Brokerages expect Navistar International Corp (NYSE:NAV) to announce $1.89 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Navistar International’s earnings. The lowest sales estimate is $1.73 billion and the highest is $2.13 billion. Navistar International reported sales of $1.66 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 13.9%. The firm is scheduled to announce its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Navistar International will report full-year sales of $1.89 billion for the current financial year, with estimates ranging from $9.06 billion to $9.85 billion. For the next fiscal year, analysts forecast that the business will post sales of $9.85 billion per share, with estimates ranging from $9.20 billion to $10.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Navistar International.

Navistar International (NYSE:NAV) last announced its earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.71. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.27 billion. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The company’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned ($0.42) earnings per share.

NAV has been the subject of several recent analyst reports. Zacks Investment Research upgraded Navistar International from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, October 10th. Stifel Nicolaus restated a “hold” rating and set a $45.00 target price on shares of Navistar International in a research note on Friday, November 3rd. OTR Global upgraded Navistar International to a “positive” rating in a research note on Thursday, October 12th. Piper Jaffray Companies set a $37.00 target price on Navistar International and gave the company a “hold” rating in a research note on Sunday, December 10th. Finally, Susquehanna Bancshares initiated coverage on Navistar International in a research note on Wednesday, November 29th. They set a “positive” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.86.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Navistar International by 2.3% during the second quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock worth $110,673,000 after purchasing an additional 96,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Navistar International by 26.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock worth $46,318,000 after purchasing an additional 219,123 shares during the last quarter. State Street Corp lifted its position in shares of Navistar International by 2.5% during the second quarter. State Street Corp now owns 1,012,715 shares of the company’s stock worth $26,565,000 after purchasing an additional 25,176 shares during the last quarter. Northern Trust Corp lifted its position in shares of Navistar International by 1.5% during the second quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock worth $16,189,000 after purchasing an additional 9,127 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Navistar International by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 282,623 shares of the company’s stock worth $12,119,000 after purchasing an additional 11,323 shares during the last quarter. 81.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Navistar International (NYSE:NAV) traded down $1.84 during trading on Tuesday, hitting $44.71. The stock had a trading volume of 583,750 shares, compared to its average volume of 732,244. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of -0.85. The firm has a market capitalization of $4,400.00, a P/E ratio of 496.78, a PEG ratio of 4.80 and a beta of 2.58. Navistar International has a 12 month low of $22.89 and a 12 month high of $47.73.

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About Navistar International

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 (NYSE:NAV)

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