Wall Street brokerages predict that Navistar International Corp (NYSE:NAV) will announce sales of $3.18 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Navistar International’s earnings. The lowest sales estimate is $2.96 billion and the highest is $3.33 billion. Navistar International posted sales of $2.60 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 22.3%. The company is expected to report its next quarterly earnings report on Tuesday, December 18th.

On average, analysts expect that Navistar International will report full year sales of $10.07 billion for the current financial year, with estimates ranging from $9.90 billion to $10.26 billion. For the next financial year, analysts forecast that the company will report sales of $10.85 billion per share, with estimates ranging from $10.62 billion to $11.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last released its earnings results on Thursday, September 6th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.67 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 17.8% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Navistar International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Monday, September 3rd. Royal Bank of Canada restated a “hold” rating and set a $44.00 target price on shares of Navistar International in a research report on Thursday, July 19th. ValuEngine downgraded shares of Navistar International from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Longbow Research upgraded shares of Navistar International from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.06 to $50.00 in a research report on Friday, June 1st. Finally, 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 research report on Friday, September 7th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.47.

Navistar International stock traded up $0.02 during trading hours on Monday, reaching $40.96. 372,000 shares of the company’s stock traded hands, compared to its average volume of 767,155. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of -0.90. Navistar International has a fifty-two week low of $31.56 and a fifty-two week high of $47.73. The company has a market cap of $4.00 billion, a PE ratio of 80.84, a PEG ratio of 2.65 and a beta of 2.33.

Several large investors have recently made changes to their positions in the stock. Westpac Banking Corp raised its position in shares of Navistar International by 0.8% in the 2nd quarter. Westpac Banking Corp now owns 153,249 shares of the company’s stock valued at $6,240,000 after acquiring an additional 1,200 shares during the period. Swiss National Bank raised its position in shares of Navistar International by 2.8% in the 1st quarter. Swiss National Bank now owns 76,900 shares of the company’s stock valued at $2,689,000 after acquiring an additional 2,100 shares during the period. Global X Management Co LLC raised its position in shares of Navistar International by 20.9% in the 2nd quarter. Global X Management Co LLC now owns 23,073 shares of the company’s stock valued at $940,000 after acquiring an additional 3,989 shares during the period. Northern Trust Corp raised its position in shares of Navistar International by 0.8% in the 1st quarter. Northern Trust Corp now owns 604,008 shares of the company’s stock valued at $21,122,000 after acquiring an additional 4,776 shares during the period. Finally, Ardevora Asset Management LLP raised its position in shares of Navistar International by 0.5% in the 1st quarter. Ardevora Asset Management LLP now owns 935,970 shares of the company’s stock valued at $32,731,000 after acquiring an additional 4,900 shares during the period. Institutional investors and hedge funds own 80.14% 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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