Equities analysts forecast that Navistar International Corporation (NYSE:NAV) will announce earnings of $0.28 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Navistar International Corporation’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.06. Navistar International Corporation posted earnings of ($0.13) per share in the same quarter last year, which would indicate a positive year over year growth rate of 315.4%. The business is scheduled to report its next quarterly earnings results on Thursday, September 14th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Navistar International Corporation.

Navistar International Corporation (NYSE:NAV) last issued its quarterly earnings results on Wednesday, June 7th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.65. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company posted $0.05 EPS. Navistar International Corporation’s revenue for the quarter was down 4.6% compared to the same quarter last year.

A number of analysts recently weighed in on NAV shares. Jefferies Group LLC restated a “buy” rating and issued a $35.00 target price on shares of Navistar International Corporation in a research report on Friday, June 16th. Royal Bank Of Canada restated a “hold” rating and issued a $31.00 target price on shares of Navistar International Corporation in a research report on Wednesday. BidaskClub upgraded Navistar International Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Stifel Nicolaus restated a “hold” rating and issued a $26.00 target price (up previously from $24.00) on shares of Navistar International Corporation in a research report on Friday, June 9th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $32.00 target price (up previously from $26.50) on shares of Navistar International Corporation in a research report on Friday, June 9th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Navistar International Corporation has a consensus rating of “Hold” and an average price target of $27.00.

A number of hedge funds have recently made changes to their positions in NAV. Dimensional Fund Advisors LP boosted its position in Navistar International Corporation by 93.5% in the first quarter. Dimensional Fund Advisors LP now owns 486,973 shares of the company’s stock valued at $11,989,000 after buying an additional 235,310 shares during the period. Vanguard Group Inc. boosted its position in Navistar International Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,122,984 shares of the company’s stock valued at $101,508,000 after buying an additional 199,826 shares during the period. Renaissance Technologies LLC acquired a new position in Navistar International Corporation during the first quarter valued at about $3,742,000. Quantitative Investment Management LLC acquired a new position in Navistar International Corporation during the first quarter valued at about $3,111,000. Finally, UBS Oconnor LLC acquired a new position in Navistar International Corporation during the first quarter valued at about $2,954,000. Hedge funds and other institutional investors own 82.42% of the company’s stock.

Shares of Navistar International Corporation (NYSE NAV) traded up 1.90% during midday trading on Wednesday, hitting $28.47. 393,974 shares of the stock traded hands. The firm’s 50-day moving average is $27.03 and its 200 day moving average is $27.35. Navistar International Corporation has a 52 week low of $11.45 and a 52 week high of $33.46. The company’s market capitalization is $2.79 billion.

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About Navistar International Corporation

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

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