Analysts Anticipate Navistar International Corp (NAV) Will Announce Earnings of -$0.37 Per Share

Brokerages predict that Navistar International Corp (NYSE:NAV) will report earnings per share (EPS) of ($0.37) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Navistar International’s earnings. The lowest EPS estimate is ($0.65) and the highest is ($0.03). Navistar International posted earnings of ($0.76) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 51.3%. The company is expected to issue its next quarterly earnings results on Tuesday, March 6th.

Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Navistar International.

Navistar International (NYSE:NAV) last announced its quarterly earnings data on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, beating the consensus estimate of $0.65 by $0.71. The business had revenue of $2.60 billion during 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% on a year-over-year basis. During the same quarter last year, the firm posted ($0.42) earnings per share.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Navistar International from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 price target on shares of Navistar International in a research report on Thursday, January 11th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Navistar International in a research report on Tuesday, January 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $51.00 price target on shares of Navistar International in a research report on Thursday, December 21st. Finally, Susquehanna Bancshares assumed coverage on Navistar International in a research report on Wednesday, November 29th. They issued a “positive” rating and a $50.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Navistar International has a consensus rating of “Hold” and an average price target of $43.86.

Shares of Navistar International (NAV) traded up $1.04 during trading on Friday, reaching $47.45. The company’s stock had a trading volume of 521,617 shares, compared to its average volume of 910,508. The company has a debt-to-equity ratio of -0.85, a current ratio of 1.14 and a quick ratio of 0.91. The stock has a market capitalization of $4,670.00, a price-to-earnings ratio of 527.22, a P/E/G ratio of 5.16 and a beta of 2.71. Navistar International has a fifty-two week low of $22.89 and a fifty-two week high of $47.50.

A number of large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in shares of Navistar International by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,730 shares of the company’s stock valued at $6,446,000 after purchasing an additional 2,492 shares during the period. Teachers Advisors LLC grew its stake in shares of Navistar International by 4.3% during the 2nd quarter. Teachers Advisors LLC now owns 92,239 shares of the company’s stock valued at $2,419,000 after purchasing an additional 3,763 shares during the period. Nationwide Fund Advisors grew its stake in shares of Navistar International by 27.0% during the 2nd quarter. Nationwide Fund Advisors now owns 72,424 shares of the company’s stock valued at $1,900,000 after purchasing an additional 15,410 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Navistar International by 0.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after purchasing an additional 176 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Navistar International by 1.5% during the 2nd quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock valued at $16,189,000 after purchasing an additional 9,127 shares during the period. 83.02% of the stock is owned by institutional investors and hedge funds.

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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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