Navistar International (NYSE:NAV) released its earnings results on Monday. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.34, MarketWatch Earnings reports. Navistar International had a negative net margin of 5.24% and a negative return on equity of 1.25%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned ($0.38) EPS. The company’s revenue was up 12.3% compared to the same quarter last year.
Shares of Navistar International stock traded up $0.03 during midday trading on Wednesday, reaching $44.41. 6,138 shares of the company’s stock traded hands, compared to its average volume of 549,316. The stock has a market capitalization of $4.43 billion, a P/E ratio of -11.32 and a beta of 1.88. The firm has a 50 day moving average of $44.22. Navistar International has a 52 week low of $25.43 and a 52 week high of $45.25.
Separately, TheStreet downgraded shares of Navistar International from a “c-” rating to a “d+” rating in a research report on Tuesday, April 6th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.58.
Navistar International Corporation, through its subsidiaries, manufactures and sells commercial 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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