Equities research analysts expect Navios Maritime Acquisition Co. (NYSE:NNA) to report sales of $38.58 million for the current quarter, according to Zacks. Two analysts have issued estimates for Navios Maritime Acquisition’s earnings, with estimates ranging from $37.21 million to $39.94 million. Navios Maritime Acquisition reported sales of $61.30 million during the same quarter last year, which would suggest a negative year over year growth rate of 37.1%. The company is expected to report its next quarterly earnings report on Tuesday, May 15th.
On average, analysts expect that Navios Maritime Acquisition will report full year sales of $38.58 million for the current fiscal year, with estimates ranging from $168.45 million to $236.10 million. For the next year, analysts expect that the firm will report sales of $225.01 million per share, with estimates ranging from $202.32 million to $247.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Navios Maritime Acquisition.
Navios Maritime Acquisition (NYSE:NNA) last released its quarterly earnings data on Wednesday, February 7th. The shipping company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm 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%.
NNA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Navios Maritime Acquisition from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Navios Maritime Acquisition in a report on Friday, January 19th. Stifel Nicolaus set a $2.00 price target on Navios Maritime Acquisition and gave the company a “buy” rating in a report on Sunday, October 29th. Finally, ValuEngine downgraded Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Navios Maritime Acquisition currently has an average rating of “Hold” and a consensus target price of $1.63.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its holdings in Navios Maritime Acquisition by 25.9% in 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 in the last quarter. Northern Trust Corp increased its holdings in Navios Maritime Acquisition by 124.4% in 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in Navios Maritime Acquisition by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 228,238 shares of the shipping company’s stock valued at $335,000 after purchasing an additional 1,199 shares in the last quarter. California Public Employees Retirement System increased its holdings in Navios Maritime Acquisition by 71.3% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Navios Maritime Acquisition by 14.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 234,510 shares of the shipping company’s stock valued at $344,000 after purchasing an additional 30,361 shares in the last quarter. Hedge funds and other institutional investors own 18.99% of the company’s stock.
Shares of Navios Maritime Acquisition (NYSE NNA) opened at $0.75 on Friday. The company has a market capitalization of $112.00, a price-to-earnings ratio of -1.50 and a beta of 1.15. The company has a current ratio of 3.13, a quick ratio of 0.92 and a debt-to-equity ratio of 2.30. Navios Maritime Acquisition has a twelve month low of $0.67 and a twelve month high of $1.92.
Navios Maritime Acquisition announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the shipping company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Thursday, March 22nd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.08 annualized dividend and a yield of 10.67%. Navios Maritime Acquisition’s dividend payout ratio is currently -40.00%.
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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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