Navistar International Corp (NYSE:NAV) – Investment analysts at Seaport Global Securities increased their Q2 2018 earnings estimates for shares of Navistar International in a research report issued on Monday. Seaport Global Securities analyst M. Shlisky now anticipates that the company will post earnings of $0.26 per share for the quarter, up from their prior forecast of $0.20. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Navistar International’s Q3 2018 earnings at $0.86 EPS and FY2019 earnings at $2.66 EPS.
Navistar International (NYSE:NAV) last posted its earnings results on Thursday, March 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.17. Navistar International had a net margin of 0.22% and a negative return on equity of 1.78%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the business posted ($0.76) EPS. Navistar International’s revenue was up 14.6% compared to the same quarter last year.
Shares of Navistar International (NAV) opened at $35.13 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of -0.91. Navistar International has a 1-year low of $22.89 and a 1-year high of $47.73. The firm has a market cap of $3,444.74, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 3.68 and a beta of 2.67.
Several large investors have recently added to or reduced their stakes in NAV. Invictus RG bought a new position in shares of Navistar International during the 3rd quarter worth about $150,000. Financial Engines Advisors L.L.C. lifted its holdings in shares of Navistar International by 57.0% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock worth $160,000 after acquiring an additional 1,319 shares during the period. Principal Financial Group Inc. bought a new position in shares of Navistar International during the 3rd quarter worth about $229,000. Amalgamated Bank bought a new position in shares of Navistar International during the 3rd quarter worth about $274,000. Finally, Pacer Advisors Inc. bought a new position in shares of Navistar International during the 3rd quarter worth about $301,000. 81.78% of the stock is owned by institutional investors.
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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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