Brokerages Expect Navistar International Corporation (NAV) to Post $0.63 EPS

Wall Street brokerages expect that Navistar International Corporation (NYSE:NAV) will report $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Navistar International Corporation’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.78. Navistar International Corporation reported earnings per share of ($0.28) in the same quarter last year, which would indicate a positive year-over-year growth rate of 325%. The business is scheduled to announce its next earnings results on Tuesday, December 19th.

Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Navistar International Corporation.

Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm earned ($0.42) earnings per share. Navistar International Corporation’s quarterly revenue was up 6.1% compared to the same quarter last year.

A number of equities analysts have recently issued reports on the company. Robert W. Baird reiterated a “buy” rating on shares of Navistar International Corporation in a report on Tuesday, September 5th. Deutsche Bank AG upped their price objective on Navistar International Corporation from $26.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Wells Fargo & Company upped their price objective on Navistar International Corporation from $41.00 to $45.00 and gave the stock a “market perform” rating in a report on Friday, October 6th. Jefferies Group LLC reiterated a “positive” rating and issued a $47.00 price objective (up from $35.00) on shares of Navistar International Corporation in a report on Thursday, September 7th. Finally, Royal Bank Of Canada upped their price objective on Navistar International Corporation from $31.00 to $36.00 and gave the stock a “sector perform” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Navistar International Corporation presently has a consensus rating of “Hold” and an average price target of $37.67.

In other news, Director Stephen R. D’arcy sold 1,000 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $44.34, for a total value of $44,340.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.80% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of Navistar International Corporation by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,730 shares of the company’s stock worth $6,446,000 after acquiring an additional 2,492 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Navistar International Corporation by 27.0% in 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 in the last quarter. Vanguard Group Inc. raised its position in shares of Navistar International Corporation by 2.3% in 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 in the last quarter. Northern Trust Corp raised its position in shares of Navistar International Corporation by 1.5% in 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 in the last quarter. Finally, Impala Asset Management LLC bought a new position in shares of Navistar International Corporation in the 2nd quarter worth approximately $29,727,000. 82.53% of the stock is owned by hedge funds and other institutional investors.

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Navistar International Corporation (NYSE:NAV) opened at $37.60 on Monday. Navistar International Corporation has a 52-week low of $22.89 and a 52-week high of $45.47. The company has a debt-to-equity ratio of -0.86, a current ratio of 1.23 and a quick ratio of 0.94.

About Navistar International Corporation

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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Earnings History and Estimates for Navistar International Corporation (NYSE:NAV)

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