$2.66 Billion in Sales Expected for Navistar International Corp (NAV) This Quarter

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Equities research analysts expect that Navistar International Corp (NYSE:NAV) will report sales of $2.66 billion for the current quarter, Zacks reports. Seven analysts have made estimates for Navistar International’s earnings. The highest sales estimate is $2.86 billion and the lowest is $2.54 billion. Navistar International posted sales of $2.21 billion in the same quarter last year, which suggests a positive year over year growth rate of 20.4%. The firm is expected to report its next earnings report on Wednesday, September 5th.

According to Zacks, analysts expect that Navistar International will report full year sales of $9.90 billion for the current fiscal year, with estimates ranging from $9.63 billion to $10.13 billion. For the next fiscal year, analysts forecast that the business will post sales of $10.56 billion per share, with estimates ranging from $10.43 billion to $10.86 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Navistar International.

Navistar International (NYSE:NAV) last released its quarterly earnings data on Tuesday, June 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.21. Navistar International had a net margin of 1.69% and a negative return on equity of 4.49%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the company earned ($0.86) earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year.

NAV has been the topic of a number of analyst reports. Royal Bank of Canada restated a “hold” rating and issued a $44.00 price objective on shares of Navistar International in a research report on Thursday, July 19th. ValuEngine raised Navistar International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 17th. Piper Jaffray Companies set a $44.00 target price on Navistar International and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Finally, Longbow Research raised Navistar International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.06 to $50.00 in a research report on Friday, June 1st. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Navistar International currently has a consensus rating of “Buy” and a consensus price target of $45.56.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in shares of Navistar International in the 1st quarter worth approximately $218,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Navistar International in the 1st quarter worth approximately $233,000. Royal Bank of Canada raised its holdings in shares of Navistar International by 132.8% in the 1st quarter. Royal Bank of Canada now owns 8,135 shares of the company’s stock worth $285,000 after buying an additional 32,926 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Navistar International in the 1st quarter worth approximately $292,000. Finally, Brown Advisory Inc. acquired a new position in shares of Navistar International in the 2nd quarter worth approximately $326,000. Institutional investors own 81.48% of the company’s stock.

Shares of Navistar International traded down $0.63, reaching $41.41, during mid-day trading on Tuesday, MarketBeat Ratings reports. The stock had a trading volume of 220,799 shares, compared to its average volume of 432,395. Navistar International has a 52-week low of $29.53 and a 52-week high of $47.73. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 81.20, a PEG ratio of 4.04 and a beta of 2.28. The company has a current ratio of 1.11, a quick ratio of 0.82 and a debt-to-equity ratio of -0.85.

About Navistar International

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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