$54.99 Million in Sales Expected for Navios Maritime Acquisition Corporation (NNA) This Quarter

Wall Street analysts forecast that Navios Maritime Acquisition Corporation (NYSE:NNA) will post $54.99 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navios Maritime Acquisition’s earnings. The lowest sales estimate is $51.62 million and the highest is $59.60 million. Navios Maritime Acquisition reported sales of $65.81 million during the same quarter last year, which indicates a negative year over year growth rate of 16.4%. The company is expected to announce its next quarterly earnings report on Thursday, February 8th.

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

Several brokerages have recently issued reports on NNA. Stifel Nicolaus set a $2.00 target price on shares of Navios Maritime Acquisition and gave the company a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research upgraded shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine lowered shares of Navios Maritime Acquisition from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet lowered shares of Navios Maritime Acquisition from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. Finally, Citigroup lowered shares of Navios Maritime Acquisition 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Navios Maritime Acquisition presently has a consensus rating of “Hold” and a consensus target price of $1.63.

Shares of Navios Maritime Acquisition (NYSE:NNA) traded down $0.02 during midday trading on Thursday, hitting $1.34. 368,551 shares of the stock traded hands, compared to its average volume of 406,876. Navios Maritime Acquisition has a 1-year low of $1.08 and a 1-year high of $2.11. The firm has a market capitalization of $204.45, a price-to-earnings ratio of 19.43 and a beta of 1.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.12.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Wednesday, December 6th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 14.93%. Navios Maritime Acquisition’s dividend payout ratio (DPR) is -64.51%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its position in Navios Maritime Acquisition by 71.3% during the third quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock worth $350,000 after acquiring an additional 119,354 shares during the last quarter. Stifel Financial Corp boosted its position in Navios Maritime Acquisition by 25.9% during the third quarter. Stifel Financial Corp now owns 1,410,486 shares of the shipping company’s stock worth $1,710,000 after acquiring an additional 290,552 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Navios Maritime Acquisition during the third quarter worth about $124,000. State Street Corp boosted its position in Navios Maritime Acquisition by 6.4% during the second quarter. State Street Corp now owns 1,356,842 shares of the shipping company’s stock worth $1,992,000 after acquiring an additional 81,935 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Navios Maritime Acquisition by 14.9% during the second quarter. Goldman Sachs Group Inc. now owns 234,510 shares of the shipping company’s stock worth $344,000 after acquiring an additional 30,361 shares during the last quarter. Hedge funds and other institutional investors own 19.14% of the company’s stock.

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Navios Maritime Acquisition Company Profile

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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