$2.93 Billion in Sales Expected for Navistar International Corp (NYSE:NAV) This Quarter

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Analysts expect Navistar International Corp (NYSE:NAV) to announce $2.93 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Navistar International’s earnings, with the highest sales estimate coming in at $3.02 billion and the lowest estimate coming in at $2.73 billion. Navistar International reported sales of $2.61 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.3%. The firm is expected to report its next quarterly earnings report on Thursday, September 5th.

According to Zacks, analysts expect that Navistar International will report full-year sales of $11.46 billion for the current financial year, with estimates ranging from $11.32 billion to $11.51 billion. For the next financial year, analysts expect that the firm will report sales of $10.98 billion, with estimates ranging from $10.37 billion to $11.59 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Navistar International.

Navistar International (NYSE:NAV) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.18. Navistar International had a net margin of 2.83% and a negative return on equity of 10.59%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the company posted $0.55 EPS. The company’s revenue was up 23.7% on a year-over-year basis.

A number of brokerages recently issued reports on NAV. ValuEngine lowered shares of Navistar International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Navistar International from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Friday, June 14th. Finally, Longbow Research downgraded shares of Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 price objective for the company. in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.11.

Shares of NAV traded down $1.09 during mid-day trading on Friday, reaching $22.81. 366,539 shares of the company’s stock were exchanged, compared to its average volume of 461,333. The stock’s 50-day simple moving average is $31.14. Navistar International has a 52-week low of $22.46 and a 52-week high of $43.71. The company has a market cap of $2.37 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 0.41 and a beta of 2.15.

A number of institutional investors have recently bought and sold shares of NAV. Boston Advisors LLC raised its holdings in shares of Navistar International by 1.8% during the first quarter. Boston Advisors LLC now owns 58,996 shares of the company’s stock valued at $1,906,000 after acquiring an additional 1,041 shares during the period. Norges Bank acquired a new position in Navistar International in the 4th quarter valued at approximately $5,228,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Navistar International in the 1st quarter valued at approximately $1,295,000. Zeke Capital Advisors LLC increased its stake in Navistar International by 30.1% in the 1st quarter. Zeke Capital Advisors LLC now owns 58,746 shares of the company’s stock valued at $1,897,000 after buying an additional 13,600 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in Navistar International in the 1st quarter valued at approximately $241,000. 79.50% of the stock is owned by hedge funds and other institutional investors.

About Navistar International

Navistar International Corporation, through its subsidiaries, 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.

See Also: Arbitrage

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

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