$1.61 EPS Expected for Navistar International Corp (NAV) This Quarter

Equities analysts expect that Navistar International Corp (NYSE:NAV) will announce earnings per share (EPS) of $1.61 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Navistar International’s earnings, with estimates ranging from $1.17 to $2.10. Navistar International posted earnings of $1.43 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.6%. The firm is expected to report its next earnings report on Tuesday, December 18th.

Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Navistar International.

Navistar International (NYSE:NAV) last issued its quarterly earnings results on Thursday, September 6th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.78. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The company’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share.

Several brokerages have weighed in on NAV. Zacks Investment Research raised Navistar International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, September 3rd. Royal Bank of Canada reissued a “hold” rating and issued a $44.00 price target on shares of Navistar International in a report on Thursday, July 19th. ValuEngine downgraded Navistar International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Loop Capital began coverage on Navistar International in a report on Monday, October 1st. They issued a “hold” rating and a $42.00 price target for the company. Finally, Buckingham Research raised Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Friday, September 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Navistar International currently has an average rating of “Buy” and a consensus target price of $46.08.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Navistar International by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,252,905 shares of the company’s stock worth $51,017,000 after purchasing an additional 95,482 shares during the last quarter. Northern Trust Corp raised its stake in shares of Navistar International by 1.0% in the second quarter. Northern Trust Corp now owns 609,747 shares of the company’s stock worth $24,829,000 after purchasing an additional 5,739 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Navistar International by 5.3% in the second quarter. OppenheimerFunds Inc. now owns 450,099 shares of the company’s stock worth $18,328,000 after purchasing an additional 22,626 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Navistar International by 426.1% in the first quarter. Point72 Asset Management L.P. now owns 409,800 shares of the company’s stock worth $14,331,000 after purchasing an additional 331,900 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Navistar International by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 333,038 shares of the company’s stock worth $13,562,000 after purchasing an additional 15,275 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

NYSE NAV traded down $0.06 during trading on Friday, hitting $34.86. The company’s stock had a trading volume of 598,500 shares, compared to its average volume of 743,595. The company has a debt-to-equity ratio of -0.90, a quick ratio of 0.81 and a current ratio of 1.14. The company has a market cap of $3.81 billion, a PE ratio of 68.35, a P/E/G ratio of 2.52 and a beta of 2.34. Navistar International has a fifty-two week low of $31.56 and a fifty-two week high of $47.73.

About Navistar International

Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

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