Analysts Anticipate Navios Maritime Acquisition Co. (NNA) to Post -$0.11 EPS

Wall Street analysts predict that Navios Maritime Acquisition Co. (NYSE:NNA) will post ($0.11) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Acquisition’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.10). Navios Maritime Acquisition posted earnings per share of ($0.05) in the same quarter last year, which would indicate a negative year-over-year growth rate of 120%. The business is scheduled to issue its next earnings results on Thursday, November 1st.

Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Navios Maritime Acquisition.

Navios Maritime Acquisition (NYSE:NNA) last posted its quarterly earnings data on Wednesday, August 22nd. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Navios Maritime Acquisition had a negative return on equity of 13.45% and a negative net margin of 34.66%. The business had revenue of $35.12 million for the quarter, compared to analysts’ expectations of $39.59 million.

Several equities research analysts have issued reports on the company. ValuEngine downgraded Navios Maritime Acquisition from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Zacks Investment Research downgraded Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a report on Thursday, July 12th.

NNA stock opened at $0.59 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.41. Navios Maritime Acquisition has a 52-week low of $0.46 and a 52-week high of $1.39. The company has a market cap of $88.89 million, a price-to-earnings ratio of -4.93 and a beta of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 20th will be given a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $0.08 annualized dividend and a dividend yield of 13.51%. Navios Maritime Acquisition’s payout ratio is -66.67%.

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC acquired a new position in shares of Navios Maritime Acquisition in the 4th quarter worth approximately $171,000. Deutsche Bank AG grew its position in shares of Navios Maritime Acquisition by 137.3% in the 4th quarter. Deutsche Bank AG now owns 186,773 shares of the shipping company’s stock worth $205,000 after acquiring an additional 108,077 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Navios Maritime Acquisition in the 2nd quarter worth approximately $141,000. Finally, Paloma Partners Management Co acquired a new position in shares of Navios Maritime Acquisition in the 2nd quarter worth approximately $245,000. Institutional investors own 13.64% of the company’s stock.

Navios Maritime Acquisition Company Profile

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

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