Equities analysts expect that Navistar International Corp (NYSE:NAV) will report $3.21 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Navistar International’s earnings, with estimates ranging from $2.96 billion to $3.33 billion. Navistar International reported sales of $2.60 billion in the same quarter last year, which would suggest a positive year over year growth rate of 23.5%. The business is scheduled to announce its next quarterly earnings results on Tuesday, December 18th.

According to Zacks, analysts expect that Navistar International will report full-year sales of $10.12 billion for the current fiscal year, with estimates ranging from $9.99 billion to $10.26 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.88 billion, with estimates ranging from $10.62 billion to $11.34 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Navistar International.

Navistar International (NYSE:NAV) last released its earnings results on Thursday, September 6th. The company reported $1.71 EPS for the quarter, topping 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 analysts’ expectations of $2.67 billion. During the same quarter last year, the business earned $0.38 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year.

A number of equities research analysts have commented on NAV shares. Royal Bank of Canada restated a “hold” rating and set a $44.00 target price on shares of Navistar International in a research note on Thursday, July 19th. 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 note on Monday, September 3rd. ValuEngine cut shares of Navistar International from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. 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 note on Friday, September 7th. They noted that the move was a valuation call. Finally, Loop Capital started coverage on shares of Navistar International in a research note on Monday, October 1st. They set a “hold” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Navistar International has a consensus rating of “Buy” and a consensus price target of $46.08.

NYSE NAV traded up $0.02 on Friday, reaching $34.97. 474,900 shares of the stock were exchanged, compared to its average volume of 736,323. Navistar International has a one year low of $31.56 and a one year high of $47.73. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 68.61, a PEG ratio of 2.31 and a beta of 2.34. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of -0.90.

Several institutional investors have recently added to or reduced their stakes in NAV. Point72 Asset Management L.P. raised its position in shares of Navistar International by 426.1% during the first quarter. Point72 Asset Management L.P. now owns 409,800 shares of the company’s stock valued at $14,331,000 after buying an additional 331,900 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Navistar International by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,252,905 shares of the company’s stock valued at $51,017,000 after buying an additional 95,482 shares during the last quarter. Zweig DiMenna Associates LLC raised its position in shares of Navistar International by 64.6% during the second quarter. Zweig DiMenna Associates LLC now owns 219,763 shares of the company’s stock valued at $8,949,000 after buying an additional 86,263 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Navistar International during the second quarter valued at approximately $2,172,000. Finally, Point72 Europe London LLP bought a new stake in shares of Navistar International during the second quarter valued at approximately $1,978,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Navistar International Company Profile

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

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