Navios Maritime Holdings Inc. (NYSE:NM) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 22nd. Analysts expect Navios Maritime Holdings to post earnings of ($0.30) per share for the quarter.
Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Wednesday, May 24th. The shipping company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.07. The company had revenue of $95.30 million for the quarter, compared to analyst estimates of $104.31 million. Navios Maritime Holdings had a negative return on equity of 13.28% and a negative net margin of 20.55%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. On average, analysts expect Navios Maritime Holdings to post $-0.95 EPS for the current fiscal year and $-0.28 EPS for the next fiscal year.
Shares of Navios Maritime Holdings Inc. (NM) remained flat at $1.29 during midday trading on Friday. The company’s stock had a trading volume of 90,095 shares. The firm has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.52. The stock’s market capitalization is $148.57 million. Navios Maritime Holdings Inc. has a 1-year low of $0.86 and a 1-year high of $2.40.
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Several analysts recently commented on NM shares. Zacks Investment Research raised Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research note on Wednesday, April 26th. Citigroup Inc. dropped their price objective on Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating on the stock in a research note on Thursday, May 25th. Finally, ValuEngine downgraded Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st.
A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of Navios Maritime Holdings during the second quarter valued at approximately $248,000. State Street Corp increased its stake in shares of Navios Maritime Holdings by 2,467.0% in the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock valued at $1,388,000 after buying an additional 973,416 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new stake in shares of Navios Maritime Holdings during the second quarter valued at approximately $218,000. 20.12% of the stock is currently owned by institutional investors and hedge funds.
About Navios Maritime Holdings
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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