$1.62 Earnings Per Share Expected for Navistar International Corp (NAV) This Quarter

Brokerages forecast that Navistar International Corp (NYSE:NAV) will announce earnings of $1.62 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Navistar International’s earnings. The highest EPS estimate is $2.10 and the lowest is $1.17. Navistar International reported earnings per share of $1.43 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The company is expected to issue its next quarterly earnings report on Tuesday, December 18th.

Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Navistar International.

Navistar International (NYSE:NAV) last posted its earnings results on Thursday, September 6th. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.78. Navistar International had a net margin of 3.01% and a negative return on equity of 6.45%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Navistar International from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, September 27th. Buckingham Research upgraded shares of Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, September 7th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating and issued a $44.00 target price on shares of Navistar International in a report on Thursday, July 19th. ValuEngine upgraded shares of Navistar International from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Loop Capital assumed coverage on shares of Navistar International in a report on Monday, October 1st. They issued a “hold” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.08.

Shares of NAV traded up $0.02 on Friday, reaching $34.97. The company’s stock had a trading volume of 474,900 shares, compared to its average volume of 736,323. The company has a debt-to-equity ratio of -0.90, a current ratio of 1.14 and a quick ratio of 0.81. Navistar International has a twelve month low of $31.56 and a twelve month high of $47.73. The firm has a market capitalization of $3.62 billion, a PE ratio of 68.61, a P/E/G ratio of 2.31 and a beta of 2.34.

Large investors have recently bought and sold shares of the business. Cerebellum GP LLC purchased a new stake in Navistar International in the 3rd quarter valued at about $177,000. LPL Financial LLC purchased a new stake in Navistar International in the 1st quarter valued at about $218,000. Royal Bank of Canada increased its stake in 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 buying an additional 32,926 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Navistar International in the 1st quarter valued at about $292,000. Finally, Brown Advisory Inc. purchased a new stake in Navistar International in the 2nd quarter valued at about $326,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

About Navistar International

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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