$117.95 Million in Sales Expected for Navios Maritime Holdings Inc. (NM) This Quarter
Equities research analysts forecast that Navios Maritime Holdings Inc. (NYSE:NM) will post $117.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Navios Maritime Holdings’ earnings. The lowest sales estimate is $109.57 million and the highest is $126.32 million. Navios Maritime Holdings posted sales of $105.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.6%. The firm is scheduled to report its next quarterly earnings results on Thursday, August 24th.
According to Zacks, analysts expect that Navios Maritime Holdings will report full year sales of $117.95 million for the current financial year, with estimates ranging from $467.99 million to $487.29 million. For the next fiscal year, analysts forecast that the company will post sales of $543.41 million per share, with estimates ranging from $540.30 million to $546.52 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Navios Maritime Holdings.
Navios Maritime Holdings (NYSE:NM) last issued its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.07. Navios Maritime Holdings had a negative return on equity of 13.28% and a negative net margin of 20.55%. The firm had revenue of $95.30 million for the quarter, compared to analyst estimates of $104.31 million. During the same period in the prior year, the firm posted ($0.11) EPS. The business’s revenue was down 6.1% compared to the same quarter last year.
Several equities analysts have issued reports on the company. Citigroup Inc. dropped their price objective on Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating on the stock in a report on Thursday, May 25th. Zacks Investment Research lowered Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, ValuEngine lowered Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st.
Shares of Navios Maritime Holdings (NYSE:NM) traded up 3.17% during mid-day trading on Friday, reaching $1.30. The company’s stock had a trading volume of 970,842 shares. Navios Maritime Holdings has a 52 week low of $0.83 and a 52 week high of $2.40. The stock’s market capitalization is $149.72 million. The company’s 50-day moving average is $1.23 and its 200-day moving average is $1.60.
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Several institutional investors have recently modified their holdings of NM. Phoenix Investment Adviser LLC raised its position in shares of Navios Maritime Holdings by 37.5% in the first quarter. Phoenix Investment Adviser LLC now owns 288,700 shares of the shipping company’s stock valued at $540,000 after buying an additional 78,700 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Navios Maritime Holdings by 9.8% in the first quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock valued at $3,590,000 after buying an additional 170,900 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Navios Maritime Holdings by 8.3% in the first quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock valued at $5,192,000 after buying an additional 212,145 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Navios Maritime Holdings by 254.4% in the first quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock valued at $1,605,000 after buying an additional 615,981 shares during the period. Finally, Horseman Capital Management Ltd acquired a new stake in shares of Navios Maritime Holdings during the first quarter valued at $1,834,000. 19.70% of the stock is currently owned by institutional investors.
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.
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