Equities analysts predict that Navistar International Corp (NYSE:NAV) will announce sales of $1.85 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Navistar International’s earnings, with the highest sales estimate coming in at $1.95 billion and the lowest estimate coming in at $1.73 billion. Navistar International posted sales of $1.66 billion in the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The firm is scheduled to report its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Navistar International will report full-year sales of $1.85 billion for the current year, with estimates ranging from $9.06 billion to $9.60 billion. For the next year, analysts anticipate that the firm will report sales of $9.90 billion per share, with estimates ranging from $9.20 billion to $10.56 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $0.65 by $0.71. Navistar International had a net margin of 0.35% and a negative return on equity of 0.96%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm posted ($0.42) earnings per share. Navistar International’s quarterly revenue was up 25.9% on a year-over-year basis.

NAV has been the topic of several analyst reports. Wells Fargo & Co upped their target price on shares of Navistar International from $41.00 to $45.00 and gave the stock a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus upgraded shares of Navistar International from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $50.00 in a research note on Tuesday, December 12th. Piper Jaffray Companies set a $37.00 target price on shares of Navistar International and gave the stock a “hold” rating in a research note on Sunday, December 10th. OTR Global upgraded shares of Navistar International to a “positive” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of Navistar International from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Navistar International has a consensus rating of “Hold” and a consensus target price of $43.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAV. Ameritas Investment Partners Inc. raised its holdings in shares of Navistar International by 10.9% during the second 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. Invictus RG purchased a new position in shares of Navistar International during the third quarter valued at approximately $150,000. Financial Engines Advisors L.L.C. raised its holdings in shares of Navistar International by 57.0% during the third quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock valued at $160,000 after purchasing an additional 1,319 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in shares of Navistar International by 1.2% during the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after purchasing an additional 81 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Navistar International during the third quarter valued at approximately $220,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

Shares of Navistar International (NYSE NAV) traded down $0.63 during midday trading on Friday, hitting $45.40. 744,143 shares of the stock traded hands, compared to its average volume of 904,807. The company has a market capitalization of $4,531.62, a P/E ratio of 378.33, a PEG ratio of 5.23 and a beta of 2.71. Navistar International has a 52-week low of $22.89 and a 52-week high of $47.47. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of -0.85.

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Navistar International 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 (NYSE:NAV)

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