Navios Maritime Holdings Inc. (NM) Expected to Announce Quarterly Sales of $123.37 Million
Brokerages predict that Navios Maritime Holdings Inc. (NYSE:NM) will post $123.37 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Holdings’ earnings, with the highest sales estimate coming in at $124.24 million and the lowest estimate coming in at $122.49 million. Navios Maritime Holdings reported sales of $113.09 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The business is expected to announce its next quarterly earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that Navios Maritime Holdings will report full-year sales of $123.37 million for the current year, with estimates ranging from $481.80 million to $486.93 million. For the next fiscal year, analysts expect that the business will post sales of $556.87 million per share, with estimates ranging from $550.79 million to $562.94 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Navios Maritime Holdings.
Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 22.05% and a negative return on equity of 14.37%. Navios Maritime Holdings’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted ($0.29) earnings per share.
NM has been the topic of a number of research analyst reports. ValuEngine raised Navios Maritime Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a report on Tuesday. Finally, Clarkson Capital cut Navios Maritime Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Navios Maritime Holdings has a consensus rating of “Hold” and a consensus price target of $1.63.
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Shares of Navios Maritime Holdings (NYSE NM) opened at 1.82 on Wednesday. The company has a 50-day moving average of $1.73 and a 200-day moving average of $1.46. Navios Maritime Holdings has a 52 week low of $0.95 and a 52 week high of $2.40. The stock’s market capitalization is $211.21 million.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in Navios Maritime Holdings by 9.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock worth $3,590,000 after purchasing an additional 170,900 shares in the last quarter. Royce & Associates LP raised its holdings in shares of 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 acquiring an additional 35,000 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of 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 acquiring an additional 42,750 shares in the last quarter. State Street Corp raised its holdings in shares of 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 acquiring an additional 973,416 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Navios Maritime Holdings by 2.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock worth $1,208,000 after acquiring an additional 23,789 shares in the last quarter. 21.08% of the stock is currently owned by institutional investors.
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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