Navios Maritime Holdings Inc. (NM) Set to Announce Earnings on Tuesday

Navios Maritime Holdings Inc. (NYSE:NM) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 21st. Analysts expect Navios Maritime Holdings to post earnings of ($0.22) per share for the quarter.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings data on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $118.60 million during the quarter, compared to the consensus estimate of $114.27 million. Navios Maritime Holdings had a negative net margin of 20.64% and a negative return on equity of 16.83%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.29) EPS. On average, analysts expect Navios Maritime Holdings to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of Navios Maritime Holdings Inc. (NM) traded up $0.07 during trading hours on Friday, hitting $1.42. 622,158 shares of the stock traded hands, compared to its average volume of 908,997. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 2.32. Navios Maritime Holdings Inc. has a one year low of $0.95 and a one year high of $2.26.

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Several equities analysts have recently commented on the stock. ValuEngine cut shares of Navios Maritime Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Tuesday, October 31st. Finally, Clarkson Capital cut shares of Navios Maritime Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $1.63.

A number of hedge funds have recently added to or reduced their stakes in NM. State Street Corp increased its position in Navios Maritime Holdings by 2,467.0% during the 2nd quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after purchasing an additional 973,416 shares in the last quarter. Vanguard Group Inc. acquired a new position in Navios Maritime Holdings during the 2nd quarter worth approximately $248,000. Finally, California State Teachers Retirement System acquired a new position in Navios Maritime Holdings during the 2nd quarter worth approximately $218,000. Institutional investors and hedge funds own 21.22% of the company’s stock.

Navios Maritime Holdings Company Profile

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.

Earnings History for Navios Maritime Holdings (NYSE:NM)

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