Navistar International Corp to Post FY2018 Earnings of $2.30 Per Share, Jefferies Group Forecasts (NAV)

Navistar International Corp (NYSE:NAV) – Stock analysts at Jefferies Group raised their FY2018 EPS estimates for Navistar International in a research report issued on Monday. Jefferies Group analyst S. Volkmann now forecasts that the company will post earnings per share of $2.30 for the year, up from their previous estimate of $2.00. Jefferies Group also issued estimates for Navistar International’s FY2019 earnings at $3.55 EPS.

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

A number of other research firms also recently weighed in on NAV. Stifel Nicolaus reissued a “hold” rating and set a $45.00 target price on shares of Navistar International in a report on Friday, November 3rd. Zacks Investment Research downgraded Navistar International from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Piper Jaffray Companies set a $37.00 price target on Navistar International and gave the company a “hold” rating in a research note on Sunday, December 10th. BMO Capital Markets boosted their price target on Navistar International from $25.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, December 22nd. Finally, Buckingham Research started coverage on Navistar International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $48.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.00.

Navistar International (NAV) traded down $0.79 during mid-day trading on Wednesday, reaching $39.56. 352,862 shares of the company’s stock were exchanged, compared to its average volume of 765,226. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14. Navistar International has a 1 year low of $22.89 and a 1 year high of $47.73. The company has a market capitalization of $3,970.00, a PE ratio of 440.89, a price-to-earnings-growth ratio of 4.23 and a beta of 2.58.

A number of institutional investors have recently added to or reduced their stakes in NAV. Ameritas Investment Partners Inc. grew its position in Navistar International by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after acquiring an additional 430 shares during the last quarter. Invictus RG bought a new stake in shares of Navistar International during the third quarter worth about $150,000. Financial Engines Advisors L.L.C. grew its holdings in shares of Navistar International by 57.0% during the third 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 during the last quarter. Ballentine Partners LLC bought a new stake in shares of Navistar International during the third quarter worth about $220,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Navistar International during the third quarter worth about $229,000. Hedge funds and other institutional investors own 81.19% 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).

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

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