$53.49 Million in Sales Expected for Navios Maritime Acquisition Corporation (NNA) This Quarter

Brokerages expect Navios Maritime Acquisition Corporation (NYSE:NNA) to post $53.49 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Navios Maritime Acquisition Corporation’s earnings, with estimates ranging from $52.60 million to $54.37 million. Navios Maritime Acquisition Corporation reported sales of $65.81 million in the same quarter last year, which indicates a negative year over year growth rate of 18.7%. The business is expected to announce its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Navios Maritime Acquisition Corporation will report full year sales of $53.49 million for the current financial year, with estimates ranging from $208.01 million to $241.90 million. For the next financial year, analysts anticipate that the business will report sales of $235.60 million per share, with estimates ranging from $215.72 million to $252.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Navios Maritime Acquisition Corporation.

Navios Maritime Acquisition Corporation (NYSE:NNA) last posted its quarterly earnings results on Thursday, August 10th. The shipping company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). The company had revenue of $52.87 million during the quarter, compared to analyst estimates of $53.00 million. Navios Maritime Acquisition Corporation had a negative net margin of 19.94% and a positive return on equity of 2.02%.

Several research analysts have commented on the company. Stifel Nicolaus reissued a “buy” rating and set a $2.25 target price (up previously from $2.00) on shares of Navios Maritime Acquisition Corporation in a research note on Friday, August 11th. Citigroup Inc. downgraded Navios Maritime Acquisition Corporation from a “buy” rating to a “neutral” rating and set a $1.25 target price for the company. in a research note on Friday, August 11th. TheStreet downgraded Navios Maritime Acquisition Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 10th. ValuEngine downgraded Navios Maritime Acquisition Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised Navios Maritime Acquisition Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $1.63.

Shares of Navios Maritime Acquisition Corporation (NYSE:NNA) traded up $0.01 during midday trading on Wednesday, reaching $1.34. The company’s stock had a trading volume of 368,670 shares, compared to its average volume of 330,260. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $201.55, a P/E ratio of 19.00 and a beta of 1.59. Navios Maritime Acquisition Corporation has a 12-month low of $1.08 and a 12-month high of $2.11.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 14.93%. The ex-dividend date of this dividend is Tuesday, December 5th. Navios Maritime Acquisition Corporation’s payout ratio is -100.00%.

Several institutional investors have recently added to or reduced their stakes in NNA. Virtu KCG Holdings LLC increased its stake in shares of Navios Maritime Acquisition Corporation by 127.8% in 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. increased its stake in shares of Navios Maritime Acquisition Corporation by 2.3% in 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 increased its stake in shares of Navios Maritime Acquisition Corporation by 12.2% in 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. California Public Employees Retirement System increased its stake in shares of Navios Maritime Acquisition Corporation by 13.2% in 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. Finally, Bank of New York Mellon Corp increased its stake in shares of Navios Maritime Acquisition Corporation by 0.5% in 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 buying an additional 1,199 shares during the period. 19.01% of the stock is owned by institutional investors.

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About Navios Maritime Acquisition Corporation

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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