Analysts predict that Navistar International Corp (NYSE:NAV) will report earnings of ($0.32) per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Navistar International’s earnings, with estimates ranging from ($0.64) to ($0.14). Navistar International posted earnings per share of $1.47 during the same quarter last year, which indicates a negative year-over-year growth rate of 121.8%. The company is expected to issue its next quarterly earnings report on Wednesday, September 2nd.

Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last posted its quarterly earnings data on Thursday, June 4th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.72) by $0.34. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. Navistar International had a net margin of 1.92% and a negative return on equity of 5.82%. Navistar International’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.48) EPS.

NAV has been the subject of several research analyst reports. Wells Fargo & Co boosted their price objective on Navistar International from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. BMO Capital Markets upped their price target on Navistar International from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. Longbow Research downgraded shares of Navistar International from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Robert W. Baird upgraded shares of Navistar International from a “neutral” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Friday, June 5th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $23.00 price target on shares of Navistar International in a research report on Sunday, April 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.89.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Proxima Capital Management LLC raised its position in Navistar International by 71.1% in the first quarter. Proxima Capital Management LLC now owns 13,000 shares of the company’s stock worth $214,000 after purchasing an additional 5,402 shares in the last quarter. Omni Partners LLP bought a new stake in shares of Navistar International in the 1st quarter valued at approximately $3,195,000. Engineers Gate Manager LP grew its stake in shares of Navistar International by 56.3% in the 1st quarter. Engineers Gate Manager LP now owns 49,952 shares of the company’s stock valued at $824,000 after purchasing an additional 17,996 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Navistar International by 22.6% in the 1st quarter. Squarepoint Ops LLC now owns 32,219 shares of the company’s stock worth $531,000 after buying an additional 5,937 shares in the last quarter. Finally, Quantitative Investment Management LLC lifted its position in shares of Navistar International by 327.4% during the 1st quarter. Quantitative Investment Management LLC now owns 31,818 shares of the company’s stock worth $524,000 after buying an additional 24,373 shares during the period. 77.42% of the stock is currently owned by institutional investors and hedge funds.

NAV stock traded up $0.31 during mid-day trading on Tuesday, reaching $28.04. 512,300 shares of the stock traded hands, compared to its average volume of 943,388. The firm has a market capitalization of $2.76 billion, a PE ratio of 15.24 and a beta of 2.57. The business has a 50-day moving average of $26.04 and a two-hundred day moving average of $27.00. Navistar International has a 52 week low of $15.01 and a 52 week high of $38.00.

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.

Recommended Story: How Investors Use a Balance Sheet

Get a free copy of the Zacks research report on Navistar International (NAV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Navistar International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navistar International and related companies with MarketBeat.com's FREE daily email newsletter.