Navistar International Corp (NYSE:NAV) – Investment analysts at Jefferies Financial Group upped their FY2018 EPS estimates for Navistar International in a research report issued to clients and investors on Thursday, September 6th. Jefferies Financial Group analyst S. Volkmann now forecasts that the company will earn $2.95 per share for the year, up from their previous forecast of $2.70. Jefferies Financial Group also issued estimates for Navistar International’s Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $1.15 EPS and Q4 2019 earnings at $1.90 EPS.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Navistar International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Monday, September 3rd. Buckingham Research upgraded shares of Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday. They noted that the move was a valuation call. Longbow Research upgraded shares of Navistar International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.06 to $50.00 in a report on Friday, June 1st. ValuEngine downgraded shares of Navistar International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $44.00 price objective on shares of Navistar International in a report on Thursday, July 19th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $46.47.

Shares of Navistar International stock opened at $39.22 on Monday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 78.43, a P/E/G ratio of 3.56 and a beta of 2.33. Navistar International has a twelve month low of $31.56 and a twelve month high of $47.73. The company has a debt-to-equity ratio of -0.90, a quick ratio of 0.81 and a current ratio of 1.14.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Navistar International by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,252,905 shares of the company’s stock valued at $51,017,000 after acquiring an additional 95,482 shares during the last quarter. Ardevora Asset Management LLP increased its holdings in shares of Navistar International by 0.5% during the 1st quarter. Ardevora Asset Management LLP now owns 935,970 shares of the company’s stock worth $32,731,000 after buying an additional 4,900 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Navistar International by 0.8% during the 1st quarter. Northern Trust Corp now owns 604,008 shares of the company’s stock worth $21,122,000 after buying an additional 4,776 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Navistar International by 5.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 450,099 shares of the company’s stock worth $18,328,000 after buying an additional 22,626 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Navistar International by 426.1% during the 1st quarter. Point72 Asset Management L.P. now owns 409,800 shares of the company’s stock worth $14,331,000 after buying an additional 331,900 shares during the last quarter. Institutional investors own 80.14% 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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Earnings History and Estimates for Navistar International (NYSE:NAV)

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