Equities research analysts expect Navios Maritime Holdings Inc. (NYSE:NM) to post $118.31 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Navios Maritime Holdings’ earnings. The highest sales estimate is $118.60 million and the lowest is $118.01 million. Navios Maritime Holdings reported sales of $113.09 million during the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The company is expected to announce its next earnings results on Tuesday, November 28th.

On average, analysts expect that Navios Maritime Holdings will report full-year sales of $118.31 million for the current year, with estimates ranging from $474.02 million to $477.86 million. For the next fiscal year, analysts forecast that the firm will report sales of $556.87 million per share, with estimates ranging from $550.79 million to $562.94 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Navios Maritime Holdings.

Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.04. The business had revenue of $118.60 million for the quarter, compared to the consensus estimate of $114.27 million. Navios Maritime Holdings had a negative return on equity of 14.37% and a negative net margin of 22.05%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted ($0.29) EPS.

Several equities analysts recently weighed in on NM shares. Zacks Investment Research raised Navios Maritime Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine cut Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

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Shares of Navios Maritime Holdings (NYSE:NM) opened at 1.72 on Friday. The stock’s market capitalization is $199.61 million. Navios Maritime Holdings has a one year low of $0.95 and a one year high of $2.40. The company’s 50 day moving average price is $1.67 and its 200 day moving average price is $1.47.

A number of institutional investors and hedge funds have recently made changes to their positions in NM. Parametric Portfolio Associates LLC lifted its stake in shares of Navios Maritime Holdings by 8.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock valued at $5,192,000 after purchasing an additional 212,145 shares during the period. Renaissance Technologies LLC raised its stake in Navios Maritime Holdings by 9.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock worth $3,590,000 after buying an additional 170,900 shares during the period. Royce & Associates LP raised its stake in Navios Maritime Holdings by 2.2% during the 2nd quarter. Royce & Associates LP now owns 1,606,349 shares of the shipping company’s stock worth $2,201,000 after buying an additional 35,000 shares during the period. Advisor Group Inc. raised its stake in Navios Maritime Holdings by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock worth $1,555,000 after buying an additional 42,750 shares during the period. Finally, State Street Corp raised its stake in Navios Maritime Holdings by 2,467.0% during the 2nd quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after buying an additional 973,416 shares during the period. Hedge funds and other institutional investors own 21.03% of the company’s stock.

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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