Equities research analysts expect Navistar International Corp (NYSE:NAV) to report $0.82 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for Navistar International’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $0.52. Navistar International reported earnings per share of $0.55 during the same quarter last year, which suggests a positive year over year growth rate of 49.1%. The business is scheduled to issue its next quarterly earnings results on Tuesday, June 4th.

Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last posted its quarterly earnings results on Friday, March 8th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Navistar International had a net margin of 3.93% and a negative return on equity of 8.96%. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company posted ($0.74) earnings per share. Navistar International’s revenue for the quarter was up 27.7% compared to the same quarter last year.

Several equities research analysts have commented on the stock. ValuEngine raised shares of Navistar International from a “sell” rating to a “hold” rating in a report on Tuesday. Longbow Research downgraded shares of Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 price objective on the stock. in a report on Monday, May 6th. Zacks Investment Research raised shares of Navistar International from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, TheStreet raised shares of Navistar International from a “d-” rating to a “c” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.21.

NYSE:NAV traded down $1.50 during mid-day trading on Wednesday, hitting $32.79. The company’s stock had a trading volume of 24,430 shares, compared to its average volume of 340,631. Navistar International has a 1 year low of $23.69 and a 1 year high of $44.34. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.69 and a beta of 2.25.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Oxford Asset Management LLP purchased a new position in shares of Navistar International during the first quarter valued at approximately $1,094,000. Wellington Management Group LLP lifted its stake in shares of Navistar International by 105.9% during the first quarter. Wellington Management Group LLP now owns 62,571 shares of the company’s stock valued at $2,021,000 after buying an additional 32,177 shares during the period. Geode Capital Management LLC lifted its stake in shares of Navistar International by 8.8% during the first quarter. Geode Capital Management LLC now owns 689,340 shares of the company’s stock valued at $22,265,000 after buying an additional 55,720 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Navistar International by 7.6% during the first quarter. Renaissance Technologies LLC now owns 796,800 shares of the company’s stock valued at $25,737,000 after buying an additional 56,400 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Navistar International by 23.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 450,165 shares of the company’s stock valued at $14,540,000 after buying an additional 86,340 shares during the period. 75.48% of the stock is currently owned by institutional investors.

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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