Equities analysts expect Navistar International Corp (NYSE:NAV) to post sales of $2.20 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Navistar International’s earnings. The highest sales estimate is $2.62 billion and the lowest is $1.97 billion. Navistar International reported sales of $1.91 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The company is expected to announce its next quarterly earnings results on Thursday, March 14th.

On average, analysts expect that Navistar International will report full-year sales of $10.68 billion for the current financial year, with estimates ranging from $10.31 billion to $10.84 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.12 billion, with estimates ranging from $9.74 billion to $10.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Navistar International.

Navistar International (NYSE:NAV) last issued its earnings results on Tuesday, December 18th. The company reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.21. Navistar International had a net margin of 3.32% and a negative return on equity of 7.75%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm’s quarterly revenue was up 27.7% on a year-over-year basis.

NAV has been the topic of several recent research reports. Goldman Sachs Group cut shares of Navistar International from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $43.00 to $23.00 in a report on Monday, December 10th. ValuEngine cut shares of Navistar International from a “hold” rating to a “sell” rating in a report on Wednesday, December 5th. Loop Capital upgraded shares of Navistar International from a “hold” rating to a “buy” rating in a report on Thursday, December 6th. Zacks Investment Research reiterated a “hold” rating and set a $37.00 target price on shares of Navistar International in a report on Wednesday, November 14th. Finally, Robert W. Baird increased their target price on shares of Navistar International from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, December 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.21.

Navistar International stock traded down $0.36 during midday trading on Wednesday, hitting $30.97. 617,900 shares of the company’s stock were exchanged, compared to its average volume of 516,860. Navistar International has a 12 month low of $23.69 and a 12 month high of $47.73. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.78 and a beta of 2.29.

In other news, Director Stephen R. D’arcy purchased 3,500 shares of the stock in a transaction dated Thursday, December 20th. The shares were acquired at an average cost of $26.69 per share, for a total transaction of $93,415.00. Following the acquisition, the director now owns 3,383 shares of the company’s stock, valued at $90,292.27. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 18.10% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in NAV. Victory Capital Management Inc. raised its position in shares of Navistar International by 1,317.3% in the 3rd quarter. Victory Capital Management Inc. now owns 809,919 shares of the company’s stock valued at $31,183,000 after purchasing an additional 752,772 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Navistar International in the 3rd quarter valued at approximately $8,351,000. 1060 Capital LLC purchased a new position in shares of Navistar International in the 3rd quarter valued at approximately $7,700,000. American Century Companies Inc. purchased a new position in shares of Navistar International in the 3rd quarter valued at approximately $6,538,000. Finally, First Trust Advisors LP raised its position in shares of Navistar International by 1,346.8% in the 3rd quarter. First Trust Advisors LP now owns 138,732 shares of the company’s stock valued at $5,341,000 after purchasing an additional 129,143 shares during the last quarter. 74.06% 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.

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

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