Navistar International Corp (NAV) announced its most recent quarterly financial results on Thursday, Sep-8-2016. NAV reported $-0.42 earnings per share for the quarter, missing the analyst consensus estimate by $-0.60. Analysts had a consensus of $0.18. The company posted revenue of $2086.00 million in the period, compared to analysts expectations of $2194.04 million. NAV’s revenue was down -17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.
Many Wall Street Analysts have commented on Navistar International Corp. Deutsche Bank Initiated Navistar International Corp on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $14.Navistar International Corp was Downgraded by Macquarie to ” Underperform” on Sep 6, 2016. Navistar International Corp was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016.
Navistar International Corp closed down -0.77 points or -3.89% at $19.02 with 4,979,523 shares getting traded on Wednesday. Post opening the session at $19.82, the shares hit an intraday low of $18.48 and an intraday high of $19.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Navistar International Corporation (NIC) is a holding company whose principal operating subsidiaries are Navistar Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks MaxxForce brand diesel engines IC Bus (IC) brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. It also provides retail wholesale and lease financing of trucks and parts. The Company operates in four reporting segments which comprises: North America Truck North America Parts Global Operations (collectively referred to as Manufacturing operations) and Financial Services. Its principal products and services include Trucks Parts Engines and Financial Services.