Wall Street analysts expect Navios Maritime Acquisition Corporation (NYSE:NNA) to announce $54.99 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Navios Maritime Acquisition Corporation’s earnings, with the highest sales estimate coming in at $59.60 million and the lowest estimate coming in at $51.62 million. Navios Maritime Acquisition Corporation posted sales of $65.81 million during the same quarter last year, which suggests a negative year-over-year growth rate of 16.4%. The business is expected to issue its next earnings results on Thursday, February 8th.

On average, analysts expect that Navios Maritime Acquisition Corporation will report full year sales of $54.99 million for the current year, with estimates ranging from $211.16 million to $217.90 million. For the next fiscal year, analysts anticipate that the firm will report sales of $222.58 million per share, with estimates ranging from $205.12 million to $236.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Navios Maritime Acquisition Corporation.

NNA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Navios Maritime Acquisition Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine downgraded Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stifel Nicolaus set a $2.00 target price on Navios Maritime Acquisition Corporation and gave the company a “buy” rating in a research report on Sunday, October 29th. TheStreet downgraded Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. Finally, Citigroup Inc. downgraded Navios Maritime Acquisition Corporation from a “buy” rating to a “neutral” rating and set a $1.25 target price on the stock. in a research report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Navios Maritime Acquisition Corporation has an average rating of “Hold” and a consensus price target of $1.63.

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of Navios Maritime Acquisition Corporation by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 228,238 shares of the shipping company’s stock valued at $335,000 after buying an additional 1,199 shares during the period. Vanguard Group Inc. raised its holdings in shares of Navios Maritime Acquisition Corporation by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock valued at $242,000 after buying an additional 3,730 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Navios Maritime Acquisition Corporation by 1.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 764,666 shares of the shipping company’s stock valued at $1,315,000 after buying an additional 7,229 shares during the period. Teachers Advisors LLC raised its holdings in shares of Navios Maritime Acquisition Corporation by 12.2% in the 2nd quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after buying an additional 17,971 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Navios Maritime Acquisition Corporation by 13.2% in the 2nd quarter. California Public Employees Retirement System now owns 167,500 shares of the shipping company’s stock valued at $246,000 after buying an additional 19,500 shares during the period. Hedge funds and other institutional investors own 18.78% of the company’s stock.

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Shares of Navios Maritime Acquisition Corporation (NYSE NNA) opened at $1.31 on Wednesday. Navios Maritime Acquisition Corporation has a 1 year low of $1.08 and a 1 year high of $2.11. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $199.94, a price-to-earnings ratio of 19.00 and a beta of 1.60.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, December 6th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 15.27%. Navios Maritime Acquisition Corporation’s dividend payout ratio is presently -64.51%.

About Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

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