Navistar International (NAV) Releases Earnings Results, Beats Estimates By $0.71 EPS

Navistar International (NYSE:NAV) issued its quarterly earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.71, reports. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the business earned ($0.42) EPS. The business’s quarterly revenue was up 25.9% on a year-over-year basis.

Shares of Navistar International (NYSE:NAV) opened at $43.93 on Thursday. Navistar International has a 52 week low of $22.89 and a 52 week high of $47.47. The firm has a market capitalization of $4,320.00, a P/E ratio of 488.11, a P/E/G ratio of 4.97 and a beta of 2.71. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14.

A number of brokerages have issued reports on NAV. Jefferies Group reiterated a “buy” rating and set a $47.00 price target on shares of Navistar International in a research report on Tuesday, September 26th. Aegis reissued a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Navistar International in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating and set a $51.00 target price on shares of Navistar International in a research report on Thursday, December 21st. BMO Capital Markets boosted their target price on Navistar International from $25.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised Navistar International from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $42.31.

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About Navistar International

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).

Earnings History for Navistar International (NYSE:NAV)

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