Navistar International Corp (NYSE:NAV) – Equities research analysts at Seaport Global Securities issued their FY2019 EPS estimates for shares of Navistar International in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Shlisky expects that the company will post earnings of $2.49 per share for the year. Seaport Global Securities has a “Neutral” rating on the stock.

Navistar International (NYSE:NAV) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “hold” rating and set a $45.00 price target on shares of Navistar International in a report on Thursday, January 11th. Piper Jaffray Companies set a $44.00 price target on shares of Navistar International and gave the company a “hold” rating in a report on Monday. Zacks Investment Research cut shares of Navistar International from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Aegis reiterated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Navistar International in a report on Tuesday, September 26th. Finally, Stifel Nicolaus upgraded shares of Navistar International from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $50.00 in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Navistar International presently has an average rating of “Hold” and a consensus target price of $43.54.

Navistar International (NAV) traded down $0.33 during trading hours on Wednesday, hitting $43.79. 702,511 shares of the stock were exchanged, compared to its average volume of 662,264. Navistar International has a 1 year low of $22.89 and a 1 year 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. The stock has a market capitalization of $4,310.00, a PE ratio of 486.56, a price-to-earnings-growth ratio of 5.16 and a beta of 2.71.

A number of institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in Navistar International by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 282,623 shares of the company’s stock valued at $12,119,000 after purchasing an additional 11,323 shares during the period. Cetera Advisors LLC bought a new position in Navistar International during the third quarter valued at approximately $301,000. Cubist Systematic Strategies LLC bought a new position in Navistar International during the third quarter valued at approximately $769,000. Engineers Gate Manager LP bought a new position in Navistar International during the third quarter valued at approximately $2,982,000. Finally, Invictus RG bought a new position in Navistar International during the third quarter valued at approximately $150,000. Institutional investors own 83.02% of the company’s stock.

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About Navistar International

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 (NYSE:NAV)

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