Zacks: Analysts Expect Navios Maritime Acquisition Co. (NNA) Will Announce Quarterly Sales of $54.99 Million

Equities research analysts expect Navios Maritime Acquisition Co. (NYSE:NNA) to report sales of $54.99 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Navios Maritime Acquisition’s earnings. The lowest sales estimate is $51.62 million and the highest is $59.60 million. Navios Maritime Acquisition posted sales of $65.81 million during the same quarter last year, which suggests a negative year over year growth rate of 16.4%. The company is expected to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Navios Maritime Acquisition will report full-year sales of $54.99 million for the current year, with estimates ranging from $211.16 million to $217.90 million. For the next financial year, analysts anticipate that the firm will post sales of $222.58 million per share, with estimates ranging from $205.12 million to $236.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Navios Maritime Acquisition.

A number of brokerages have recently commented on NNA. Stifel Nicolaus set a $2.00 price target on shares of Navios Maritime Acquisition and gave the stock a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research upgraded shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, ValuEngine lowered shares of Navios Maritime Acquisition from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Navios Maritime Acquisition currently has a consensus rating of “Hold” and an average price target of $1.63.

Shares of Navios Maritime Acquisition (NNA) traded up $0.01 during mid-day trading on Monday, hitting $1.18. 693,100 shares of the stock were exchanged, compared to its average volume of 406,494. Navios Maritime Acquisition has a 52-week low of $1.08 and a 52-week high of $2.11. The company has a market capitalization of $175.77, a price-to-earnings ratio of 16.86 and a beta of 1.60. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.92 and a quick ratio of 0.92.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Wednesday, December 6th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 16.95%. Navios Maritime Acquisition’s dividend payout ratio is presently -64.52%.

A number of hedge funds and other institutional investors have recently made changes to their positions in NNA. Macquarie Group Ltd. bought a new stake in Navios Maritime Acquisition during the third quarter valued at approximately $124,000. Virtu KCG Holdings LLC grew its position in Navios Maritime Acquisition by 127.8% during the second quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock valued at $164,000 after buying an additional 62,454 shares during the period. Vanguard Group Inc. grew its position in Navios Maritime Acquisition by 2.3% during the second quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock valued at $242,000 after buying an additional 3,730 shares during the period. Teachers Advisors LLC grew its position in Navios Maritime Acquisition by 12.2% during the second quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after buying an additional 17,971 shares during the period. Finally, California Public Employees Retirement System grew its position in Navios Maritime Acquisition by 13.2% during the second quarter. California Public Employees Retirement System now owns 167,500 shares of the shipping company’s stock valued at $246,000 after buying an additional 19,500 shares during the period. Institutional investors own 19.17% of the company’s stock.

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About Navios Maritime Acquisition

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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