Zacks: Brokerages Expect Navios Maritime Acquisition Co. (NNA) Will Post Earnings of -$1.35 Per Share
Wall Street brokerages predict that Navios Maritime Acquisition Co. (NYSE:NNA) will announce earnings of ($1.35) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navios Maritime Acquisition’s earnings. Navios Maritime Acquisition posted earnings of ($1.19) per share in the same quarter last year, which would suggest a negative year over year growth rate of 13.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.
Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Navios Maritime Acquisition.
Navios Maritime Acquisition (NYSE:NNA) last issued its earnings results on Tuesday, November 6th. The shipping company reported ($2.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.10) by ($0.15). Navios Maritime Acquisition had a negative net margin of 45.63% and a negative return on equity of 17.90%. The firm had revenue of $32.03 million during the quarter, compared to analyst estimates of $37.81 million.
Large investors have recently modified their holdings of the stock. LMR Partners LLP acquired a new stake in Navios Maritime Acquisition in the 2nd quarter valued at about $141,000. Paloma Partners Management Co acquired a new stake in Navios Maritime Acquisition in the 2nd quarter valued at about $245,000. Finally, Millennium Management LLC acquired a new stake in Navios Maritime Acquisition in the 2nd quarter valued at about $853,000. Institutional investors and hedge funds own 13.57% of the company’s stock.
NYSE:NNA traded up $0.40 during mid-day trading on Wednesday, hitting $6.60. The stock had a trading volume of 51,100 shares, compared to its average volume of 34,912. Navios Maritime Acquisition has a twelve month low of $5.25 and a twelve month high of $20.55. The company has a market capitalization of $75.38 million, a P/E ratio of -3.67 and a beta of 1.15. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors 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 1.21%. Navios Maritime Acquisition’s dividend payout ratio (DPR) is currently -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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