$56.68 Million in Sales Expected for Navios Maritime Acquisition Co. (NNA) This Quarter

Equities analysts forecast that Navios Maritime Acquisition Co. (NYSE:NNA) will report sales of $56.68 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Navios Maritime Acquisition’s earnings. The lowest sales estimate is $53.76 million and the highest is $59.60 million. Navios Maritime Acquisition reported sales of $65.81 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.9%. The firm is expected to report its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Navios Maritime Acquisition will report full-year sales of $56.68 million for the current fiscal year, with estimates ranging from $211.16 million to $217.90 million. For the next financial year, analysts anticipate that the company will post sales of $218.74 million per share, with estimates ranging from $205.12 million to $236.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Navios Maritime Acquisition.

Navios Maritime Acquisition (NYSE:NNA) last released its quarterly earnings results on Thursday, November 2nd. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. Navios Maritime Acquisition had a positive return on equity of 2.08% and a negative net margin of 19.94%.

A number of research firms recently issued reports on NNA. Stifel Nicolaus set a $2.00 price target on Navios Maritime Acquisition and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Navios Maritime Acquisition in a report on Friday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Navios Maritime Acquisition presently has an average rating of “Hold” and an average price target of $1.63.

Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. purchased a new stake in Navios Maritime Acquisition in the 3rd quarter valued at approximately $124,000. Virtu KCG Holdings LLC boosted its holdings in Navios Maritime Acquisition by 127.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock valued at $164,000 after purchasing an additional 62,454 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Navios Maritime Acquisition by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock valued at $242,000 after purchasing an additional 3,730 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Navios Maritime Acquisition by 12.2% in the 2nd quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after purchasing an additional 17,971 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Navios Maritime Acquisition by 13.2% in the 2nd quarter. California Public Employees Retirement System now owns 167,500 shares of the shipping company’s stock valued at $246,000 after purchasing an additional 19,500 shares in the last quarter. 19.09% of the stock is currently owned by institutional investors.

Navios Maritime Acquisition (NNA) opened at $0.96 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.12. Navios Maritime Acquisition has a twelve month low of $0.89 and a twelve month high of $2.02. The stock has a market capitalization of $144.90, a PE ratio of -3.11 and a beta of 1.60.

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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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