Navistar International Corp (NYSE:NAV) – Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Navistar International in a research note issued to investors on Thursday. Jefferies Group analyst S. Volkmann now anticipates that the company will post earnings per share of $2.55 for the year, up from their prior forecast of $2.30.
Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 price objective on shares of Navistar International in a research report on Thursday, January 11th. Piper Jaffray Companies set a $44.00 target price on Navistar International and gave the stock a “hold” rating in a research report on Monday, January 15th. Zacks Investment Research cut Navistar International from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $53.00 target price on shares of Navistar International in a research report on Thursday, March 8th. Finally, Gabelli raised Navistar International from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.13.
Navistar International (NYSE:NAV) last posted its quarterly earnings data on Thursday, March 8th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.17. Navistar International had a negative return on equity of 1.78% and a net margin of 0.22%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the business earned ($0.76) earnings per share. Navistar International’s revenue for the quarter was up 14.6% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in NAV. State Street Corp raised its stake in Navistar International by 2.5% during the second quarter. State Street Corp now owns 1,012,715 shares of the company’s stock worth $26,565,000 after acquiring an additional 25,176 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Navistar International by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 40,180 shares of the company’s stock worth $1,054,000 after acquiring an additional 1,086 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Navistar International during the third quarter worth $229,000. Ballentine Partners LLC acquired a new position in Navistar International during the third quarter worth $220,000. Finally, Financial Engines Advisors L.L.C. raised its stake in Navistar International by 57.0% during the third quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock worth $160,000 after acquiring an additional 1,319 shares in the last quarter. Hedge funds and other institutional investors own 81.78% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Navistar International Corp (NAV) Expected to Post FY2018 Earnings of $2.55 Per Share” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3259399/navistar-international-corp-nav-expected-to-post-fy2018-earnings-of-2-55-per-share.html.
About Navistar International
Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).
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.