Zacks: Analysts Expect Navistar International Corp (NAV) Will Post Quarterly Sales of $3.26 Billion

Equities research analysts expect that Navistar International Corp (NYSE:NAV) will post $3.26 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Navistar International’s earnings, with the highest sales estimate coming in at $3.33 billion and the lowest estimate coming in at $3.21 billion. Navistar International posted sales of $2.60 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.4%. The company is expected to announce its next earnings results on Tuesday, December 18th.

According to Zacks, analysts expect that Navistar International will report full year sales of $10.15 billion for the current financial year, with estimates ranging from $10.04 billion to $10.26 billion. For the next year, analysts expect that the business will report sales of $10.86 billion, with estimates ranging from $10.62 billion to $11.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last issued its quarterly earnings data on Thursday, September 6th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.78. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded 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 lowered Navistar International from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Loop Capital assumed coverage on Navistar International in a research note on Monday, October 1st. They issued a “hold” rating and a $42.00 target price on the stock. Buckingham Research upgraded 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, Piper Jaffray Companies lowered Navistar International from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.50.

NAV traded down $0.25 during trading on Thursday, reaching $30.15. 244,088 shares of the company were exchanged, compared to its average volume of 720,598. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 59.12, a price-to-earnings-growth ratio of 1.60 and a beta of 2.35. Navistar International has a 12-month low of $29.67 and a 12-month high of $47.73.

Several institutional investors have recently made changes to their positions in the company. Westpac Banking Corp increased its position in shares of Navistar International by 0.8% during the 2nd quarter. Westpac Banking Corp now owns 153,249 shares of the company’s stock valued at $6,240,000 after purchasing an additional 1,200 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Navistar International by 87.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,604 shares of the company’s stock valued at $139,000 after purchasing an additional 1,677 shares during the last quarter. Sageworth Trust Co increased its position in shares of Navistar International by 400.0% during the 3rd quarter. Sageworth Trust Co now owns 3,500 shares of the company’s stock valued at $135,000 after purchasing an additional 2,800 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Navistar International by 4.8% during the 3rd quarter. Alliancebernstein L.P. now owns 85,940 shares of the company’s stock valued at $3,309,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Global X Management Co LLC increased its position in shares of Navistar International by 20.9% during the 2nd quarter. Global X Management Co LLC now owns 23,073 shares of the company’s stock valued at $940,000 after purchasing an additional 3,989 shares during the last quarter. Hedge funds and other institutional investors own 75.74% of the company’s stock.

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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