Zacks: Analysts Expect Navistar International Corp (NAV) to Announce $0.91 Earnings Per Share

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Wall Street analysts predict that Navistar International Corp (NYSE:NAV) will announce earnings of $0.91 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Navistar International’s earnings, with estimates ranging from $0.77 to $1.05. Navistar International posted earnings per share of $0.37 during the same quarter last year, which would indicate a positive year-over-year growth rate of 145.9%. The company is scheduled to issue its next earnings results on Wednesday, September 5th.

Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Navistar International.

Navistar International (NYSE:NAV) last released its earnings results on Tuesday, June 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.21. Navistar International had a net margin of 1.69% and a negative return on equity of 4.49%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm earned ($0.86) earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $44.00 target price on shares of Navistar International in a report on Thursday, July 19th. Longbow Research raised shares of Navistar International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.06 to $50.00 in a report on Friday, June 1st. ValuEngine raised shares of Navistar International from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Piper Jaffray Companies set a $44.00 price objective on shares of Navistar International and gave the company a “buy” rating in a report on Wednesday, April 25th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Navistar International has an average rating of “Buy” and a consensus target price of $45.56.

A number of hedge funds and other institutional investors have recently bought and sold shares of NAV. LPL Financial LLC acquired a new position in Navistar International in the first quarter valued at about $218,000. Campbell & CO Investment Adviser LLC acquired a new position in Navistar International in the first quarter valued at about $233,000. Royal Bank of Canada lifted its position in Navistar International by 132.8% in the first 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 acquired a new position in Navistar International in the first quarter valued at about $292,000. Finally, Brown Advisory Inc. acquired a new position in Navistar International in the second quarter valued at about $326,000. 81.48% of the stock is currently owned by institutional investors.

Shares of Navistar International traded down $0.63, reaching $41.41, during trading hours on Friday, Marketbeat reports. 220,799 shares of the company’s stock were exchanged, compared to its average volume of 432,395. Navistar International has a 1 year low of $29.53 and a 1 year high of $47.73. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 81.20, a PEG ratio of 4.04 and a beta of 2.28. The company has a quick ratio of 0.82, a current ratio of 1.11 and a debt-to-equity ratio of -0.85.

Navistar International Company Profile

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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