FY2020 Earnings Estimate for Navistar International Corp (NAV) Issued By Jefferies Group

Navistar International Corp (NYSE:NAV) – Investment analysts at Jefferies Group lifted their FY2020 earnings estimates for Navistar International in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Volkmann now expects that the company will post earnings per share of $4.55 for the year, up from their prior estimate of $4.50.

Navistar International (NYSE:NAV) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company earned ($0.42) EPS. Navistar International’s quarterly revenue was up 25.9% on a year-over-year basis.

Several other equities analysts also recently weighed in on NAV. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Navistar International in a report on Friday, November 3rd. Susquehanna Bancshares began coverage on shares of Navistar International in a report on Wednesday, November 29th. They issued a “positive” rating and a $50.00 price target on the stock. Piper Jaffray Companies set a $37.00 price objective on shares of Navistar International and gave the stock a “hold” rating in a research note on Sunday, December 10th. Zacks Investment Research cut shares of Navistar International from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, Gabelli cut shares of 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, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.00.

Shares of Navistar International (NYSE:NAV) traded down $0.79 during trading hours on Tuesday, reaching $40.17. 636,116 shares of the company traded hands, compared to its average volume of 757,253. Navistar International has a one year low of $22.89 and a one year high of $47.73. 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 firm has a market cap of $4,030.00, a P/E ratio of 448.00, a PEG ratio of 4.34 and a beta of 2.58.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Navistar International by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock worth $110,673,000 after purchasing an additional 96,310 shares during the period. Impala Asset Management LLC lifted its position in shares of Navistar International by 2.5% during the 4th quarter. Impala Asset Management LLC now owns 1,141,724 shares of the company’s stock valued at $48,957,000 after buying an additional 27,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Navistar International by 26.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock valued at $46,318,000 after buying an additional 219,123 shares in the last quarter. State Street Corp lifted its position in shares of Navistar International by 2.5% during the 2nd quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after buying an additional 25,176 shares in the last quarter. Finally, Northern Trust Corp lifted its position 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 buying an additional 9,127 shares in the last quarter. 81.19% of the stock is currently 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).

Earnings History and Estimates for Navistar International (NYSE:NAV)

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