Wall Street analysts forecast that Navistar International Corp (NYSE:NAV) will post sales of $2.66 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Navistar International’s earnings. The highest sales estimate is $2.86 billion and the lowest is $2.54 billion. Navistar International reported sales of $2.21 billion in the same quarter last year, which indicates a positive year over year growth rate of 20.4%. The business is expected to announce its next quarterly earnings report on Wednesday, September 5th.
According to Zacks, analysts expect that Navistar International will report full year sales of $9.90 billion for the current financial year, with estimates ranging from $9.63 billion to $10.13 billion. For the next year, analysts forecast that the business will report sales of $10.56 billion per share, with estimates ranging from $10.43 billion to $10.86 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Navistar International.
Get Navistar International alerts:Navistar International (NYSE:NAV) last posted its quarterly earnings results on Tuesday, June 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.21. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.43 billion. Navistar International had a negative return on equity of 4.49% and a net margin of 1.69%. Navistar International’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.86) EPS.
A number of equities research analysts have issued reports on NAV shares. JPMorgan Chase & Co. reduced their price target on Navistar International from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 10th. ValuEngine lowered Navistar International from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. Piper Jaffray Companies set a $44.00 price target on Navistar International and gave the company a “buy” rating in a research report on Wednesday, April 25th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $44.00 price target on shares of Navistar International in a research report on Thursday. Finally, Longbow Research raised Navistar International from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.06 to $50.00 in a research report on Friday, June 1st. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $45.56.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NAV. LPL Financial LLC purchased a new position in shares of Navistar International in the 1st quarter valued at about $218,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Navistar International in the 1st quarter valued at about $233,000. Royal Bank of Canada increased its holdings in shares of Navistar International by 132.8% in the 1st quarter. Royal Bank of Canada now owns 8,135 shares of the company’s stock valued at $285,000 after acquiring an additional 32,926 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Navistar International in the 1st quarter valued at about $292,000. Finally, XR Securities LLC purchased a new position in shares of Navistar International in the 2nd quarter valued at about $350,000. Institutional investors and hedge funds own 81.33% of the company’s stock.
NAV stock opened at $43.52 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.82 and a debt-to-equity ratio of -0.85. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 85.84, a P/E/G ratio of 4.06 and a beta of 2.40. Navistar International has a 1 year low of $28.83 and a 1 year high of $47.73.
Navistar International Company Profile
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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