What You Must Know About Stock? Navistar International Corp (NYSE: NAV)

On Friday, Navistar International Corp (NYSE: NAV) stock price moved up at 1.31%. Its total market capitalization is $2684502671. Its day lowest price was $26.41 and its hit its day highest price at $27.21. The stock recent volume is 356951 shares in comparison to its average trading volume of 651696 shares. Looking at the stock’s price level on the past 52-week graph, NAV recorded a 52-week high of $39.52 and its 52-week low of $21.32.

Navistar International Corporation (NAV) recently reported third quarter 2019 net income of $156M, or $1.56 per diluted share, contrast to third quarter 2018 net income of $170M, or $1.71 per diluted share.

INDUSTRY AND FINANCIAL GUIDANCE
The company updated the following 2019 full-year industry and financial guidance:

  • Industry retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecast to be 435,000 to 455,000 units, with Class 8 retail deliveries of 295,000 to 315,000 units.
  • Gross margin is predictable to be in the range of 17.75% and 18%.
  • Core market share is forecast to be between 18.5% and 19%.

The company reaffirmed the following 2019 full-year financial guidance:

  • Navistar revenues are predictable to be between $11.25B and $11.75B.
  • The company’s adjusted EBITDA is predictable to be between $875M and $925M.

Additionally, the company forecasts the industry’s 2020 retail deliveries of Class 6-8 trucks and buses in the United States and Canada to be in the range of 335,000 to 365,000 units, with Class 8 retail deliveries between 210,000 and 240,000 units.

“We are on course for a strong end to 2019, and we’re not standing still,” Clarke stated. “The company is recapturing market share and is growing revenue, EBITDA and cash flow. We remain focused on setting ourselves up for long-term success.”

Financial Services Section — Financial Services net revenues increased 14 percent to $74M contrast to third quarter 2018, primarily Because of higher average portfolio balances in the U.S. and Mexico.

For third quarter 2019, the Financial Services section recorded a profit of $30M, up 30 percent contrast to third quarter 2018. The increase was primarily driven by higher interest margins and higher other income from an intercompany loan, partially offset by the write-off of debt issuance costs.

EPS growth for this year is 21.70% and EPS growth for next year is expected to reach at -29.09%. EPS growth in past five years was 18.30% while EPS growth in next five years is projected to arrive at 5.00%. Sales growth past 5 years was measured at -1.00%. The volatility in the previous week has experienced by 4.91% and observed of 4.77% in the previous month. 79.40% ownership is held by institutional investors while insiders hold ownership of 0.30%.

 

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