Navistar International Corporation (NAV) to Release Quarterly Earnings on Wednesday
Navistar International Corporation (NYSE:NAV) will issue its quarterly earnings data before the market opens on Wednesday, September 6th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, June 7th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.65. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.08 billion. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. On average, analysts expect Navistar International Corporation to post $-0.79 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.
Navistar International Corporation (NAV) opened at 34.52 on Monday. The firm’s 50-day moving average price is $30.79 and its 200 day moving average price is $27.58. Navistar International Corporation has a 12-month low of $13.57 and a 12-month high of $34.69. The company’s market capitalization is $3.39 billion.
NAV has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of Navistar International Corporation in a research report on Tuesday, May 9th. Robert W. Baird raised shares of Navistar International Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the company from $32.00 to $33.00 in a research report on Monday, June 5th. Barclays PLC reaffirmed a “sell” rating and set a $20.00 price target on shares of Navistar International Corporation in a research report on Thursday, June 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $26.00 price target (up previously from $24.00) on shares of Navistar International Corporation in a research report on Friday, June 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 price target on shares of Navistar International Corporation in a research report on Friday, June 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Navistar International Corporation presently has an average rating of “Hold” and a consensus target price of $27.29.
In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen purchased 43,501 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were acquired at an average price of $29.25 per share, with a total value of $1,272,404.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 499,781 shares of company stock worth $14,693,815. 21.80% of the stock is owned by insiders.
Navistar International Corporation Company Profile
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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