-$0.01 EPS Expected for Navios Maritime Acquisition Corporation (NNA) This Quarter

Equities research analysts forecast that Navios Maritime Acquisition Corporation (NYSE:NNA) will announce earnings per share of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Navios Maritime Acquisition Corporation’s earnings. The highest EPS estimate is $0.02 and the lowest is ($0.03). Navios Maritime Acquisition Corporation posted earnings of $0.11 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 109.1%. The business is scheduled to announce its next earnings report on Thursday, February 8th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Navios Maritime Acquisition Corporation.

Navios Maritime Acquisition Corporation (NYSE:NNA) last released its quarterly earnings results on Thursday, August 10th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.02) by C($0.01). Navios Maritime Acquisition Corporation had a positive return on equity of 2.08% and a negative net margin of 19.94%. The business had revenue of C$52.87 million during the quarter, compared to the consensus estimate of C$53.00 million.

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

Navios Maritime Acquisition Corporation (NNA) traded down C$0.01 during trading hours on Monday, hitting C$1.33. The stock had a trading volume of 192,700 shares, compared to its average volume of 417,310. Navios Maritime Acquisition Corporation has a 12 month low of C$1.08 and a 12 month high of C$2.11. The company has a market capitalization of $199.94, a PE ratio of 19.00 and a beta of 1.60. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.92 and a current ratio of 0.92.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.20 annualized dividend and a yield of 15.04%. Navios Maritime Acquisition Corporation’s dividend payout ratio is currently -64.51%.

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Hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its stake in Navios Maritime Acquisition Corporation by 54.5% during the first quarter. California Public Employees Retirement System now owns 148,000 shares of the company’s stock valued at $255,000 after buying an additional 52,200 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Navios Maritime Acquisition Corporation by 80.1% during the first quarter. JPMorgan Chase & Co. now owns 685,659 shares of the company’s stock valued at $1,179,000 after buying an additional 305,049 shares in the last quarter. Stifel Financial Corp boosted its stake in Navios Maritime Acquisition Corporation by 53.6% during the second quarter. Stifel Financial Corp now owns 1,119,934 shares of the company’s stock valued at $1,638,000 after buying an additional 390,870 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Navios Maritime Acquisition Corporation by 1.0% during the first quarter. Parametric Portfolio Associates LLC now owns 764,666 shares of the company’s stock valued at $1,315,000 after buying an additional 7,229 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Navios Maritime Acquisition Corporation by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 227,039 shares of the company’s stock valued at $390,000 after buying an additional 6,592 shares in the last quarter. 18.78% of the stock is owned by institutional investors and hedge funds.

Navios Maritime Acquisition Corporation 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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