$0.63 Earnings Per Share Expected for Navistar International Corporation (NAV) This Quarter
Wall Street analysts expect that Navistar International Corporation (NYSE:NAV) will report $0.63 earnings per share (EPS) 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 $0.78 and the lowest estimate coming in at $0.48. Navistar International Corporation reported earnings of ($0.28) per share in the same quarter last year, which would indicate a positive year over year growth rate of 325%. The firm is scheduled to issue its next earnings results on Tuesday, December 19th.
Zacks’ EPS averages are an average based on a survey of analysts that follow Navistar International Corporation.
Navistar International Corporation (NYSE:NAV) last issued its earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.17 billion. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.42) earnings per share.
A number of brokerages have recently weighed in on NAV. Zacks Investment Research cut shares of Navistar International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Aegis reaffirmed a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Navistar International Corporation in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $27.00 target price on shares of Navistar International Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “positive” rating and issued a $47.00 target price (up from $35.00) on shares of Navistar International Corporation in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Navistar International Corporation from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Navistar International Corporation currently has a consensus rating of “Hold” and a consensus target price of $36.08.
In related news, major shareholder Truck & Bus Gmbh Volkswagen purchased 24,800 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $29.95 per share, for a total transaction of $742,760.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen R. D’arcy sold 1,000 shares of Navistar International Corporation stock in a transaction on Friday, October 6th. The shares were sold at an average price of $44.34, for a total transaction of $44,340.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 114,617 shares of company stock worth $3,430,324. 21.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in NAV. Ameritas Investment Partners Inc. boosted its holdings in shares of Navistar International Corporation by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after purchasing an additional 430 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Navistar International Corporation during the 1st quarter valued at $123,000. Creative Planning lifted its holdings in shares of Navistar International Corporation by 7.7% during the 2nd quarter. Creative Planning now owns 5,464 shares of the company’s stock valued at $143,000 after acquiring an additional 389 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Navistar International Corporation by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after acquiring an additional 81 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Navistar International Corporation by 88.5% during the 2nd quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock valued at $228,000 after acquiring an additional 4,065 shares in the last quarter. Institutional investors own 83.93% of the company’s stock.
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Shares of Navistar International Corporation (NAV) traded down 1.34% on Monday, hitting $41.93. The stock had a trading volume of 333,550 shares. The company’s 50 day moving average is $42.12 and its 200 day moving average is $32.12. The stock’s market cap is $4.12 billion. Navistar International Corporation has a one year low of $22.36 and a one year high of $45.47.
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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