Zacks: Analysts Expect Navios Maritime Holdings Inc. (NM) to Post -$0.22 Earnings Per Share
Analysts expect that Navios Maritime Holdings Inc. (NYSE:NM) will report earnings of ($0.22) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Navios Maritime Holdings’ earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.18). Navios Maritime Holdings reported earnings of ($0.25) per share in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, November 28th.
On average, analysts expect that Navios Maritime Holdings will report full-year earnings of ($0.82) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of ($0.92) per share, with EPS estimates ranging from ($1.81) to ($0.02). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Navios Maritime Holdings.
Navios Maritime Holdings (NYSE:NM) last released its quarterly earnings results 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 20.64% and a negative return on equity of 16.83%. The business had revenue of $118.60 million for the quarter, compared to analyst estimates of $114.27 million. During the same period in the previous year, the company earned ($0.29) earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis.
A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Clarkson Capital downgraded shares of Navios Maritime Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $1.63.
Shares of Navios Maritime Holdings (NYSE NM) opened at $1.42 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32. Navios Maritime Holdings has a 1-year low of $0.95 and a 1-year high of $2.26.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in Navios Maritime Holdings by 254.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 858,152 shares of the shipping company’s stock valued at $1,605,000 after acquiring an additional 615,981 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Navios Maritime Holdings during the 2nd quarter valued at about $341,000. Royce & Associates LP grew its stake in Navios Maritime Holdings by 2.2% during the 2nd quarter. Royce & Associates LP now owns 1,606,349 shares of the shipping company’s stock valued at $2,201,000 after acquiring an additional 35,000 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Navios Maritime Holdings during the 2nd quarter valued at about $250,000. Finally, Advisor Group Inc. grew its stake in 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 valued at $1,555,000 after acquiring an additional 42,750 shares in the last quarter. 20.25% of the stock is owned by institutional investors.
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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