Navistar Reports 2016 Fourth Quarter Results
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Deutsche Bank Raises Price Target on Navistar (NAV) to $32 Following 4Q
December 21, 2016 8:39 AM UTCDeutsche Bank reiterated a Hold rating on Navistar International (NYSE: NAV), and raised the price target to $32.00 (from $21.00), following the company's 4Q earnings report.
Analyst... More
Navistar (NAV) Reports Q4 Loss Versus Expected Profit; Issues Mixed Outlook
December 20, 2016 6:54 AM UTCNavistar (NYSE: NAV) reported Q4 EPS of ($0.42), versus the analyst estimate of $0.25. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.17 billion.
Fourth quarter 2016 EBITDA was $95 million versus EBITDA of $86 million in the same period one year ago. This year's fourth quarter included $9 million in net charges for asset impairments and restructurings, and $8 million in pre-existing warranty adjustments. As a result, adjusted fourth quarter 2016 EBITDA was $112 million.
Revenues in the quarter declined 17 percent compared to fourth quarter 2015. The revenue decrease was largely driven by an 18 percent... More
