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

Wall Street analysts expect that Navistar International Corp (NYSE:NAV) will announce $2.93 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided 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 posted sales of $2.61 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.3%. The firm is expected to issue its next 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 fiscal year, with estimates ranging from $11.32 billion to $11.51 billion. For the next fiscal year, analysts expect that the business will post sales of $10.98 billion, with estimates ranging from $10.37 billion to $11.59 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last announced its earnings results on Tuesday, June 4th. The company reported $1.06 earnings per share (EPS) 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $0.55 earnings per share. Navistar International’s revenue was up 23.7% compared to the same quarter last year.

A number of brokerages have weighed in on NAV. ValuEngine lowered shares of Navistar International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded 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 note 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 target price on the stock. in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.11.

A number of institutional investors have recently added to or reduced their stakes in NAV. Huntington National Bank increased its position in shares of Navistar International by 335.7% in the 1st quarter. Huntington National Bank now owns 1,063 shares of the company’s stock worth $34,000 after purchasing an additional 819 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Navistar International in the 2nd quarter worth about $34,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Navistar International in the 2nd quarter worth about $37,000. US Bancorp DE increased its position in shares of Navistar International by 101.4% in the 2nd quarter. US Bancorp DE now owns 1,986 shares of the company’s stock worth $68,000 after purchasing an additional 1,000 shares during the last quarter. Finally, CSat Investment Advisory L.P. bought a new stake in shares of Navistar International in the 2nd quarter worth about $109,000. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NAV traded down $1.09 during mid-day trading on Friday, reaching $22.81. The company had a trading volume of 366,539 shares, compared to its average volume of 461,333. The firm has a market capitalization of $2.37 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 0.41 and a beta of 2.15. The company’s fifty day simple moving average is $31.14. Navistar International has a fifty-two week low of $22.46 and a fifty-two week high of $43.71.

Navistar International Company Profile

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.

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

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