Equities research analysts expect that Navistar International Corp (NYSE:NAV) will report sales of $1.85 billion for the current quarter, Zacks reports. Six analysts have made estimates for Navistar International’s earnings. The highest sales estimate is $1.95 billion and the lowest is $1.73 billion. Navistar International posted sales of $1.66 billion in the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The firm is expected to report its next earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Navistar International will report full year sales of $1.85 billion for the current fiscal year, with estimates ranging from $9.06 billion to $9.60 billion. For the next fiscal year, analysts forecast that the business will post sales of $9.90 billion per share, with estimates ranging from $9.20 billion to $10.56 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Navistar International.
Navistar International (NYSE:NAV) last posted its earnings results on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.71. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.27 billion. Navistar International had a net margin of 0.35% and a negative return on equity of 0.96%. 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) EPS.
NAV has been the topic of a number of research reports. UBS Group reissued a “neutral” rating and set a $39.00 target price (up previously from $31.00) on shares of Navistar International in a research report on Monday, September 18th. Jefferies Group reissued a “buy” rating and set a $47.00 target price on shares of Navistar International in a research report on Tuesday, September 26th. Aegis reissued a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Navistar International in a research report on Tuesday, September 26th. Wells Fargo & Co raised their target price on shares of Navistar International from $41.00 to $45.00 and gave the company a “market perform” rating in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Navistar International from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.00.
Navistar International (NYSE:NAV) traded down $0.63 during midday trading on Friday, reaching $45.40. 744,143 shares of the company’s stock were exchanged, compared to its average volume of 904,807. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of -0.85. The stock has a market cap of $4,531.62, a P/E ratio of 378.33, a price-to-earnings-growth ratio of 5.23 and a beta of 2.71. Navistar International has a 1-year low of $22.89 and a 1-year high of $47.47.
Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Navistar International by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after buying an additional 430 shares in the last quarter. Invictus RG bought a new stake in shares of Navistar International in the 3rd quarter valued at about $150,000. Financial Engines Advisors L.L.C. boosted its stake in Navistar International by 57.0% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock worth $160,000 after purchasing an additional 1,319 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in Navistar International by 1.2% in the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after purchasing an additional 81 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Navistar International in the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 83.02% 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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