Navistar International Corp (NYSE:NAV) – Seaport Global Securities increased their Q2 2018 EPS estimates for shares of Navistar International in a report released on Monday. Seaport Global Securities analyst M. Shlisky now anticipates that the company will post earnings per share of $0.26 for the quarter, up from their previous forecast of $0.20. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Navistar International’s Q3 2018 earnings at $0.86 EPS and FY2019 earnings at $2.66 EPS.
Navistar International (NYSE:NAV) last announced its quarterly earnings data on Thursday, March 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.17. Navistar International had a net margin of 0.22% and a negative return on equity of 1.78%. 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 previous year, the company earned ($0.76) EPS. The business’s quarterly revenue was up 14.6% compared to the same quarter last year.
Shares of Navistar International (NAV) opened at $35.13 on Wednesday. Navistar International has a 12 month low of $22.89 and a 12 month high of $47.73. The stock has a market cap of $3,444.74, a price-to-earnings ratio of 42.16, a PEG ratio of 3.68 and a beta of 2.67. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of -0.91.
Institutional investors have recently made changes to their positions in the stock. Invictus RG purchased a new stake in Navistar International during the 3rd quarter worth $150,000. Cetera Advisors LLC acquired a new position in Navistar International in the 3rd quarter valued at $301,000. Financial Engines Advisors L.L.C. grew its stake in Navistar International by 57.0% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock valued at $160,000 after buying an additional 1,319 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Navistar International in the 3rd quarter valued at $229,000. Finally, Amalgamated Bank acquired a new position in Navistar International in the 3rd quarter valued at $274,000. 81.78% of the stock is owned by hedge funds and other institutional investors.
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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).
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