$60.58 Million in Sales Expected for Navios Maritime Acquisition Co. (NNA) This Quarter
Wall Street brokerages expect Navios Maritime Acquisition Co. (NYSE:NNA) to post $60.58 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Acquisition’s earnings, with the lowest sales estimate coming in at $50.79 million and the highest estimate coming in at $70.37 million. Navios Maritime Acquisition reported sales of $44.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 37.1%. The business is scheduled to issue its next earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that Navios Maritime Acquisition will report full year sales of $170.48 million for the current year, with estimates ranging from $158.26 million to $182.70 million. For the next year, analysts forecast that the company will report sales of $265.72 million, with estimates ranging from $243.72 million to $287.71 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Navios Maritime Acquisition.
Navios Maritime Acquisition (NYSE:NNA) last posted its quarterly earnings data on Tuesday, November 6th. The shipping company reported ($2.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.10) by ($0.15). The firm had revenue of $32.03 million during the quarter, compared to analysts’ expectations of $37.81 million. Navios Maritime Acquisition had a negative net margin of 45.63% and a negative return on equity of 17.33%.
A number of large investors have recently bought and sold shares of the business. LMR Partners LLP purchased a new stake in shares of Navios Maritime Acquisition during the 2nd quarter worth approximately $141,000. Paloma Partners Management Co purchased a new stake in shares of Navios Maritime Acquisition during the 2nd quarter worth approximately $245,000. Finally, Millennium Management LLC purchased a new stake in shares of Navios Maritime Acquisition during the 2nd quarter worth approximately $853,000. Hedge funds and other institutional investors own 13.57% of the company’s stock.
NYSE:NNA traded down $0.08 on Friday, hitting $6.19. The stock had a trading volume of 518 shares, compared to its average volume of 37,579. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $76.36 million, a price-to-earnings ratio of -3.44 and a beta of 1.15. Navios Maritime Acquisition has a 1 year low of $5.25 and a 1 year high of $20.55.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 27th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, November 26th. This represents a $0.08 annualized dividend and a yield of 1.29%. Navios Maritime Acquisition’s dividend payout ratio (DPR) is -66.67%.
Navios Maritime Acquisition Company Profile
Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.
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