. BidaskClub downgraded Navistar International Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $31.00 price target on shares of Navistar International Corporation in a report on Wednesday, July 12th. Finally, Barclays PLC reaffirmed a “sell” rating and set a $20.00 price target on shares of Navistar International Corporation in a report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.29.
Navistar International Corporation (NAV) traded up 1.05% during mid-day trading on Monday, hitting $34.52. 547,782 shares of the company traded hands. The stock’s market capitalization is $3.39 billion. The company’s 50-day moving average is $30.79 and its 200-day moving average is $27.58. Navistar International Corporation has a one year low of $13.57 and a one year high of $34.69.
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In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was purchased at an average price of $29.25 per share, with a total value of $1,272,404.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders acquired 499,781 shares of company stock valued at $14,693,815. Company insiders own 21.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in Navistar International Corporation by 44.6% during the first quarter. First Trust Advisors LP now owns 268,537 shares of the company’s stock valued at $6,611,000 after buying an additional 82,866 shares during the last quarter. Suffolk Capital Management LLC bought a new position in Navistar International Corporation during the first quarter valued at approximately $1,406,000. Strs Ohio bought a new position in Navistar International Corporation during the first quarter valued at approximately $901,000. Quantitative Investment Management LLC bought a new position in Navistar International Corporation during the first quarter valued at approximately $3,111,000. Finally, Russell Investments Group Ltd. boosted its stake in Navistar International Corporation by 99.4% during the first quarter. Russell Investments Group Ltd. now owns 132,967 shares of the company’s stock valued at $3,274,000 after buying an additional 66,267 shares during the last quarter. 84.08% of the stock is owned by institutional investors.
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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