Wall Street brokerages expect that Navios Maritime Holdings Inc. (NYSE:NM) will post earnings per share (EPS) of ($0.27) for the current fiscal quarter, Zacks Investment Research reports. 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 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8%. The business is expected to issue its next quarterly earnings results on Tuesday, November 28th.

According to Zacks, analysts expect that Navios Maritime Holdings will report full year earnings of ($0.86) per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of ($0.97) per share, with EPS estimates ranging from ($1.92) to ($0.02). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Navios Maritime Holdings.

Navios Maritime Holdings (NYSE:NM) last issued its quarterly earnings data on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Navios Maritime Holdings had a negative net margin of 22.05% and a negative return on equity of 14.37%. The company had revenue of $118.60 million for the quarter, compared to the consensus estimate of $114.27 million. During the same period last year, the firm posted ($0.29) EPS. Navios Maritime Holdings’s revenue for the quarter was up 12.2% on a year-over-year basis.

A number of brokerages have weighed in on NM. Zacks Investment Research raised shares of Navios Maritime Holdings from a “strong sell” rating to a “hold” rating in a report on Friday, July 21st. ValuEngine cut shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.

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Several institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its position in shares of Navios Maritime Holdings by 8.3% during the first quarter. Parametric Portfolio Associates LLC now owns 2,776,233 shares of the shipping company’s stock worth $5,192,000 after acquiring an additional 212,145 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Navios Maritime Holdings by 9.8% during the first quarter. Renaissance Technologies LLC now owns 1,919,702 shares of the shipping company’s stock worth $3,590,000 after acquiring an additional 170,900 shares during the last quarter. Royce & Associates LP grew its position in shares of Navios Maritime Holdings by 2.2% during the second quarter. Royce & Associates LP now owns 1,606,349 shares of the shipping company’s stock worth $2,201,000 after acquiring an additional 35,000 shares during the last quarter. Advisor Group Inc. grew its position in shares of Navios Maritime Holdings by 3.9% during the second quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock worth $1,555,000 after acquiring an additional 42,750 shares during the last quarter. Finally, State Street Corp grew its position in shares of Navios Maritime Holdings by 2,467.0% during the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after acquiring an additional 973,416 shares during the last quarter. Institutional investors and hedge funds own 21.03% of the company’s stock.

Navios Maritime Holdings (NYSE NM) opened at 1.72 on Friday. Navios Maritime Holdings has a 12 month low of $0.95 and a 12 month high of $2.40. The stock’s market capitalization is $199.61 million. The firm’s 50-day moving average is $1.46 and its 200 day moving average is $1.47.

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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