Navistar International Corp (NYSE:NAV) – Equities researchers at Piper Jaffray Companies lifted their Q1 2020 EPS estimates for Navistar International in a research note issued to investors on Friday, April 12th. Piper Jaffray Companies analyst A. Potter now forecasts that the company will post earnings per share of $0.08 for the quarter, up from their previous estimate of $0.07. Piper Jaffray Companies also issued estimates for Navistar International’s Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $1.16 EPS, Q4 2020 earnings at $1.91 EPS and FY2020 earnings at $3.42 EPS.

Navistar International (NYSE:NAV) last released its quarterly earnings results on Friday, March 8th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Navistar International had a negative return on equity of 8.96% and a net margin of 3.93%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the firm earned ($0.74) EPS. Navistar International’s quarterly revenue was up 27.7% on a year-over-year basis.

A number of other research firms have also recently commented on NAV. ValuEngine raised shares of Navistar International from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Robert W. Baird upped their price objective on shares of Navistar International from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, December 19th. Zacks Investment Research raised shares of Navistar International from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Royal Bank of Canada cut their price objective on shares of Navistar International to $32.00 and set a “market perform” rating for the company in a research note on Wednesday, December 19th. Finally, TheStreet raised shares of Navistar International from a “d-” rating to a “c” rating in a research note on Friday, March 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.80.

NAV stock opened at $33.40 on Monday. Navistar International has a one year low of $23.69 and a one year high of $44.34. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.73 and a beta of 2.26.

Institutional investors have recently made changes to their positions in the company. Financial Architects Inc purchased a new stake in shares of Navistar International in the 4th quarter valued at $26,000. Huntington National Bank boosted its stake in shares of Navistar International by 335.7% in the 1st quarter. Huntington National Bank now owns 1,063 shares of the company’s stock valued at $34,000 after purchasing an additional 819 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Navistar International in the 4th quarter valued at $41,000. Pearl River Capital LLC purchased a new stake in shares of Navistar International in the 4th quarter valued at $58,000. Finally, Bank of Montreal Can boosted its position in Navistar International by 14.3% during the 4th quarter. Bank of Montreal Can now owns 2,835 shares of the company’s stock valued at $74,000 after buying an additional 355 shares during the period. 78.84% of the stock is owned by institutional investors.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, 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.

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

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