NAV - Navistar International Corporation

NYSE - NYSE Delayed Price. Currency in USD
27.20
+0.49 (+1.83%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close26.71
Open26.64
Bid0.00 x 800
Ask0.00 x 800
Day's Range26.47 - 27.39
52 Week Range15.01 - 38.00
Volume280,260
Avg. Volume747,253
Market Cap2.707B
Beta (5Y Monthly)2.54
PE Ratio (TTM)14.75
EPS (TTM)1.84
Earnings DateSep 02, 2020 - Sep 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateOct 24, 2001
1y Target Est31.29
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-11% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Reuters

    VW's labour chief sees no need for more cost cuts

    Volkswagen's labour chief Bernd Osterloh has been on a roadshow to tell analysts and investors the carmaker has no need for deeper cost cuts in Germany. Existing cost reduction measures, agreed in 2016, will be enough to help the company to overcome the coronavirus crisis, Osterloh said, according to an analyst note from MainFirst. Osterloh also said unions fully support Chief Executive Herbert Diess and that the Volkswagen ID.3 electric car is a strong product which is fully on track.

  • Volkswagen Management Tumult Spills Over to Truck Subsidiary
    Bloomberg

    Volkswagen Management Tumult Spills Over to Truck Subsidiary

    (Bloomberg) -- Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the Covid-19 pandemic.Andreas Renschler will leave VW’s management board effective July 15 and be replaced by Matthias Gruendler, the former chief financial officer of the Munich-based truck unit, according to a statement Tuesday.Traton management board member Joachim Drees, who leads the MAN trucks business, also will leave his post, as will personnel chief Carsten Intra. Intra will replace Thomas Sedran as head of VW’s light commercial vehicles division. Sedran, a key figure behind VW’s alliance with Ford Motor Co., will assume responsibility for asset management at the commercial vehicles and machinery operations.VW group has made several management changes over the past weeks amid internal tension that’s risen from costly efforts to electrify its lineup, while also coping with the biggest industry slump in decades. Tesla Inc. zoomed past the industrial giant in terms of market capitalization early this year and now has more than tripled VW’s valuation, despite selling a fraction as many vehicles.Executive OverhaulFormer VW brand Chief Operating Officer Ralf Brandstaetter was promoted to the brand chief position last month after group Chief Executive Officer Herbert Diess lost direct control following a clash with key supervisory board members. VW brand development chief Matthias Rabe moved to the British luxury-car marque Bentley and VW group purchasing chief Stefan Sommer abruptly left the manufacturer.The new CEO of VW’s Audi brand Markus Duesmann, who took over at the group’s premium-car unit in April, plans to accelerate a restructuring push to restore profit margins.VW pushed through an initial public offering of Traton last year after some back-and-forth that dragged on for months, but proceeds fell short of expectations and efforts to lift weak margins at MAN deflated. Traton’s top labor representative Saki Stimoniaris in April balked at calls by MAN’s management for significant job cuts. Traton relies heavily on profits from Scania, the Swedish heavy-truck specialist that has reacted faster to the industry slump than struggling MAN.Navistar ImplicationsTraton also made a takeover offer for U.S. peer Navistar International Corp. earlier this year. VW officials have signaled the strategic logic for the deal remains intact but have sent mixed signals about when and under what conditions the deal might go ahead.Navistar shares slumped following Traton’s announcement, falling 5.9% to close at $27.17 in New York trading. Navistar’s stock is still up 13% since Traton made its $2.9 billion offer in January.“From a personal point of view, there is no better point in time to leave and to hand over the business to a very experienced successor,” Renschler said in an internal letter to employees seen by Bloomberg. “With Matthias Gruendler, who some of you should know as our former CFO, as my successor I am sure that you will support him as much as you supported me.”Gruendler “will now continue” Traton’s course, VW chairman Hans Dieter Poetsch said in a statement. But Gruendler, a key architect behind the initial stake acquisition in Navistar, won’t join VW group’s management. Responsibility for the trucks operations at the parent company will be take over by personnel chief Gunnar Kilian.(Updates with details on MAN restructuring in the seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TheStreet.com

    Navistar Taps COO Lisboa as CEO, Clarke Executive Chairman

    Navistar named its operations chief, Persio Lisboa, as CEO of the construction and farm machinery stalwart. Troy Clarke becomes executive chairman.

  • Navistar names Persio Lisboa as CEO
    Reuters

    Navistar names Persio Lisboa as CEO

    Lisboa, a 32-year veteran with the company, is currently chief operating officer and executive vice president. Clarke will continue to manage talks with Volkswagen's <VOWG_p.DE> truck division Traton SE <8TRA.DE>, including its buyout offer in January to acquire Navistar for $35 per share, the company said. Volkswagen said in March it still wants to buy out Navistar, but added that the coronavirus crisis will require the carmaker to conserve cash as it shuts down plants and throttles back production.

  • Navistar Appoints Persio V. Lisboa President And Chief Executive Officer
    PR Newswire

    Navistar Appoints Persio V. Lisboa President And Chief Executive Officer

    Navistar International Corporation (NYSE: NAV) today announced that its board of directors has appointed Persio V. Lisboa president and chief executive officer. Troy A. Clarke, who has held the roles of Navistar president, chief executive officer and member of the board of directors since April 2013 and chairman of the board of directors since February 2017, will continue to serve the company in the newly created position of executive chairman. These changes are effective July 1, 2020.

  • Navistar Virtually Breaks Ground On San Antonio Manufacturing Facility, Slated To Begin Vehicle Production Early 2022
    PR Newswire

    Navistar Virtually Breaks Ground On San Antonio Manufacturing Facility, Slated To Begin Vehicle Production Early 2022

    Navistar International Corporation (NYSE: NAV), a leading maker of International® brand commercial trucks, proprietary diesel engines and IC Bus® brand school and commercial buses, today joins the City of San Antonio, Bexar County and the San Antonio Economic Development Foundation (SAEDF) in a virtual groundbreaking ceremony to celebrate construction of Navistar's new industry-leading manufacturing facility in San Antonio. The virtual groundbreaking ceremony can be viewed at https://youtu.be/CoqC6erF-x8.

  • Moody's

    Traton SE -- Moody's assigns a Baa1 rating to TRATON SE, Outlook negative

    Moody's Investors Service, ("Moody's") has assigned a Baa1 long-term issuer rating to Traton SE (TRATON). Traton SE's Baa1 rating reflects (i) the group's strong market positions in Europe and South America in the heavy-duty truck segment, (ii) the expectation of profitability improvements driven by a sizable synergy potential between the group brands that might be realized over a longer-term time horizon (given the long product life cycles in the truck industry) as well as (iii) a solid liquidity profile. In addition, the rating reflects the company's commitment to preserve a capital structure in line with the requirements for a solid investment grade rating.

  • Is Navistar (NAV) Positioned Well to Rebound From The Slump?
    Zacks

    Is Navistar (NAV) Positioned Well to Rebound From The Slump?

    Navistar anticipates 2021 to be a better year, but does not expect sales and earnings to return to 2018 and 2019 levels by then.

  • Auto Stock Roundup: Volkswagen's $2.3B Investment, Navistar's Q2 Results & More
    Zacks

    Auto Stock Roundup: Volkswagen's $2.3B Investment, Navistar's Q2 Results & More

    Volkswagen (VWAGY) is set to pump 2.1-billion euros in two China-based EV players. Meanwhile, Navistar (NAV) reports narrower-than-expected loss for second-quarter fiscal 2020.

  • Navistar (NAV) Q2 Loss Narrower Than Expected, Revenues Down
    Zacks

    Navistar (NAV) Q2 Loss Narrower Than Expected, Revenues Down

    Navistar (NAV) scraps fiscal 2020 guidance as management predicts that the pandemic's impact will strain its operations in the days to come.

  • Benzinga

    Benzinga's Top Upgrades, Downgrades For June 5, 2020

    Upgrades * For Kontoor Brands Inc (NYSE: KTB), Susquehanna upgraded the stock from Neutral to Positive. Interestingly, in the first quarter, Kontoor Brands's EPS was $0.27. The stock has a 52-week-high of $43.23 and a 52-week-low of $12.90. Kontoor Brands's stock last closed at $20.23 per share. * Loop Capital changed the rating for Navistar International Corp (NYSE: NAV) from Hold to Buy. For the second quarter, Navistar International had an EPS of ($0.10), compared to year-ago quarter EPS of $1.06. The stock has a 52-week-high of $38.00 and a 52-week-low of $15.01. Navistar International's stock last closed at $27.93 per share. * Wells Fargo upgraded the stock for Sysco Corp (NYSE: SYY) from Equal-Weight to Overweight. For the third quarter, Sysco had an EPS of $0.45, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $85.98 and a 52-week-low of $26.00. Sysco's stock last closed at $58.60 per share. * For Entergy Corp (NYSE: ETR), UBS upgraded the stock from Neutral to Buy. Entergy earned $1.14 in the first quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $135.55 and a 52-week-low of $75.19. Entergy's stock last closed at $101.25 per share. * For Hexcel Corp (NYSE: HXL), BMO Capital upgraded the stock from Market Perform to Outperform. In the first quarter, Hexcel showed an EPS of $0.64, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $87.00 and a 52-week-low of $24.54. Hexcel's stock last closed at $44.67 per share. * Baird changed the rating for Navistar International Corp (NYSE: NAV) from Neutral to Outperform. For the second quarter, Navistar International had an EPS of ($0.10), compared to year-ago quarter EPS of $1.06. The stock has a 52-week-high of $38.00 and a 52-week-low of $15.01. Navistar International's stock last closed at $27.93 per share. * Evercore ISI Group upgraded the stock for Toll Brothers Inc (NYSE: TOL) from In-Line to Outperform. In the second quarter, Toll Brothers showed an EPS of $0.59, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $49.31 and a 52-week-low of $13.28. Toll Brothers's stock last closed at $34.49 per share. * JP Morgan upgraded the stock for Novavax Inc (NASDAQ: NVAX) from Underweight to Neutral. For the first quarter, Novavax had an EPS of ($0.58), compared to year-ago quarter EPS of ($0.11). The stock has a 52-week-high of $61.50 and a 52-week-low of $3.54. Novavax's stock last closed at $44.66 per share. Downgrades * BMO Capital downgraded the stock for eBay Inc (NASDAQ: EBAY) from Outperform to Market Perform. eBay earned $0.77 in the first quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $51.88 and a 52-week-low of $26.02. eBay's stock last closed at $49.36 per share. * Goldman Sachs downgraded the stock for Evolent Health Inc (NYSE: EVH) from Buy to Neutral. Evolent Health earned ($0.14) in the first quarter, compared to ($0.31) in the year-ago quarter. The stock has a 52-week-high of $12.01 and a 52-week-low of $3.50. Evolent Health's stock last closed at $6.30 per share. * Raymond James changed the rating for American Airlines Group Inc (NASDAQ: AAL) from Market Perform to Underperform. American Airlines Group earned ($2.65) in the first quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $34.99 and a 52-week-low of $8.25. American Airlines Group's stock last closed at $16.74 per share. * Evercore ISI Group downgraded the stock for Builders FirstSource Inc (NASDAQ: BLDR) from Outperform to In-Line. In the first quarter, Builders FirstSource showed an EPS of $0.34, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $28.43 and a 52-week-low of $9.00. Builders FirstSource's stock last closed at $22.44 per share. * Evercore ISI Group changed the rating for M.D.C. Holdings Inc (NYSE: MDC) from Outperform to In-Line. M.D.C. Holdings earned $0.56 in the first quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $48.99 and a 52-week-low of $15.75. M.D.C. Holdings's stock last closed at $35.48 per share. * For Meritage Homes Corp (NYSE: MTH), Evercore ISI Group downgraded the stock from Outperform to In-Line. Meritage Homes earned $1.83 in the first quarter, compared to $0.65 in the year-ago quarter. The stock has a 52-week-high of $78.43 and a 52-week-low of $25.24. Meritage Homes's stock last closed at $73.65 per share. * RBC Capital changed the rating for Resolute Forest Products Inc (NYSE: RFP) from Outperform to Sector Perform. In the first quarter, Resolute Forest Products showed an EPS of ($0.33), compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $7.33 and a 52-week-low of $1.14. Resolute Forest Products's stock last closed at $2.31 per share. * RBC Capital downgraded the stock for Rayonier Advanced Materials Inc (NYSE: RYAM) from Outperform to Sector Perform. Rayonier Advanced earned ($0.39) in the first quarter, compared to ($0.52) in the year-ago quarter. The stock has a 52-week-high of $7.34 and a 52-week-low of $0.90. Rayonier Advanced's stock last closed at $3.21 per share. * RBC Capital changed the rating for Domtar Corp (NYSE: UFS) from Outperform to Sector Perform. For the first quarter, Domtar had an EPS of $0.09, compared to year-ago quarter EPS of $1.44. The stock has a 52-week-high of $44.76 and a 52-week-low of $18.40. Domtar's stock last closed at $24.06 per share. * RBC Capital changed the rating for Mercer International Inc (NASDAQ: MERC) from Outperform to Sector Perform. In the first quarter, Mercer International showed an EPS of ($0.05), compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $15.84 and a 52-week-low of $6.42. Mercer International's stock last closed at $9.77 per share. Initiations Goldman Sachs initiated coverage on Anthem Inc (NYSE: ANTM) with a Neutral rating. The price target for Anthem is set at $340.00. For the first quarter, Anthem had an EPS of $6.48, compared to year-ago quarter EPS of $6.03. The stock has a 52-week-high of $312.48 and a 52-week-low of $171.03. Anthem's stock last closed at $282.09 per share.Goldman Sachs initiated coverage on Humana Inc (NYSE: HUM) with a Buy rating. The price target for Humana is set at $510.00. In the first quarter, Humana showed an EPS of $5.40, compared to $4.48 from the year-ago quarter. The stock has a 52-week-high of $412.70 and a 52-week-low of $208.25. Humana's stock last closed at $392.14 per share.Needham initiated coverage on PTC Inc (NASDAQ: PTC) with a Buy rating. The price target for PTC is set at $100.00. For the second quarter, PTC had an EPS of $0.59, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $93.34 and a 52-week-low of $43.90. PTC's stock last closed at $80.26 per share.With a rating of Hold, HSBC initiated coverage on Coca-Cola European Partners PLC (NYSE: CCEP). The price target is set at $44.00 for Coca-Cola European. The stock has a 52-week-high of $58.94 and a 52-week-low of $28.35. Coca-Cola European's stock last closed at $40.31 per share.BMO Capital initiated coverage on Intercept Pharmaceuticals Inc (NASDAQ: ICPT) with an Outperform rating. The price target for Intercept Pharmaceuticals is set at $107.00. In the first quarter, Intercept Pharmaceuticals showed an EPS of ($2.86), compared to ($3.03) from the year-ago quarter. The stock has a 52-week-high of $125.00 and a 52-week-low of $47.57. Intercept Pharmaceuticals's stock last closed at $76.38 per share.With a rating of Outperform, Wedbush initiated coverage on Immunic Inc (NASDAQ: IMUX). The price target is set at $59.00 for Immunic. Immunic earned ($0.79) in the first quarter, compared to ($0.22) in the year-ago quarter. The stock has a 52-week-high of $19.05 and a 52-week-low of $4.19. Immunic's stock last closed at $11.41 per share.Loop Capital initiated coverage on Super Micro Computer Inc (NASDAQ: SMCI) with a Buy rating. The price target for Super Micro Computer is set at $35.00. The stock has a 52-week-high of $29.27 and a 52-week-low of $15.76. Super Micro Computer's stock last closed at $27.75 per share.With a rating of Outperform, BMO Capital initiated coverage on Viking Therapeutics Inc (NASDAQ: VKTX). The price target is set at $14.00 for Viking Therapeutics. Viking Therapeutics earned ($0.13) in the first quarter, compared to ($0.07) in the year-ago quarter. The stock has a 52-week-high of $8.87 and a 52-week-low of $3.26. Viking Therapeutics's stock last closed at $7.13 per share.With a rating of Hold, Stifel initiated coverage on Cactus Inc (NYSE: WHD). The price target is set at $20.00 for Cactus. For the first quarter, Cactus had an EPS of $0.41, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $35.28 and a 52-week-low of $8.16. Cactus's stock last closed at $21.19 per share.With a rating of Buy, Rosenblatt initiated coverage on Qualcomm Inc (NASDAQ: QCOM). The price target is set at $105.00 for Qualcomm. In the second quarter, Qualcomm showed an EPS of $0.88, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $96.17 and a 52-week-low of $58.00. Qualcomm's stock last closed at $86.04 per share.Rosenblatt initiated coverage on ON Semiconductor Corp (NASDAQ: ON) with a Buy rating. The price target for ON Semiconductor is set at $22.00. ON Semiconductor earned $0.10 in the first quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $25.92 and a 52-week-low of $8.17. ON Semiconductor's stock last closed at $18.98 per share.Cowen & Co. initiated coverage on Livongo Health Inc (NASDAQ: LVGO) with an Outperform rating. The price target for Livongo Health is set at $69.00. Interestingly, in the first quarter, Livongo Health's EPS was $0.03. The stock has a 52-week-high of $64.44 and a 52-week-low of $15.12. Livongo Health's stock last closed at $57.34 per share.With a rating of Buy, Rosenblatt initiated coverage on SMART Global Holdings Inc (NASDAQ: SGH). The price target is set at $45.00 for SMART Glb Hldgs. SMART Glb Hldgs earned $0.52 in the second quarter, compared to $0.77 in the year-ago quarter. The stock has a 52-week-high of $39.08 and a 52-week-low of $16.42. SMART Glb Hldgs's stock last closed at $28.20 per share.With a rating of Outperform, Oppenheimer initiated coverage on Veeco Instruments Inc (NASDAQ: VECO). The price target is set at $18.00 for Veeco Instruments. Veeco Instruments earned $0.22 in the first quarter, compared to ($0.14) in the year-ago quarter. The stock has a 52-week-high of $19.21 and a 52-week-low of $7.42. Veeco Instruments's stock last closed at $12.69 per share. See more from Benzinga * 18 Technology Stocks Moving In Friday's Pre-Market Session * 10 Basic Materials Stocks Moving In Friday's Pre-Market Session * 10 Financial Services Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • What Does Navistar Loss Portend For Other Truck Manufacturers?
    Benzinga

    What Does Navistar Loss Portend For Other Truck Manufacturers?

    Navistar International Corp. (NYSE: NAV) second-quarter fiscal loss from COVID-19-disrupted production in April points to worse numbers for truck manufacturers that will report pandemic-addled results for the April-June quarter.For Navistar, things likely will get worse in its third quarter, which covers May-July. Its second-quarter report on Thursday, June 4, pointed to the difficulties that manufacturers and suppliers will unpack when they report their second-quarter results in July.None of the publicly traded manufacturers, including Navistar, are providing financial guidance because of the uncertainties created by the pandemic. Orders fall On a conference call with analysts, Navistar Chairman, CEO and President Troy Clarke shared insight into the early impacts of the health crisis.Class 8 truck orders fell from about 3,000 per week in February to 1,000 a week in April. The drop off was on top of already slowing orders because fleets took so many deliveries of new trucks in 2018 and 2019. Just 4,100 new Class 8 orders were placed in April across the industry."As freight demand declined in the quarter, truck utilization dropped and rates fell," Clarke said. "With excess trucking capacity, companies reassessed their needs, especially in the general freight, rental leasing and private fleet segments."About 300 orders, or 2.5% of the company's backlog, were canceled in April. It has about 25 weeks of Class 6-8 trucks and buses to build based on its backlog of 18,000 units, which was down 12% from the end of the first quarter,"It's too early to provide a precise order forecast for the remainder of the year, but we expect orders to increase as the reopening of the economy continues," Clarke said.Used trucks The dearth of new truck deliveries took a toll on the used truck market, too. Pricing was 20% below a year ago, but the lack of trades muted demand. Navistar, which sells a lot of trucks to leasing companies like Penske and Ryder, took an additional hit because those companies converted rental trucks into leases, delaying new truck purchases.Dealer inventories fell 4% in the quarter, leaving a slightly higher-than-average 127-day hangover.Lost production Navistar lost 50 days of production between February and April. Shutdowns of plants in Springfield, Ohio; Tulsa, Oklahoma; and Escobedo, Mexico. Those idlings continued into May and will show up in Navistar's third quarter results."More than half of the lost days came from the suspension of production at our Springfield plant," where idled General Motors Company (NYSE: GM) provides engines for Class 4-5 pickup trucks and cabs for the cutaway G-van chassis built there, Clarke said. The other lost days were due to issues with suppliers in Mexico, where stay-at-home requirements came later than in the U.S.By the numbers Navistar reported a $38 million loss in the quarter, narrower than the $48 million loss reported a year ago when the truck maker took a $159 million charge to settle complaints over defective Maxxforce engines in trucks built in the previous decade.Revenues in the quarter were $1.9 billion, down 36% from nearly $3 billion in the year-ago quarter. New vehicle deliveries of its core Class 6-8 trucks and buses in the United States and Canada were nearly 40% below a year ago, primarily due to COVID-19.Earnings before interest, taxes, depreciation and amortization (EBITDA) were $61 million, compared to $55 million in the second quarter of 2019.  Navistar cut $300 million in costs and issued $600 million in new debt during the quarter to leave it with $1.5 billion in cash and marketable securities as of April 30.Open issues * Parts sales fell 20% in the quarter because freight demand was weak, leading to a dramatic drop in miles driven. With schools closing, buses did not need parts either."[Navistar] On-command connection data indicated the general freight hauling and leasing and rental was down 6% to 8%," Clarke said. "As fleet utilization increases, parts sales will increase, returning to normal levels." * The TRATON Group's $2.9 billion offer January 30 to purchase the 83% of Navistar it does not already own is still on the table."The board is managing these discussions, but frankly the COVID pandemic has slowed the process," Clarke said. "It has not been accepted nor rejected. Discussions continue." * As to his own role as CEO, Clarke would not discuss whether an extension beyond July would occur. The board voted in April to extend Clarke's tenure for a third time with an understanding that he would remain non-executive chairman for two years.Click for more FreightWaves articles by Alan AdlerSee more from Benzinga * Spot Rates Above Previous Year As Volumes Correct – FreightWaves NOW * US To Canada Truck Border Crossings Rebound * Today's Pickup: Saudi Arabia And Russia Push For Extending Oil Output Cuts(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Navistar International Corp (NAV) Q2 2020 Earnings Call Transcript
    Motley Fool

    Navistar International Corp (NAV) Q2 2020 Earnings Call Transcript

    NAV earnings call for the period ending April 30, 2020.

  • Coronavirus update: Global case tally climbs above 6.6 million and California reports a rise in infections amid protests and reopening
    MarketWatch

    Coronavirus update: Global case tally climbs above 6.6 million and California reports a rise in infections amid protests and reopening

    The number of confirmed cases of the coronavirus that causes COVID-19 rose past 6.6 million on Thursday, and California reported a rise in infections after weeks of slowing, raising concerns that the protests at the death of George Floyd, and the reopening of certain counties, are helping spread the illness.

  • Thomson Reuters StreetEvents

    Edited Transcript of NAV earnings conference call or presentation 4-Jun-20 1:00pm GMT

    Q2 2020 Navistar International Corp Earnings Call

  • Navistar Logs Q2 Loss From COVID-19 Impact On Truck Production
    Benzinga

    Navistar Logs Q2 Loss From COVID-19 Impact On Truck Production

    Navistar International Corp. (NYSE: NAV) reported a $38 million loss in its fiscal second quarter because of production suspensions and supply chain issues related to the COVID-19 pandemic.The loss was narrower than the $48 million in red ink reported a year ago when the truck maker took a $159 million charge to settle complaints over defective engines in trucks built in the previous decade.The loss, which amounted to 38 cents per diluted share, was three cents less than a consensus of analysts, who projected a loss of 41 cents per diluted share.Revenues in the quarter were $1.9 billion, down 36% from nearly $3 billion in the year-ago quarter. New vehicle deliveries of its core Class 6-8 trucks and buses in the United States and Canada were nearly 40% below a year ago, primarily due to COVID-19.Earnings before interest, taxes, depreciation and amortization (EBITDA) was $61 million, compared to $55 million in the second quarter of 2019.  Navistar cut costs and issued $600 million in new debt during the quarter to leave it with $1.5 billion in cash and marketable securities as of April 30."Recovery will likely be gradual as businesses reassess operating plans to return to a ‘new normal,' but this ‘new normal' will still require trucks," said Navistar Chairman, CEO and President Troy Clarke. "The actions we've taken over the past few months have us in position to succeed, no matter the shape of [the] recovery." Photo: NavistarSee more from Benzinga * Sales Lessons Learned From 'The Last Dance' (With Video) * Canadian Railroads Shatter Previous May Grain Records * CMA CGM Donates 200,000 Face Masks(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Navistar (NAV) Reports Q2 Loss, Tops Revenue Estimates
    Zacks

    Navistar (NAV) Reports Q2 Loss, Tops Revenue Estimates

    Navistar (NAV) delivered earnings and revenue surprises of 86.11% and 10.26%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Benzinga

    Recap: Navistar International Q2 Earnings

    Shares of Navistar International (NYSE:NAV) rose 0.2% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share came in at ($0.38), which beat the estimate of ($0.41).Revenue of $1,925,000,000 declined by 35.75% from the same period last year, which beat the estimate of $1,870,000,000.Looking Ahead Navistar International hasn't issued any earnings guidance for the time being.The upcoming fiscal year's revenue expected to be between $9,250,000,000 and $9,750,000,000.Conference Call Details Date: Jun 04, 2020View more earnings on NAVTime: 09:00 AMET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=lobby20.jsp&eventid=2326732&sessionid=1&key=8A0B92CD1A591BB09C20339DD09AC76D&eventuserid=304876143Price Action Company's 52-week high was at $38.00Company's 52-week low was at $15.01Price action over last quarter: down 27.96%Company Description Navistar is a manufacturer of medium- and heavy-duty trucks, school buses, military vehicles, and diesel engines. Its principle markets are North America and Latin America. Its trucks are sold through over 800 dealers in the United States, Canada, and Mexico. It currently commands a 17% share for its core products, which include class 6 through 8 trucks and school buses. The company previously struggled to develop an unconventional diesel emission technology, or EGR, to meet 2010 EPA guidelines, which caused its market share to plummet to 16% in 2015 from 36% in 2009. In 2019, manufacturing revenues were approximately $11 billion.See more from Benzinga * Recap: Greenlane Holdings Q1 Earnings * KLX Energy Services: Q1 Earnings Insights * Recap: LexinFintech Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    Navistar's stock set to gain after narrower-than-expected loss and revenue beat

    Shares of Navistar International Corp. were indicated up nearly 1% in premarket trading Thursday, after the trucks and diesel engines maker reported a narrower than expected loss while revenue fell less than forecast. Net losses narrowed to $38 million, or 38 cents a share, from $48 million, or 48 cents a share, in the year ago period. Excluding non-recurring items, the company swung to an adjusted net loss was $10 million from net income of $105 million last year. The FactSet consensus was for a net loss of 44 cents a share and a adjusted loss of 30 cents a share. Revenue fell 36% to $1.93 billion, due primarily to the impact of the COVID-19 pandemic, which resulted in lower volumes in its core trucks and buses market, but was above the FactSet consensus of $1.90 billion. Truck sales fell 39% and parts sales declined 23%. The stock has dropped 29.7% over the past three months through Wednesday, while the S&P 500 slipped 0.2%.

  • Navistar Reports Second Quarter 2020 Results
    PR Newswire

    Navistar Reports Second Quarter 2020 Results

    Navistar International Corporation (NYSE: NAV) today announced a second quarter 2020 net loss of $38 million, or $0.38 per diluted share, compared to second quarter 2019 net loss of $48 million, or $0.48 per diluted share.

  • Navistar Shares Surge Ahead of Earnings
    Schaeffer's Investment Research

    Navistar Shares Surge Ahead of Earnings

    Navistar's second-quarter earnings report is due out before Thursday's open

  • Wirecard Said to Add SoftBank Partner to Supervisory Board
    Bloomberg

    Wirecard Said to Add SoftBank Partner to Supervisory Board

    (Bloomberg) -- Embattled German electronic payment provider Wirecard AG is close to naming a partner at SoftBank Group Corp.’s investment arm as a new supervisory board member, continuing its personnel overhaul in an effort to regain shareholder confidence, according to people familiar with the matter.Samuel Merksamer’s appointment could be announced as early as this week and is seen as a vote of confidence by SoftBank in a company whose market value has dropped about 14% this year, the people said, declining to be identified discussing information that isn’t public.Merksamer joined SoftBank Investment Advisers, which controls the $100 billion Vision Fund, last October, and has represented billionaire Carl Icahn on several corporate boards including truck maker Navistar International Corp., American International Group Inc. and Hertz Global Holdings Inc.A spokesman for Wirecard declined to comment. A spokesman for SoftBank Investment Advisers wasn’t immediately available to comment.In April last year, SoftBank agreed to buy $1 billion of Wirecard convertible bonds, and in September cut its exposure in a complex transaction that included signing a “strategic cooperation agreement” with the payments firm. The move was seen as facilitating partnerships between SoftBank’s portfolio companies and Wirecard, including Auto1 Group, Brightstar and Oyo Corp.Wirecard’s supervisory board has five members since former Chairman Wulf Matthias resigned and was replaced by Thomas Eichelmann, who had joined the committee mid-2019. In Germany, supervisory boards have an oversight function and usually consist of 20 members.Read More: Wirecard Expands Management Team in Bid to Revive Investor TrustWirecard has been mired in controversy about its accounting practices and has put off the publication of its 2019 financial results three times. The company has been working with KPMG on a probe into allegations about accounting irregularities brought forward by a series of articles in the Financial Times. A special audit by KPMG in April failed to resolve all concerns and triggered a 26% decline in Wirecard’s stock.Wirecard’s shares rose 1.7% to 94.17 euros at 3:29 p.m. in Frankfurt on Wednesday. (Updates with Wirecard’s share price in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Hedge Funds Have Never Been This Bullish On Navistar International Corp (NAV)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Navistar International Corp (NAV)

    At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]

  • Why Earnings Season Could Be Great for Navistar (NAV)
    Zacks

    Why Earnings Season Could Be Great for Navistar (NAV)

    Navistar (NAV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Analysts Estimate Navistar (NAV) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Navistar (NAV) to Report a Decline in Earnings: What to Look Out for

    Navistar (NAV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.