Brokerages predict that Navios Maritime Acquisition Co. (NYSE:NNA) will report ($0.09) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Acquisition’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.14). Navios Maritime Acquisition reported earnings per share of $0.04 during the same quarter last year, which would indicate a negative year over year growth rate of 325%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, May 15th.
Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Navios Maritime Acquisition.
Navios Maritime Acquisition (NYSE:NNA) last issued its quarterly earnings data on Wednesday, February 7th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business 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%.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake 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 worth $242,000 after purchasing an additional 3,730 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Navios Maritime Acquisition by 12.2% during the second quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock worth $243,000 after purchasing an additional 17,971 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of 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 worth $246,000 after purchasing an additional 19,500 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Navios Maritime Acquisition by 14.9% during the second quarter. Goldman Sachs Group Inc. now owns 234,510 shares of the shipping company’s stock worth $344,000 after purchasing an additional 30,361 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Navios Maritime Acquisition by 6.4% during the second quarter. State Street Corp now owns 1,356,842 shares of the shipping company’s stock worth $1,992,000 after purchasing an additional 81,935 shares during the last quarter. 20.52% of the stock is owned by institutional investors and hedge funds.
Shares of Navios Maritime Acquisition (NYSE:NNA) traded down $0.01 during trading hours on Friday, hitting $0.86. The company had a trading volume of 491,179 shares, compared to its average volume of 1,150,000. The firm has a market cap of $128.91, a P/E ratio of -1.73 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 3.13 and a debt-to-equity ratio of 2.30. Navios Maritime Acquisition has a 1 year low of $0.67 and a 1 year high of $1.78.
Navios Maritime Acquisition declared that its Board of Directors has approved a share buyback program on Wednesday, February 7th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the shipping company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date of this dividend is Wednesday, March 21st. Navios Maritime Acquisition’s dividend payout ratio is presently -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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