Navistar International Corp (NAV) Expected to Post Q1 2018 Earnings of ($0.29) Per Share
Navistar International Corp (NYSE:NAV) – Analysts at Seaport Global Securities issued their Q1 2018 earnings estimates for Navistar International in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Shlisky forecasts that the company will earn ($0.29) per share for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Navistar International’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $1.16 EPS and FY2018 earnings at $1.79 EPS.
A number of other analysts also recently weighed in on the company. Wells Fargo & Co lifted their price target on Navistar International from $41.00 to $45.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus upgraded Navistar International from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $50.00 in a research note on Tuesday, December 12th. Piper Jaffray Companies set a $37.00 price target on Navistar International and gave the company a “hold” rating in a research note on Sunday, December 10th. OTR Global upgraded Navistar International to a “positive” rating in a research note on Thursday, October 12th. Finally, Gabelli downgraded Navistar International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.54.
Navistar International (NYSE:NAV) last released its earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.71. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.27 billion. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.42) earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of NAV. Ameritas Investment Partners Inc. boosted its position in Navistar International by 10.9% during 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 in the last quarter. Invictus RG purchased a new stake in Navistar International during the third quarter worth $150,000. Financial Engines Advisors L.L.C. boosted its position in 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 worth $160,000 after purchasing an additional 1,319 shares in the last quarter. Hanseatic Management Services Inc. boosted its position in Navistar International by 1.2% during 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 in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Navistar International during the third quarter worth $220,000. Institutional investors own 83.02% of the company’s stock.
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).
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