Reports Strong First-Quarter Financial Results Navistar International (NYSE:NAV)

Earnings results for Navistar International (NYSE:NAV)

Navistar International Corporation is estimated to report earnings on 06/03/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.38. The reported EPS for the same quarter last year was $-0.1.

Navistar International last released its quarterly earnings results on March 8th, 2021. The reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.97 billion. Its quarterly revenue was down 1.4% on a year-over-year basis. Navistar International has generated $0.10 earnings per share over the last year. Navistar International has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, June 3rd, 2021 based off prior year’s report dates.

Analyst Opinion on Navistar International (NYSE:NAV)

7 Wall Street analysts have issued ratings and price targets for Navistar International in the last 12 months. Their average twelve-month price target is $39.75, predicting that the stock has a possible downside of 10.31%. The high price target for NAV is $44.50 and the low price target for NAV is $33.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Navistar International has received a consensus rating of Hold. The company’s average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $39.75, Navistar International has a forecasted downside of 10.3% from its current price of $44.32. Navistar International has received no research coverage in the past 90 days.

Dividend Strength: Navistar International (NYSE:NAV)

Navistar International does not currently pay a dividend. Navistar International does not have a long track record of dividend growth.

Insiders buying/selling: Navistar International (NYSE:NAV)

In the past three months, Navistar International insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $210,027.00 in company stock. Only 18.20% of the stock of Navistar International is held by insiders. 88.32% of the stock of Navistar International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Navistar International (NYSE:NAV

Earnings for Navistar International are expected to grow by 78.49% in the coming year, from $1.72 to $3.07 per share. The P/E ratio of Navistar International is -11.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Navistar International is -11.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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