Analysts Expect Navios Maritime Acquisition Co. (NNA) to Post -$0.09 EPS

Equities analysts expect Navios Maritime Acquisition Co. (NYSE:NNA) to announce ($0.09) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navios Maritime Acquisition’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.03). Navios Maritime Acquisition posted earnings per share of $0.04 in the same quarter last year, which would suggest a negative year over year growth rate of 325%. The business is scheduled to announce its next earnings results on Tuesday, May 15th.

Zacks’ EPS calculations 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 results on Wednesday, February 7th. The shipping company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The company had revenue of $44.20 million for the quarter, compared to analyst estimates of $53.63 million. Navios Maritime Acquisition had a negative return on equity of 3.81% and a negative net margin of 34.67%.

A number of research analysts recently weighed in on NNA shares. Zacks Investment Research lowered Navios Maritime Acquisition from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Navios Maritime Acquisition in a report on Friday, January 19th. Stifel Nicolaus set a $2.00 target price on Navios Maritime Acquisition and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, ValuEngine lowered Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $1.63.

Large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new stake in shares of Navios Maritime Acquisition during the 3rd quarter valued at $124,000. Virtu KCG Holdings LLC lifted its position in shares of Navios Maritime Acquisition by 127.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock worth $164,000 after buying an additional 62,454 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Navios Maritime Acquisition during the 4th quarter worth $171,000. Vanguard Group Inc. lifted its position in shares of Navios Maritime Acquisition by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock worth $242,000 after buying an additional 3,730 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Navios Maritime Acquisition by 12.2% during the 2nd quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock worth $243,000 after buying an additional 17,971 shares during the last quarter. Hedge funds and other institutional investors own 18.99% of the company’s stock.

Navios Maritime Acquisition (NYSE:NNA) remained flat at $$0.74 during mid-day trading on Wednesday. The company had a trading volume of 1,228,269 shares, compared to its average volume of 891,431. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.92 and a current ratio of 3.13. The firm has a market capitalization of $112.02, a price-to-earnings ratio of -1.48 and a beta of 1.15. Navios Maritime Acquisition has a twelve month low of $0.67 and a twelve month high of $1.92.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Thursday, March 22nd will be paid a $0.02 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $0.08 annualized dividend and a yield of 10.81%. Navios Maritime Acquisition’s dividend payout ratio (DPR) is presently -40.00%.

Navios Maritime Acquisition announced that its board has authorized a share repurchase plan on Wednesday, February 7th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the shipping company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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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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