Equities analysts expect Navios Maritime Holdings Inc. (NYSE:NM) to report earnings per share of ($0.30) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navios Maritime Holdings’ earnings, with estimates ranging from ($0.40) to ($0.19). Navios Maritime Holdings posted earnings per share of ($0.29) during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.4%. The company is scheduled to report its next quarterly earnings results on Thursday, August 24th.

On average, analysts expect that Navios Maritime Holdings will report full-year earnings of ($0.95) per share for the current fiscal year, with EPS estimates ranging from ($1.10) to ($0.80). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.28) per share, with EPS estimates ranging from ($0.51) to ($0.05). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Navios Maritime Holdings.

Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.07. The company had revenue of $95.30 million during the quarter, compared to analyst estimates of $104.31 million. Navios Maritime Holdings had a negative net margin of 20.55% and a negative return on equity of 13.28%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) EPS.

Several analysts have commented on the stock. Citigroup Inc. decreased their target price on shares of Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating for the company in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Navios Maritime Holdings from a “strong sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, ValuEngine downgraded shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Navios Maritime Holdings by 2.8% in the second quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock valued at $1,208,000 after buying an additional 23,789 shares in the last quarter. Royce & Associates LP increased its stake in Navios Maritime Holdings by 2.2% in the second quarter. Royce & Associates LP now owns 1,606,349 shares of the shipping company’s stock valued at $2,201,000 after buying an additional 35,000 shares in the last quarter. Advisor Group Inc. increased its stake in Navios Maritime Holdings by 3.9% in the second quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock valued at $1,555,000 after buying an additional 42,750 shares in the last quarter. Rhumbline Advisers acquired a new stake in Navios Maritime Holdings during the second quarter valued at approximately $107,000. Finally, Phoenix Investment Adviser LLC increased its stake in Navios Maritime Holdings by 37.5% in the first quarter. Phoenix Investment Adviser LLC now owns 288,700 shares of the shipping company’s stock valued at $540,000 after buying an additional 78,700 shares in the last quarter. 20.12% of the stock is owned by institutional investors.

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Navios Maritime Holdings (NYSE:NM) opened at 1.27 on Thursday. Navios Maritime Holdings has a one year low of $0.86 and a one year high of $2.40. The firm has a 50 day moving average of $1.24 and a 200-day moving average of $1.52. The firm’s market cap is $146.26 million.

Navios Maritime Holdings Company Profile

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

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