Wall Street brokerages predict that Navios Maritime Acquisition Co. (NYSE:NNA) will post sales of $54.99 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navios Maritime Acquisition’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 posted sales of $65.81 million during the same quarter last year, which would indicate a negative year over year growth rate of 16.4%. The business is scheduled 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 year, with estimates ranging from $211.16 million to $217.90 million. For the next year, analysts expect 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 a mean average based on a survey of analysts that cover Navios Maritime Acquisition.

A number of brokerages have recently weighed in on NNA. Zacks Investment Research upgraded shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus set a $2.00 price objective on shares of Navios Maritime Acquisition and gave the stock a “buy” rating in a research note on Sunday, October 29th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Navios Maritime Acquisition presently has an average rating of “Hold” and an average price target of $1.63.

Navios Maritime Acquisition (NYSE:NNA) traded down $0.02 during midday trading on Thursday, reaching $1.12. 594,300 shares of the company’s stock were exchanged, compared to its average volume of 459,150. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $171.38, a PE ratio of -3.61 and a beta of 1.60. Navios Maritime Acquisition has a 1 year low of $1.08 and a 1 year high of $2.11.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Wednesday, December 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 17.86%. The ex-dividend date of this dividend was Tuesday, December 5th. Navios Maritime Acquisition’s payout ratio is -64.51%.

Several institutional investors have recently modified their holdings of NNA. Northern Trust Corp raised its stake in Navios Maritime Acquisition by 124.4% during the 2nd quarter. Northern Trust Corp now owns 2,315,549 shares of the shipping company’s stock valued at $3,404,000 after purchasing an additional 1,283,455 shares during the last quarter. Stifel Financial Corp raised its stake in Navios Maritime Acquisition by 25.9% during the 3rd quarter. Stifel Financial Corp now owns 1,410,486 shares of the shipping company’s stock valued at $1,710,000 after purchasing an additional 290,552 shares during the last quarter. State Street Corp raised its stake in Navios Maritime Acquisition by 6.4% during the 2nd quarter. State Street Corp now owns 1,356,842 shares of the shipping company’s stock valued at $1,992,000 after purchasing an additional 81,935 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in Navios Maritime Acquisition during the 2nd quarter valued at $470,000. Finally, California Public Employees Retirement System raised its stake in Navios Maritime Acquisition by 71.3% during the 3rd quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock valued at $350,000 after purchasing an additional 119,354 shares during the last quarter. Institutional investors and hedge funds own 19.09% of the company’s stock.

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About Navios Maritime Acquisition

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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