Navistar International Corp (NYSE:NAV) – Research analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Navistar International in a report issued on Monday. Jefferies Group analyst S. Volkmann now expects that the company will post earnings of $2.30 per share for the year, up from their previous estimate of $2.00. Jefferies Group also issued estimates for Navistar International’s FY2019 earnings at $3.55 EPS.
A number of other equities research analysts have also issued reports on NAV. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price on shares of Navistar International in a research report on Friday, November 3rd. Susquehanna Bancshares began coverage on Navistar International in a research note on Wednesday, November 29th. They issued a “positive” rating and a $50.00 price target for the company. 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. Zacks Investment Research downgraded Navistar International from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, Gabelli downgraded Navistar International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.00.
Navistar International (NYSE:NAV) last announced 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. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm earned ($0.42) EPS. Navistar International’s revenue for the quarter was up 25.9% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Navistar International by 10.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 271,300 shares of the company’s stock worth $11,957,000 after acquiring an additional 25,570 shares during the period. EAM Investors LLC bought a new position in shares of Navistar International during the 3rd quarter worth approximately $2,548,000. Nationwide Fund Advisors boosted 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 worth $1,900,000 after acquiring an additional 15,410 shares during the period. Vanguard Group Inc. boosted 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 acquiring an additional 96,310 shares during the period. Finally, Northern Trust Corp boosted 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 worth $16,189,000 after acquiring an additional 9,127 shares during the period. Hedge funds and other institutional investors own 81.19% of the company’s stock.
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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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