Navios Maritime Holdings (NM) Releases Quarterly Earnings, Beats Expectations By $0.04 EPS
Navios Maritime Holdings (NYSE:NM) issued its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.04, Analyst Ratings Network reports. The company had revenue of $145.41 million for the quarter, compared to the consensus estimate of $135.20 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share.
Shares of Navios Maritime Holdings (NYSE:NM) opened at 9.17 on Thursday. Navios Maritime Holdings has a one year low of $6.06 and a one year high of $12.12. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $9.14. The company’s market cap is $939.8 million.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Thursday, September 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.62%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Navios Maritime Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $9.70 price target on the stock. On a related note, analysts at Canaccord Genuity initiated coverage on shares of Navios Maritime Holdings in a research note on Tuesday, June 10th. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of Navios Maritime Holdings in a research note on Wednesday, May 28th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.30.
Navios Maritime Holdings Inc (NYSE:NM) is a global, vertically integrated seaborne shipping and logistics company which operates numerous businesses focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
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