Navistar International Corporation (NYSE:NAV) – Investment analysts at Jefferies Group issued their Q2 2018 earnings per share (EPS) estimates for shares of Navistar International Corporation in a research report issued on Wednesday. Jefferies Group analyst S. Volkmann anticipates that the company will earn $0.25 per share for the quarter. Jefferies Group has a “Positive” rating and a $47.00 price target on the stock. Jefferies Group also issued estimates for Navistar International Corporation’s Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $3.75 EPS.

Navistar International Corporation (NYSE:NAV) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business posted ($0.42) EPS. Navistar International Corporation’s revenue for the quarter was up 6.1% compared to the same quarter last year.

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A number of other equities analysts also recently issued reports on NAV. Robert W. Baird raised shares of Navistar International Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $32.00 to $33.00 in a report on Monday, June 5th. Barclays PLC reaffirmed a “sell” rating and set a $20.00 price objective on shares of Navistar International Corporation in a report on Thursday, June 8th. 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 report on Friday, June 9th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $32.00 price objective (up from $26.50) on shares of Navistar International Corporation in a report on Friday, June 9th. Finally, UBS AG reaffirmed a “neutral” rating and set a $31.00 price objective (up from $29.00) on shares of Navistar International Corporation in a report on Sunday, June 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $29.85.

Shares of Navistar International Corporation (NYSE NAV) traded up 3.954% during midday trading on Thursday, hitting $37.725. 529,063 shares of the company’s stock traded hands. The company has a 50 day moving average price of $31.17 and a 200 day moving average price of $27.70. Navistar International Corporation has a 1-year low of $13.57 and a 1-year high of $38.08. The firm’s market capitalization is $3.70 billion.

In related news, major shareholder Truck & Bus Gmbh Volkswagen purchased 43,501 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were purchased at an average cost of $29.25 per share, for a total transaction 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. Over the last quarter, insiders have bought 499,781 shares of company stock worth $14,693,815. Company insiders own 21.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its position in shares of Navistar International Corporation by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after purchasing an additional 430 shares during the last quarter. FNY Partners Fund LP bought a new position in shares of Navistar International Corporation in the first quarter worth approximately $123,000. Creative Planning increased its position in shares of Navistar International Corporation by 7.7% in the second quarter. Creative Planning now owns 5,464 shares of the company’s stock worth $143,000 after purchasing an additional 389 shares during the last quarter. Hanseatic Management Services Inc. increased its position in shares of Navistar International Corporation by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after purchasing an additional 81 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Navistar International Corporation by 88.5% in the second quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock worth $228,000 after purchasing an additional 4,065 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.

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).

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

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