Navistar International Corp (NYSE:NAV) – Stock analysts at Gabelli dropped their FY2019 EPS estimates for shares of Navistar International in a note issued to investors on Friday. Gabelli analyst B. Sponheimer now expects that the company will post earnings of $3.00 per share for the year, down from their previous estimate of $3.05. Gabelli currently has a “Buy” rating and a $52.00 price target on the stock.
Navistar International (NYSE:NAV) last posted its earnings results on Thursday, March 8th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.17. Navistar International had a net margin of 0.22% and a negative return on equity of 1.78%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned ($0.76) EPS. Navistar International’s quarterly revenue was up 14.6% on a year-over-year basis.
Navistar International (NYSE:NAV) traded up $0.22 during midday trading on Monday, reaching $35.21. 676,419 shares of the company’s stock traded hands, compared to its average volume of 924,030. Navistar International has a 1 year low of $22.89 and a 1 year high of $47.73. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of -0.91. The company has a market cap of $3,430.00, a PE ratio of 316.73, a price-to-earnings-growth ratio of 3.79 and a beta of 2.66.
A number of hedge funds have recently added to or reduced their stakes in NAV. State Street Corp lifted its stake in Navistar International by 2.5% during the second quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after purchasing an additional 25,176 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Navistar International by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 40,180 shares of the company’s stock valued at $1,054,000 after acquiring an additional 1,086 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Navistar International during the third quarter valued at approximately $229,000. Ballentine Partners LLC acquired a new stake in shares of Navistar International during the third quarter valued at approximately $220,000. Finally, Financial Engines Advisors L.L.C. raised 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 valued at $160,000 after acquiring an additional 1,319 shares during the period. 81.78% of the stock is owned by institutional investors and hedge funds.
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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).
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