Stock News Summary: Navistar International Corporation (NYSE:NAV)

Navistar International Corporation (NYSE:NAV) spotted trading -43.06% off 52-week high price. On the other end, the stock has been noted 16.23% away from the low price over the last 52-weeks. The stock changed 13.36% to recent value of $24.78. The stock transacted 2270281 shares during most recent day however it has an average volume of 422.79K shares. The company has 98.89M of outstanding shares and 82.18M shares were floated in the market.  

 On Sept. 04, 2019, Navistar International Corporation (NYSE:NAV) released third quarter 2019 net income of $156 million, or $1.56 per diluted share, compared to third quarter 2018 net income of $170 million, or $1.71 per diluted share.

Third quarter 2019 adjusted EBITDA was $266 million, compared to $218 million in the same period one year ago. Adjusted net income in the quarter grew 55 percent to $147 million, compared to $95 million last year.

Revenues in the quarter were $3 billion, up 17 percent from the same period one year ago, primarily due to a 28 percent increase in volumes in the company’s Core market (Class 6-8 trucks and buses in the United States and Canada).

This was another great quarter for Navistar, said Troy A. Clarke, Navistar chairman, president and chief executive officer. Market share increased, revenues and earnings grew at double-digit rates, and we made significant investments in our operations and our Uptime promise.

Navistar ended third quarter 2019 with $1.16 billion in consolidated cash, cash equivalents and marketable securities. Manufacturing cash, cash equivalents and marketable securities were $1.11 billion at the end of the quarter. The company generated $250 million of manufacturing free cash flow during the quarter largely due to strong adjusted EBITDA and net working capital performance.

The company had a number of uptime-related highlights during its third quarter. Navistar’s warranty performance and service partnership agreement with Love’s and Speedco, initially announced in March, is now fully operational, activating the commercial vehicle industry’s largest service network in North America. Additionally, the company’s latest parts distribution center (PDC) opened late last month near Memphis to help cater to the growing demand for parts and quicker maintenance turnaround times. Complementing the new PDC are new enhancements to Navistar’s retail inventory management system, resulting in 50 percent lower emergency parts orders, further maximizing Uptime for the company’s customers.

 Its earnings per share (EPS) expected to touch remained 13.20% for this year while earning per share for the next 5-years is expected to reach at 5.00%. NAV has a gross margin of 18.30% and an operating margin of 6.10% while its profit margin remained 2.80% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.06% from the mean of 20 days, -14.54% from mean of 50 days SMA and performed -21.00% from mean of 200 days price. Company’s performance for the week was 14.56%, -9.56% for month and YTD performance remained -4.51%.

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