Navios Maritime Holdings Inc. (NM) Expected to Announce Earnings of -$0.27 Per Share
Analysts forecast that Navios Maritime Holdings Inc. (NYSE:NM) will report earnings of ($0.27) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Navios Maritime Holdings’ earnings, with estimates ranging from ($0.32) to ($0.22). Navios Maritime Holdings posted earnings of ($0.25) per share in the same quarter last year, which would suggest a negative year over year growth rate of 8%. The business is scheduled to issue its next earnings report on Tuesday, November 28th.
On average, analysts expect that Navios Maritime Holdings will report full-year earnings of ($0.86) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of ($0.97) per share, with EPS estimates ranging from ($1.92) to ($0.02). Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Navios Maritime Holdings.
Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. Navios Maritime Holdings had a negative return on equity of 14.37% and a negative net margin of 22.05%. The firm had revenue of $118.60 million for the quarter, compared to analysts’ expectations of $114.27 million. During the same period in the prior year, the business posted ($0.29) earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year.
NM has been the subject of several analyst reports. Zacks Investment Research raised Navios Maritime Holdings from a “strong sell” rating to a “hold” rating in a report on Friday, July 21st. ValuEngine raised Navios Maritime Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, Citigroup Inc lowered their price target on Navios Maritime Holdings from $1.50 to $1.25 and set a “sell” rating for the company in a report on Thursday, May 25th.
Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System acquired a new position in shares of Navios Maritime Holdings during the 2nd quarter worth $218,000. State Street Corp raised its holdings in shares of 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 buying an additional 973,416 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Navios Maritime Holdings by 2.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock worth $1,208,000 after buying an additional 23,789 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Navios Maritime Holdings during the 2nd quarter worth $250,000. Finally, Advisor Group Inc. raised its holdings in shares of Navios Maritime Holdings by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock worth $1,555,000 after buying an additional 42,750 shares in the last quarter. 21.03% of the stock is owned by institutional investors.
Shares of Navios Maritime Holdings (NM) traded up 3.90% during mid-day trading on Monday, reaching $1.60. The company’s stock had a trading volume of 733,681 shares. The firm’s market cap is $185.68 million. Navios Maritime Holdings has a 52-week low of $0.95 and a 52-week high of $2.40. The firm has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.48.
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About Navios Maritime Holdings
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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