Equities analysts expect Navios Maritime Acquisition Co. (NYSE:NNA) to announce sales of $60.58 million for the current quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Acquisition’s earnings, with the lowest sales estimate coming in at $50.79 million and the highest estimate coming in at $70.37 million. Navios Maritime Acquisition posted sales of $44.20 million in the same quarter last year, which suggests a positive year over year growth rate of 37.1%. The business is expected to announce its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that Navios Maritime Acquisition will report full year sales of $170.48 million for the current financial year, with estimates ranging from $158.26 million to $182.70 million. For the next financial year, analysts anticipate that the firm will report sales of $265.72 million, with estimates ranging from $243.72 million to $287.71 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Navios Maritime Acquisition.
Navios Maritime Acquisition (NYSE:NNA) last issued its earnings results on Tuesday, November 6th. The shipping company reported ($2.25) EPS for the quarter, missing the consensus estimate of ($2.10) by ($0.15). The firm had revenue of $32.03 million during the quarter, compared to the consensus estimate of $37.81 million. Navios Maritime Acquisition had a negative return on equity of 17.90% and a negative net margin of 45.63%.
Several research analysts recently commented on the company. ValuEngine cut Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research cut Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, August 31st.
Hedge funds have recently modified their holdings of the stock. LMR Partners LLP acquired a new position in Navios Maritime Acquisition during the second quarter worth $141,000. Paloma Partners Management Co acquired a new position in Navios Maritime Acquisition during the second quarter worth $245,000. Finally, Millennium Management LLC acquired a new position in Navios Maritime Acquisition during the second quarter worth $853,000.
Shares of NNA stock opened at $6.70 on Friday. The firm has a market capitalization of $66.52 million, a P/E ratio of -3.69 and a beta of 1.25. Navios Maritime Acquisition has a one year low of $5.25 and a one year high of $18.00. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.66 and a quick ratio of 0.66.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Tuesday, November 27th were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, November 26th. This represents a $0.08 annualized dividend and a yield of 1.19%. Navios Maritime Acquisition’s dividend payout ratio (DPR) is currently -4.44%.
About Navios Maritime Acquisition
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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