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 earnings results on Tuesday, June 5th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $2.43 billion. During the same period in the prior year, the firm earned ($0.86) earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. 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. Longbow Research upgraded shares of 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 note on Friday, June 1st. ValuEngine upgraded shares of Navistar International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Piper Jaffray Companies set a $44.00 price target on Navistar International and gave the company a “buy” rating in a report on Wednesday, April 25th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $45.56.

Several hedge funds have recently bought and sold shares of the company. Westpac Banking Corp boosted its holdings in shares of Navistar International by 0.8% in the second quarter. Westpac Banking Corp now owns 153,249 shares of the company’s stock valued at $6,240,000 after acquiring an additional 1,200 shares during the period. Swiss National Bank raised its stake in shares of Navistar International by 2.8% during the first quarter. Swiss National Bank now owns 76,900 shares of the company’s stock worth $2,689,000 after purchasing an additional 2,100 shares during the last quarter. Northern Trust Corp raised its stake in shares of Navistar International by 0.8% during the first quarter. Northern Trust Corp now owns 604,008 shares of the company’s stock worth $21,122,000 after purchasing an additional 4,776 shares during the last quarter. Ardevora Asset Management LLP raised its stake in shares of Navistar International by 0.5% during the first quarter. Ardevora Asset Management LLP now owns 935,970 shares of the company’s stock worth $32,731,000 after purchasing an additional 4,900 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Navistar International by 15.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 39,083 shares of the company’s stock worth $1,367,000 after purchasing an additional 5,303 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

Shares of NAV stock traded down $0.63 during trading hours on Tuesday, reaching $41.41. 220,799 shares of the stock were exchanged, compared to its average volume of 432,395. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.82 and a current ratio of 1.11. Navistar International has a 12-month low of $29.53 and a 12-month high of $47.73. The firm 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.

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

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