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NVDA   545.82 (+1.09%)
BABA   309.81 (+1.48%)
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AMD   81.56 (-0.54%)
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FB   267.56 (+2.36%)
GOOGL   1,551.08 (+1.38%)
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Analysts Expect Navistar International Corp (NYSE:NAV) Will Announce Quarterly Sales of $1.89 Billion

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Brokerages predict that Navistar International Corp (NYSE:NAV) will announce $1.89 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navistar International's earnings, with the lowest sales estimate coming in at $1.77 billion and the highest estimate coming in at $1.97 billion. Navistar International reported sales of $2.78 billion during the same quarter last year, which indicates a negative year over year growth rate of 32%. The firm is expected to report its next earnings report on Tuesday, December 15th.

On average, analysts expect that Navistar International will report full-year sales of $7.33 billion for the current fiscal year, with estimates ranging from $7.21 billion to $7.41 billion. For the next year, analysts expect that the business will report sales of $8.78 billion, with estimates ranging from $8.65 billion to $8.85 billion. Zacks Investment Research's sales calculations are an average based on a survey of research analysts that cover Navistar International.

Navistar International (NYSE:NAV) last issued its quarterly earnings data on Wednesday, September 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.04). The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.88 billion. Navistar International had a negative net margin of 0.11% and a negative return on equity of 1.66%. The firm's quarterly revenue was down 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 earnings per share.

A number of research analysts have weighed in on NAV shares. Wells Fargo & Company increased their target price on shares of Navistar International from $28.00 to $33.00 and gave the company an "equal weight" rating in a research report on Monday, July 20th. ValuEngine raised Navistar International from a "hold" rating to a "buy" rating in a report on Friday, October 2nd. UBS Group raised their target price on Navistar International from $29.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 15th. Jefferies Financial Group upped their price target on Navistar International from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Finally, BMO Capital Markets lifted their price objective on Navistar International from $35.00 to $43.00 and gave the stock a "market perform" rating in a report on Tuesday, September 15th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of "Hold" and an average price target of $33.89.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Navistar International by 1.2% in the second quarter. California State Teachers Retirement System now owns 75,770 shares of the company's stock worth $2,137,000 after buying an additional 872 shares in the last quarter. FMR LLC purchased a new stake in Navistar International in the 2nd quarter worth approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Navistar International by 25.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,148 shares of the company's stock valued at $145,000 after purchasing an additional 1,051 shares during the period. American International Group Inc. boosted its holdings in Navistar International by 4.0% in the 2nd quarter. American International Group Inc. now owns 30,529 shares of the company's stock valued at $861,000 after purchasing an additional 1,173 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in shares of Navistar International during the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 77.68% of the company's stock.

NYSE NAV opened at $43.52 on Friday. The company has a market capitalization of $4.33 billion, a PE ratio of -483.50 and a beta of 2.29. Navistar International has a 52-week low of $15.01 and a 52-week high of $45.25. The company has a 50-day simple moving average of $40.57 and a 200 day simple moving average of $29.88.

About Navistar International

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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7 Stocks That Will Help You Forget About the Fed

Normally when the Federal Reserve (i.e. the Fed) makes an announcement, the market reacts predictably. That’s due, in large part, to the nature of what the Fed normally announces. Will interest rates go up, down, or remain unchanged? And for their part, the markets have a pretty good idea what the Fed will do before they do it.

But the Fed’s announcement of August 26 was a little different. They talked briefly about interest rates (they’re staying really low for a long time). But they were more concerned about inflation. Well, the Fed is always concerned about inflation, but this time they really mean it. Basic economics says that low-interest rates should spur inflation.

However, the market has been defying conventional wisdom and the Fed is not getting the inflation they want. So the Fed has basically said that they’re letting inflation go rogue. If it goes above their target 2% rate, so be it. The Fed is done trying to hit a target. At first, the markets cheered the news. Not only was the Fed not taking away the punch bowl, but they were also going to keep the low rate liquidity going for a long time!

But after a little while to digest things, investors are realizing they have to be grown-ups about this. And now investors are considering how to rebalance their portfolios for the remainder of 2020.

I don’t know about them, but if I were you I would target companies that have a high free cash flow (FCF). Whether it’s your personal finances or in evaluating a stock, cash flow is your friend.

When a corporation has high FCF, they have more strong growth in good markets and more flexibility during when the economy is weaker.

As institutional investors come back into the market, it’s time for you to reposition your portfolio for whatever comes next.

View the "7 Stocks That Will Help You Forget About the Fed".

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