Navios Maritime (NYSE:NM) will be issuing its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.
Navios Maritime (NYSE:NM) last announced its earnings results on Tuesday, November 21st. The shipping company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.04). Navios Maritime had a negative net margin of 21.39% and a negative return on equity of 17.18%. The firm had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $138.00 million. During the same period in the prior year, the company posted ($0.25) EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, analysts expect Navios Maritime to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Navios Maritime (NYSE NM) traded down $0.01 on Friday, hitting $1.28. 398,289 shares of the stock traded hands, compared to its average volume of 582,085. Navios Maritime has a 1-year low of $0.95 and a 1-year high of $2.26. The stock has a market capitalization of $151.10, a P/E ratio of -1.58 and a beta of 2.78. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32.
NM has been the topic of several recent analyst reports. ValuEngine downgraded shares of Navios Maritime from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Tuesday, October 31st. Jefferies Group started coverage on shares of Navios Maritime in a research note on Monday, December 18th. They issued a “buy” rating and a $2.00 price target on the stock. Finally, Clarkson Capital raised shares of Navios Maritime from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $1.58.
A number of hedge funds have recently bought and sold shares of NM. California State Teachers Retirement System purchased a new position in Navios Maritime in the 2nd quarter worth about $218,000. Vanguard Group Inc. purchased a new position in Navios Maritime in the 2nd quarter worth about $248,000. Finally, State Street Corp increased its stake in Navios Maritime by 2,467.0% in the 2nd quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after buying an additional 973,416 shares during the period. 19.58% of the stock is currently owned by institutional investors.
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About Navios Maritime
Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.
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