Analysts Anticipate Navios Maritime Acquisition Co. (NNA) Will Post Earnings of -$0.01 Per Share

Wall Street brokerages expect Navios Maritime Acquisition Co. (NYSE:NNA) to post earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Navios Maritime Acquisition’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.02. Navios Maritime Acquisition reported earnings of $0.11 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 109.1%. The firm is scheduled to report its next earnings results on Thursday, February 8th.

Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Navios Maritime Acquisition.

A number of analysts recently issued reports on the stock. Stifel Nicolaus set a $2.00 price target on shares of Navios Maritime Acquisition and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, ValuEngine downgraded shares of Navios Maritime Acquisition from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Navios Maritime Acquisition presently has a consensus rating of “Hold” and a consensus target price of $1.63.

Shares of Navios Maritime Acquisition (NYSE:NNA) traded down $0.02 during midday trading on Friday, reaching $1.16. 516,200 shares of the company were exchanged, compared to its average volume of 406,945. Navios Maritime Acquisition has a 12-month low of $1.08 and a 12-month high of $2.11. The stock has a market capitalization of $177.39, a P/E 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 disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Wednesday, December 6th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 17.24%. The ex-dividend date of this dividend was Tuesday, December 5th. Navios Maritime Acquisition’s payout ratio is -64.51%.

A number of institutional investors and hedge funds have recently bought and sold shares of NNA. California Public Employees Retirement System lifted its holdings in Navios Maritime Acquisition by 54.5% during the first quarter. California Public Employees Retirement System now owns 148,000 shares of the shipping company’s stock valued at $255,000 after purchasing an additional 52,200 shares in the last quarter. Strs Ohio lifted its holdings in Navios Maritime Acquisition by 71.4% during the second quarter. Strs Ohio now owns 369,200 shares of the shipping company’s stock valued at $542,000 after purchasing an additional 153,800 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Navios Maritime Acquisition by 0.5% during the second 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. Chicago Equity Partners LLC purchased a new position in Navios Maritime Acquisition during the second quarter valued at $470,000. Finally, Hosking Partners LLP lifted its holdings in Navios Maritime Acquisition by 1.6% during the second quarter. Hosking Partners LLP now owns 1,251,093 shares of the shipping company’s stock valued at $1,839,000 after purchasing an additional 19,929 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors and hedge funds.

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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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